Permanent TSB has less than two weeks to show the Central Bank its plan to plug a multi-million Euro hole in its finances.
That’s after the bank was told to increase its capital levels by more than 850 million after failing European Central Bank stress tests.
PTSB will meet with financial advisers this week to test whether private shareholders might invest in the bank.
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After that it has six months to come up with the money and Permanent TSB says its confident of raising the capital by early next year.
Our Business Editor Ian Guider says customers are unlikely to leave the bank despite the latest revelations:
