Permanent TSB acquires €915m in Ulster non-tracker mortgages

The various loan acquisitions has increased PTSB's loan book by 40%

Permanent TSB has also acquired 25 former Ulster Bank branch locations in January 2023. Pic; Larry Cummins

Permanent TSB has completed the acquisition of the performing non-tracker residential mortgage portfolio of Ulster Bank in the Republic of Ireland following the transfer of 8,000 mortgage loan accounts to the bank.

The mortgages acquired today currently comprise loans with a value of approximately €915m connected to about 11,000 customers and increases Permanent TSB’s mortgage book by approximately 4%.