Permanent TSB would suffer ‘catastrophic’ PR backlash over loans sell-off

Permanent TSB would suffer catastrophic’ PR backlash over loans sell-off Permanent TSB has reported a profit of 40m for 2017, the bank’s first profit since the financial crisis, but said it had no choice on the sale of some of its non-performing loans. Received this email from IGERSLIKE: The Black Friday and Cyber Monday just arrived!

Earlier:The head of Permanent TSB says vulture funds are not pursuing mortgage holders any more aggressively than Irish banks. PTSB plans to sell 3.7bn worth of troubled loans in the coming months.

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Permanent TSB is likely to suffer "near catastrophic PR blowback" if its effort to sell non-performing home loans is successful, a leading analyst warned. PTSB is selling off a huge block of loans in. A US-based private equity firm has purchased 50 per cent of Capital home loans’ book from parent company permanent TSB. Cerberus Capital LP.

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Permanent TSB is likely to suffer "near catastrophic PR blowback" if its effort to sell non-performing home loans is successful, a leading analyst warned.PTSB is selling off a huge block of.

State owned Permanent TSB said it will look at potentially selling off customer mortgages that are in deep arrears during 2017. At the end of 2016 PTSB had soured loans of 5.9bn including.

File Photo THE SALE OF loans by Permanent TSB should not go ahead, according to Fianna Fil’s Finance spokesperson michael mcgrath. The bank, which is 75% owned by the State, plans to sell off a loan book of non-performing worth 4 billion to vulture funds.

Permanent TSB would suffer catastrophic’ PR backlash over loans sell-off The bank has over one million customers in Ireland. The chief executive of Permanent TSB is Jeremy Masding, who succeeded Kevin Murphy in that capacity in February 2012. He retired in June 2013.

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