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PTSB half year pre-tax profits down 75%, but deposits up

PTSB has reported lower profits and income for the six months to the end of June due to what it called the "more challenging interest rate environment" in which it is operating.

Business • 31 Jul

PTSB CEO Eamonn Crowley said the bank has invested heavily in IT

Customers can trust PTSB's IT systems, CEO says

The chief executive of PTSB, Eamonn Crowley, has insisted that customers can trust the bank's IT systems following two major outages in recent months.

Business • 09 May

PTSB said its share of new mortgage drawdowns in the first quarter of 2025 was over 20%

PTSB's mortgage share tops 20% in first quarter

Permanent TSB Group Holdings said its net interest income reduced by 9% in the first quarter of this year due to the impact of lower interest rates.

Business • 30 Apr

PTSB said its share of new mortgage lending increased in the third quarter to 16.3%

Permanent TSB's nine month income up by 3%

Permanent TSB has reported a 3% increase in total operating income for the first nine months of this year and said it was seeing good momentum in its new lending pipeline.

Business • 29 Oct 24

The upgrade for Permanent TSB is the first from Moody's since September 2022

Moody's upgrades Permanent TSB's long-term rating

Ratings agency Moody's has upgraded Permanent TSB's long-term rating to A1 from A2 and Permanent TSB Group Holdings' long-term rating to Baa1, up from Baa2.

Business • 27 Sep 24

PTSB's chief executive Eamonn Crowley and chief financial officer Nicola O'Brien

PTSB posts pre-tax profits of €75m for first half of 2024

Permanent TSB Group Holdings will resume dividend payments with a modest distribution and build towards a payout ratio of about 40% of attributable profit through the medium term, the bank said today after a sharp rise in half-year profit.

Business • 01 Aug 24

PTSB said today it had recorded a strong financial performance in the first quarter of this year

PTSB reports 10% increase in Q1 net interest income

PTSB said today it had recorded a strong financial performance in the first quarter of 2024, including an increase in Net Interest Income and a doubling of business lending.

Business • 08 May 24

Permanent TSB Group Holdings said its net interest income in 2023 increased by 71% last year

Permanent TSB Group Holdings' net interest income up 71%

Permanent TSB Group Holdings will outline plans later this year on resuming dividend payments for the first time since 2008, the bank said today after reporting a near four-fold rise in full-year underlying profit.

Business • 07 Mar 24

PTSB CEO Eamonn Crowley said the removal of the dividend blocker is a landmark event for the bank

PTSB says no longer blocked from paying dividends

PTSB said today that the bank is no longer blocked from paying dividends.

Business • 15 Dec 23

Some mortgage customers moving to variable rates: PTSB

Permanent TSB Group Holding has reported an increase in new lending and deposits as well as a higher mortgage market share for the third quarter of 2023.

Business • 25 Oct 23

About 88,000 new mortgage and business customers have moved to PTSB from Ulster Bank in recent months

Permanent TSB raises full year guidance after strong H1

Permanent TSB has today followed Bank of Ireland and AIB in raising its full-year guidance after higher interest rates boosted its first-half profits and the departure of rivals boosted its market share.

Business • 02 Aug 23

Permanent TSB completed the acquisition of 25 Ulster Bank Branches and around 3,200 Ulster Bank SME loan accounts, valued at about €165m in the first quarter of 2023

Permanent TSB's new mortgage lending jumps by 69%

Permanent TSB has today reported a strong business and financial performance in the first quarter of the year on the back of higher new lending volumes and transactional banking income.

Business • 02 May 23

Permanent TSB Chair Julie O'Neill and chief executive Eamonn Crowley

O'Neill takes up role as Permanent TSB's chair

Julie O'Neill has today taken up the position of Chairperson of Permanent TSB Group Holdings.

Business • 31 Mar 23

Permanent TSB CEO Eamonn Crowley hails a 'transformational year' for the bank

Permanent TSB's profits jump after Ulster Bank deal

Permanent TSB has today posted a jump in annual profit reflecting what it has called its "once-in-a-generation" purchase of loans from rival Ulster Bank.

Business • 01 Mar 23

Julie O'Neill is the new chairperson of the Permanent TSB board

Permanent TSB names new board chairperson

Permanent TSB Group Holdings has appointed Julie O'Neill as chairperson of its board after what it called a comprehensive and competitive selection process.

Business • 17 Jan 23

Permanent TSB said today's deal with Ulster Bank will see about 56,000 new residential mortgage customers move to the bank

Permanent TSB completes Ulster Bank mortgage deal

Permanent TSB confirmed today that it has completed the purchase of the performing non-tracker residential mortgage business of Ulster Bank in Ireland.

Business • 07 Nov 22

Permanent TSB chief executive Eamonn Crowley

200 years of banking history in Permanent TSB archive

Permanent TSB has launched a new archive, website and book, detailing the long 200-year history of the bank.

Business • 06 Jul 22

Finance Minister Paschal Donohoe and BPFI President Eamonn Crowley at today's conference in Dublin

Debate on future of banks must be focused and informed

Everybody in the banking sector in Ireland fully appreciates the importance of the challenge posed by the movement of one million Ulster Bank and KBC customers to new providers and the need for the industry to meet it, the President of BPFI said today.

Business • 04 May 22

Permanent TSB CEO Eamonn Crowley with Olympian Kellie Harrington and Paralympian Jason Smyth

Permanent TSB to sponsor Olympic and Paralympic teams

Permanent TSB has been named as the title sponsor for both the Irish Olympic and Irish Paralympic teams at the Paris 2024 Games.

Business • 10 Mar 22

Permanent TSB's interim CFO Declan Norgrove and CEO Eamonn Crowley

Permanent TSB's pre-tax loss for 2021 narrows

Permanent TSB has reported an underlying profit before tax of €17m for 2021, up from an underlying loss before tax of €109m the previous year, after what it called a "transformational year" for the bank.

Business • 02 Mar 22

As part of the deal, NatWest will also acquire 16.66% of Permanent TSB Group Holdings

Permanent TSB to buy €7.6 billion of Ulster Bank assets

Permanent TSB has formally agreed to acquire €7.6 billion worth of assets from Ulster Bank Ireland.

Business • 17 Dec 21

Permanent TSB's chief executive Eamonn Crowley

Permanent TSB's new lending up 50% in third quarter

Permanent TSB has reported a big increase in new lending, growth in its share of the mortgage market and a further reduction in non-performing loans for the third quarter of 2021.

Business • 28 Oct 21

Permanent TSB's mortgage market share jumps in Q1

Permanent TSB said its mortgage drawdown volumes in the first quarter of this year were about 30% higher than the same time last year and mortgage applications and approvals are also materially ahead.

Business • 05 May 21

Permanent TSB said its total new lending for the year fell by 15% to €1.4 billion

Permanent TSB talks over Ulster Bank 'positive' - CEO

The chief executive of Permanent TSB has described its discussions with Ulster Bank parent NatWest on the possible purchase of parts of the business as positive.

Business • 03 Mar 21

Permanent TSB CEO Eamonn Crowley is the new President of BPFI

PTSB CEO Crowley appointed president of BPFI

Eamonn Crowley, the chief executive of Permanent TSB, has been appointed President of Banking and Payments Federation Ireland (BPFI).

Business • 29 Jan 21