Permanent TSB announces formal sale process in Q3 trading update By Investing.com
Update: 2025-10-30
Description
Permanent TSB Group Holdings, with a robust core equity tier one ratio of 15.5%, has initiated a formal sale process, aiming for new ownership possibilities. Despite a 6% drop in net interest income due to lower interest rates, the bank maintains a strong net interest margin of 2.01% and a growing loan book of €22.4 billion. Permanent TSB has sustained its mortgage market share and seen business banking loan growth of 11%. Asset quality remains strong, with non-performing loan ratios improving to 1.7%. Customer deposits have increased by 1% to €25.4 billion, and the bank plans to restart dividend payments next year, indicating a positive outlook amidst the potential sale.
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