NatWest, which is 55%-owned by the British government, will take a stake of up to 20% in PTSB

New Permanent TSB CEO Eamonn Crowley has pledged there is a future for the mortgage bank in lending to small firms but said the fallout from Covid-19 crisis will be “significant” as it again faces some sort of increase in home loan arrears when the payment breaks for 10,000 customers come to an end.