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Permanent TSB Strikes Deal With Ulsterbank

Permanent TSB has announced plans to buy out some of Ulster Bank's assets.

A memorandum of understanding has been signed by the two parties, which could potentially see Permanent TSB taking on performing non-tracker mortgages and SME loans.

Ulster Bank owners NatWest announced earlier this year it would be withdrawing from the Irish market on a phased basis.

More from East Coast FM Wicklow News

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