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First half losses up at Ulster Bank as exit continues

First half losses up at Ulster Bank as exit continues
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Permanent TSB s interest income jumps 86% on Ulster Bank deal and rising rates – The Irish Times

Permanent TSB agrees to acquire €7 6bn of Ulster Bank loans and mortgages

Kilkenny People Kindly add us to your ad blocker whitelist. If you want further access to Ireland s best local journalism, consider subscribing to our ePaper and/or free daily Newsletter . Support our mission and join our community now. ePaper PHOTO: www.permanenttsb.ie   ); A memorandum of understanding has been agreed between Permanent TSB and Ulster Bank with regard to assets and loans of the latter. Ulster Bank announced the news as it confirmed more details on its phased withdrawal process from the Irish market. Both banks have agreed a non-binding MOU for the proposed sale of a perimeter comprising performing non-tracker mortgages; performing loans in Ulster Bank s micro-SME business; Ulster Bank’s Lombard Asset Finance business, including the Lombard digital platform and a subset of Ulster Bank branch locations.  

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