Permanent TSB says it’s working to raise money after it became the only Irish lender to fail European Central Bank stress tests.
The bank was found to have a capital shortfall of 854 million euro.
The bank, which is is 99 percent State owned, will now have two weeks to come up with a plan to raise the money.
It’s likely that PTSB will seek to raise the money from private investors rather than seek another taxpayer bailout.
Our Business Editor Ian Guider
