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

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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 Group holdings plc engages in the provision of financial services. The company operates its business through three segments: Permanent tsb, Asset Management and Non-Core Assets.

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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.

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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.

Permanent TSB is contacting some of its buy-to-let mortgage customers who are in arrears to see if they would surrender the property to the bank, which will then write off any remaining debt on.

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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.