There is some more bad news for Permanent TSB customers as the bank confirmed that over 1,000 preforming loans will be sold off to a vulture fund.
According to RTÉ News, the bank who earlier this week confirmed that it is to sell off 10,700 non-performing loans in order to reduce its debt has included a portfolio obtaining 1,050 performing loans.
The move which will be a worry to PTSB customers as loans that are not in arrears or bad debt are being sold off despite previous indications.
In a brief statement released over the weekend, the bank confirmed that 7,400 loans are related to family homes, whilst 2,500 of the loans within the portfolio were in arrears and under performing.
Although the bank say some loans performing loans will be sold off, they justified the decision by confirming that those lenders have other loans that are under preforming.
The latest decision to sell off loans has been slammed by the Fianna Fáil party who say the bank have not reviewed their decision thoroughly and those affected by the banks decision are being put under immense pressure.
The party also say previous indications suggested that under performing loans would be sold off, but it seems that those suggests are not the entirely accurate.