Permanent TSB offloads over 6,000 non performing mortgages
Permanent TSB has announced it's offloading over 6,000 non performing mortgages.
Administration of the loans is being handed over to Pepper Finance Ireland.
Nearly all of the loans were taken out on family homes, and are valued at 1.3 billion euro.
The bank says it's writing to all affected customers and has set up a helpline.
The CEO of PTSB, Jeremy Masding, says customers will still be covered by Central Bank consumer protection codes when the loans are transferred:
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