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NatWest disposed of its 11.7% stake in PTSB at a placing price of €1.98 per share

NatWest sells its remaining stake in PTSB

NatWest Group said it has raised €126m by selling its remaining stake in Ireland's Permanent TSB Group in a placing with institutional investors.

Business • 15 Jul

PTSB's latest Reflecting Ireland research shows that 46% of people who are in the market to buy a home are now considering applying for social housing

First time buyers struggling to save a deposit - PTSB

A new survey of homeowners, renters and prospective buyers reveals a big jump in younger age groups saying they are considering applying for social housing in response to housing affordability concerns.

Business • 11 Apr

Former PTSB CEO breached consumer protection rules

A Central Bank inquiry has found that former Permanent TSB chief executive David Guinane participated in regulatory breaches by the bank relating to its treatment of tracker mortgage customers between 2009 and 2010.

Business • 29 Jan

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

Around 128,000 of PTSB's 129,000 shareholders hold less than 100 shares

PTSB launches 'odd-lot' offer for small shareholders

Permanent TSB has launched an "odd-lot" offer to give small shareholders a free mechanism to dispose of their holdings.

Business • 06 Sep 24

Former Permanent TSB chief executive David Guinane (Pic: RollingNews.ie)

Former PTSB CEO says he is being made a 'scapegoat'

A former chief executive of Permanent TSB has criticised aspects of a Central Bank investigation into his alleged involvement in a suspected regulatory breach by the bank involving some of its tracker mortgage customers.

Business • 06 Mar 24

The inquiry was set up by the Central Bank

Inquiry hears evidence from former PTSB marketing manager

A Central Bank inquiry probing whether former CEO of Permanent TSB David Guinane participated in a suspected regulatory breach by the bank, has heard the bank's very existence was in question at the time a controversial decision was taken affecting some of its tracker mortgage customers.

Business • 23 Feb 24

The Central Bank in 2019 fined Permanent TSB €21m under its Administrative Sanctions Procedure

Former PTSB CEO 'singled out', Central Bank inquiry hears

The former CEO of Permanent TSB, David Guinane, is being "singled out", a Central Bank inquiry into his alleged participation in suspected regulatory breaches by the bank related to its treatment of tracker mortgage customers has been told.

Business • 21 Feb 24

2023 was all about increasing interest rates - and higher profits for Irish banks

Rising interest rates boost Irish banks' profits

In the world of Irish banking, 2023 was really all about one thing - rising interest rates.

2023 in Review • 27 Dec 23

Permanent TSB to rebrand to PTSB

The country's third largest retail bank, Permanent TSB, is to undergo a rebranding that will see its name formally changed to just PTSB.

Business • 14 Oct 23

PTSB COO Peter Vance and Expleo MD Phil Codd

PTSB introduces anti-banking fraud software

Permanent TSB has introduced a new feature to its banking app which it says will help prevent customers falling victim to fraudulent scams.

Business • 12 Oct 23

Central Bank probe into Guinane resumes public hearings

A Central Bank inquiry set up to probe alleged participation by the former Permanent TSB chief executive, David Guinane, in the commission of a prescribed contravention by the bank around its treatment of tracker mortgage customers has resumed public hearings.

Business • 11 Oct 23

Suzanne Lloyd and Stephen Jackson of Permanent TSB with new The Late Late Show host Patrick Kielty

Permanent TSB to sponsor The Late Late Show for 2 years

Permanent TSB has been announced as the new broadcast sponsor of The Late Late Show on RTÉ for the next two years.

Business • 15 Sep 23

PTSB agreed a pay increase of 6.5% over two years last year

Unite members submit 13% pay claim at Permanent TSB

Workers at Permanent TSB who are members of the Unite union are lodging a claim for a 13% pay rise.

Business • 31 Aug 23

The agreement will see personal and commercial loans, which are both performing and non-performing, sold to Elmscott Property Finance DAC.

Ulster Bank agrees deal to sell most remaining loans

Ulster Bank has agreed a deal to sell its remaining residual portfolio of loans, worth almost €700m, as part of its exit from the Republic of Ireland.

Business • 30 Aug 23

Permanent TSB said its three-year fixed term deposit rate rise from 2% to 3% from next month

Permanent TSB latest bank to increase deposit rates

Permanent TSB has become the latest bank to up its interest rates on certain savings products.

Business • 30 Aug 23

The union said the agreement will allow its manager members to collectively negotiate their pay and working terms and conditions with their employer.

Union recognition agreed for managers at PTSB

The Financial Services Union (FSU) and Permanent TSB have agreed union recognition and collective bargaining for managers in the bank.

Business • 22 Aug 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

The bank has sold most of its assets to Permanent TSB and AIB

First half losses up at Ulster Bank as exit continues

Ulster Bank recorded an operating loss of £295m over the first six months of the year in the Republic of Ireland, as it continued to wind down its operations.

Business • 28 Jul 23

The bank blamed the ongoing increase in interest rates by the European Central Bank

PTSB to increase new fixed mortgage rates

Permanent TSB is to increase interest rates for certain new fixed rate mortgages by up to 0.5%.

Business • 28 Jul 23

Head of Permanent TSB Asset Finance Colm Furlong, Permanent TSB Chairperson Julie O'Neill and the bank's CEO Eamonn Crowley

Permanent TSB completes deal for Ulster Bank assets

Permanent TSB has completed the deal for the purchase of €6.75 billion of Ulster Bank assets with the completion of the final migration of the Lombard asset finance business of Ulster Bank Ireland.

Business • 24 Jul 23

Permanent TBS's new deposit rates will take effect from 9 August

Permanent TSB to increase rates for deposit accounts

Permanent TSB is set to increase the rates it pays to depositors from 9 August.

Business • 21 Jul 23

The bank's standard variable rate is to climb by 0.35% to 4.3% from 31 July.

Permanent TSB to hike variable mortgage rates

Variable rate mortgage customers of Permanent TSB are to see the rates they are paying increase by between 0.05% and 0.4%.

Business • 20 Jun 23

David Guinane worked for Permanent TSB for over 25 years

Ex-PTSB CEO Guinane subject to tracker mortgage inquiry

The Central Bank of Ireland has confirmed that David Guinane, former chief executive of Permanent TSB will be put forward for public inquiry in relation to the tracker mortgage controversy.

Business • 16 Jun 23

NatWest took a near 17% share in the bank as part of Permanent TSB's acquisition of around €7.6 billion of loans and assets from NatWest's Irish unit Ulster Bank

State and NatWest sell 10% of Permanent TSB

The Department of Finance and Britain's NatWest Group said today they had jointly sold 54.6 million shares in Permanent TSB - representing 10% of the bank's share capital.

Business • 02 Jun 23

Permanent Tsb