permanent tsb Group Holdings (GB:PTSB) has released an update.
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Permanent TSB Group Holdings PLC has announced the sale of a €348 million Non-Performing Loan (NPL) portfolio to Mars Capital Finance Ireland DAC, in a move that will bolster the bank’s capital ratios and allow for an estimated €2 billion in new lending. Customers affected by the sale will retain their regulatory protections and can access PTSB services up to six months post-sale. The transaction aims to strengthen PTSB’s position in the Irish retail banking sector, ensuring continued competition and customer choice.
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