Ireland's PTSB to cut bad debt levels with securitisation deal
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DUBLIN (Reuters) - Irish financial services firm Permanent TSB (PTSB) said on Thursday it had agreed to sell a 1.3 billion euro ($1.5 billion)portfolio of problem mortgage loans in a securitisation deal, reducing its bad debt level to below 10 percent.Bailed out like other major Irish banks in the financial crisis, PTSB has been trying to reduce its exposure to non-performing loans (NPLs) and focus on providing services for consumers and small and medium-sized enterprises (SMEs).CEO Jeremy..