News | Latest Breaking News Stories & Headlines

Permanent TSB had no comment to make on the development

State to sell 3% of its stake in Permanent TSB

The Minister for Finance is to sell 3% of the State's stake in Permanent TSB.

Permanent TSB to increase rates on deposit accounts again from June 20

Permanent TSB increases rates for deposit accounts

Permanent TSB said today it would increase the interest rates paid to depositors, becoming the latest bank to pass on more of the ECB interest rate increases to its savers.

Business • 18 May 23

The new Ulster Bank mortgage loans increase Permanent TSB's mortgage book by about 4%

Permanent TSB completes deal for Ulster Bank mortgages

Permanent TSB has completed a deal to buy the performing non-tracker residential mortgage portfolio of Ulster Bank here after the transfer of about 8,000 mortgage loan accounts to the bank.

Business • 15 May 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

The lender has declined to publicly put a value on the entire portfolio.

Ulster Bank starts process to sell off remaining loans

Ulster Bank has begun the process of disposing of its remaining portfolio of loans, made up in the main of non-performing exposures.

Business • 17 Apr 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

The bank said debt write down is not offered as a forbearance solution

800 BoI customers had some debt written down since 2016

Bank of Ireland has told an Oireachtas committee that since 2016 around 800 of its customers experiencing financial difficulty have had an element of their outstanding mortgage debt written down following the sale of the property held as security.

Business • 24 Mar 23

Bank of Ireland was at the centre of ten such cases, one more than the institution with the next highest number, Permanent TSB

Ten complaints against BOI upheld by ombudsman

Bank of Ireland Group had more complaints against it upheld, substantially upheld or partially upheld by the Financial Services and Pensions Ombudsman last year than any other financial services provider.

Business • 24 Mar 23

It is the third time since July that PTSB has increased its mortgage interest rates

PTSB to increase new fixed mortgage rates by 0.75%

Permanent TSB is to increase its interest rates for new fixed rate mortgages by a further 0.75% from tomorrow.

Business • 08 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

Permanent TSB's deal for Ulster Bank's 'Business Direct' loan book is now complete

PTSB completes deal for Ulster Bank's SME loan book

Permanent TSB said today it has completed a deal to buy Ulster Bank's "Business Direct" loan book after the transfer of about 3,200 loan accounts to the bank.

Business • 13 Feb 23

Olympic Champion Kellie Harrington and wife Mandy Loughlin at the launch of Permanent TSB's joint digital current account

Permanent TSB launch new joint digital current account

Permanent TSB has today launched the bank's new joint digital current account, which makes it easier for new customers to open a joint current account digitally through its mobile app.

Business • 10 Feb 23

From tomorrow fixed rates on new mortgages being taken out for the first time or switched to both AIB and Haven will go up

AIB first mortgage lender to raise rates after ECB hike

AIB Group has become the first mortgage lender in Ireland to increase rates following today's interest rate rise by the European Central Bank.

Business • 02 Feb 23

Permanent TSB's Head of Retail Distribution Eddie Kearney, Territory Sales Manager Chris Costello and Retail Banking Director Patrick Farrell pictured outside the new Permanent TSB Swords branch

Permanent TSB opens in former Ulster Bank branches

24 former Ulster Bank branches have been reopened as Permanent TSB banks today.

Business • 01 Feb 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 to raise new fixed mortgage rates again

Permanent TSB has become the latest mortgage provider to increase its interest rates.

Business • 13 Jan 23

The remaining 63 branches will close permanently later this year

First Ulster Bank branches close before PTSB rebrand

The first tranche of Ulster Bank branches to close as part of the bank's withdrawal from the Irish market have shut their doors today.

Business • 06 Jan 23

Two thirds of consumers plan to put at least some money aside on a regular basis this year

Savings plan - 65% plan to save regularly in 2023

The announcement by Amazon of major layoffs comes as the cost of living crisis sees customers cut back on spending.

Business • 05 Jan 23

Major change the predominant theme in banking in 2022

If 2021 was an earthquake year in Irish banking, when two banks stunned consumers by announcing plans to leave the market, then 2022 might best be characterised as a year of aftershocks.

Business • 27 Dec 22

Around three quarters of the population have experienced an attempted financial fraud, according to PTSB's research

Over 65s less likely to be victims of financial fraud

People aged under 45 are more likely than older people to fall victim to financial fraud, according to Permanent TSB in its latest research on consumer attitudes and perceptions.

Business • 23 Nov 22

Permanent TSB said the changes come after three interest rate increases from the ECB in recent months

Permanent TSB to raise fixed mortgage and deposit rates

Permanent TSB is to increase its interest rates including fixed term mortgage interest rates and deposit rates from today.

Business • 18 Nov 22

PTSB will open the new branches in January and February of next year after the €25m rebranding and refurbishment programme

Permanent TSB invests €25m in Ulster Bank branches

Permanent TSB has today announced details of its €25m investment programme to open 25 former Ulster Bank branches across the country.

Business • 14 Nov 22

Permanent TSB's outlook more favourable than expected

Permanent TSB said it has opened more than 100,000 new current accounts and 35,000 new deposit accounts so far in 2022.

Business • 11 Nov 22

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

The bank said the payment will be made to staff from Level 2 to Level 5 inclusive

PTSB staff to receive €1,000 voucher

Permanent TSB is to give its staff €1,000 each in recognition of the current cost of living pressures they face.

Business • 28 Oct 22

Permanent Tsb