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permanent tsb Group Holdings ( (GB:PTSB) ) just unveiled an update.
Permanent TSB Group Holdings has completed the sale of a second tranche of non-performing loans (NPLs) to Mars Capital Finance Ireland DAC, in collaboration with Apollo-managed funds. This transaction, involving a portfolio valued at €76 million, is set to enhance the bank’s Total Capital Ratio by approximately 10 basis points and reduce its NPL ratio to 1.4%, below the European average. The sale is part of the bank’s strategy to manage regulatory capital provisioning impacts and does not affect existing customer protections or loan terms. The bank will continue servicing these loans for up to six months before transferring them to Mars Capital.
More about permanent tsb Group Holdings
Permanent TSB Group Holdings plc operates in the financial services industry, primarily focusing on banking services. The company offers a range of banking products including loans, mortgages, and savings accounts, with a market focus on providing consumer banking solutions in Ireland.
For a thorough assessment of PTSB stock, go to TipRanks’ Stock Analysis page.