Permanent TSB on course to clinch €7.6bn loans deal with Ulster Bank 'in fourth quarter'

AIB plans to get most of the rest of the Ulster loan books

Permanent TSB finalised an agreement in December with Ulster to acquire €7bn in mortgage loans, 20 branches, and €600m in other SME loans and assets.

Permanent TSB said it is on course to secure "exceptional accounting gains" should it acquire billions worth of mortgage loans from Ulster Bank.

In an update, the lender reiterated its hopes to have clinched the deal with Ulster, which is shutting its banking operations in the Republic, by the end of the year.