Blog

It has recently been reported in the media that Permanent TSB instructed Ernst & Young to begin the formal sales process of a project involving the sale of a €4 billion non-performing loan portfolio to unregulated funds. This project was to be known as Project Glas.

Among Ireland’s list of bailed-out banks, Permanent TSB has the highest ratio of non-performing loans. Over the past few years, there has been increased pressure from the European Central Bank on the likes of Permanent TSB and others to come up with credible strategies to reduce these levels of non-performing loans.

Stuck in financial hardship and unsure what to do? Well the first step is to simply ASK for help now. Please be assured that there is always a workable solution to a debt issue.

This solution will vary depending on your personal circumstances and these solutions can either be informal or formal. We, at GDP Equity Experts, would advise that you explore 1 of the following 3 options as a solution to your debt issue:

If you have been following the news recently you would have seen quite a lot of turbulence in the market place, particularly in the equity markets. The traders are worried that Quantitative Easing is coming to an end, inflation is on the rise so interest rates must also rise.

It has recently been reported that Kilroot Power Station in Carrick, Co. Antrim is facing closure within months with the loss of up to 240 jobs. A further 30 jobs are also under threat at the Ballylumford Power Station. With these impending job losses and the 860 job losses experienced recently at the Michelin Factory in Ballymena, it is a worrying time for both the Irish and UK economies. With the Brexit screw about to be turned, it is looks like being evitable that more large-scale job losses will follow in 2018 and beyond.

It has recently been reported that as a consequence of AIB removing their tracker mortgage product from the market in 2008 to boost their income by up to €100 million, they now face a compensation bill payment of €190 million. This sum is to be paid to a total of 9,348 AIB customers who have been impacted by this controversy. €133 million of this compensation payment has already been paid out to those customers affected with more due to be paid out over the coming months.