The_Banker
Registered User
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In light of yesterdays financial results in PTSB I would be interested in gauging peoples opinion on the future of this bank.
The results were not generally disected by the media I think due to the fact that yesterday the media were all over the Shatter/Callinan issues.
While they are still racking up losses on historical loans and having issues with performing loans (i.e. mortgage holders that are not in arrears), due to the fact that they have so many loss making tracker mortgages they do state that they have turned a corner in that they are profitable on new business... and that they are punching above their weight in attracting new current account holders.
Also, the media seem to be hinting at a possible merger between PTSB and Ulster.. If that was to happen I would think it would have to be agreed at governmental level rather than executive level and as one journalist noted a few weeks back... "just because you tie two rocks together it doesnt mean they will float"...
Is there a future for this bank ? Either stand alone or as part of another entity?
The results were not generally disected by the media I think due to the fact that yesterday the media were all over the Shatter/Callinan issues.
While they are still racking up losses on historical loans and having issues with performing loans (i.e. mortgage holders that are not in arrears), due to the fact that they have so many loss making tracker mortgages they do state that they have turned a corner in that they are profitable on new business... and that they are punching above their weight in attracting new current account holders.
Also, the media seem to be hinting at a possible merger between PTSB and Ulster.. If that was to happen I would think it would have to be agreed at governmental level rather than executive level and as one journalist noted a few weeks back... "just because you tie two rocks together it doesnt mean they will float"...
Is there a future for this bank ? Either stand alone or as part of another entity?