PTSB last year agreed to purchase €7.6 billion of Ulster Bank assets. Picture: Sasko Lazarov/Rollingnews.ie
The Competition and Consumer Protection Commission is to carry out a full phase two investigation into the proposed acquisition by Permanent TSB of certain assets of Ulster Bank Ireland. PTSB last year agreed to purchase €7.6 billion of Ulster Bank assets which would treble the size of PTSB’s SME business overnight, expand its mortgage book by about 40 per cent and grow its branch network by a third.
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