PTSB on track to press for firm expressions of bid interest in January
While bank’s shares have pulled back in past month, the sale is said to have attracted solid initial interest
Eamonn Crowley
Paschal Donohoe must use PTSB sale to find owner with vision – not just a red pen
Government and consumers need a buyer that can turn Ireland’s third bank into a real competitor for AIB and Bank of Ireland
PTSB says it remains on course for 2026 dividend despite 38% fall in profit
Fall in net interest income and rising costs hit bottom line despite growth in loans and deposits
PTSB chief praises takeover target Finance Ireland at historically short AGM
Price in excess of €300m estimated in order to secure deal with PTSB still keen
PTSB share of mortgage lending tops 20% amid ‘good start to year’
Bank says it has priced its loans more competitively in the past year
Can PTSB and Pimco bridge gap on Finance Ireland value to secure a deal?
Lender would be expected to pay more than €300m to get Pimco, M&G and management to bite
PTSB attempts to buy nonbank lender Finance Ireland
Finance Ireland is 51% owned by US investment management giant Pimco
PTSB prices up to 15% tariffs in bad loans provisioning
Bank plans to start talks with Government and NatWest this year on buying back some of their shares
PTSB names Barry D’Arcy as chief financial officer
Former bank CFO, Nicola O’Brien, quit to join UK online banking group Monzo
PTSB opens redundancy scheme that could see hundreds leave bank
Initiative comes after programme for senior mangers aimed at cutting 20 positions
PTSB eyes cost cuts as interest rates fall faster than expected
PTSB’s share of new Irish mortgage lending rose to 16.3% in the third quarter from 13.5% for the first six months of the year
PTSB’s mortgage market share creeps up from 2023 low
Bank reports a ‘strong pipeline of activity’ as profits in first half treble to €75m, beating expectations
‘Strong’ start for PTSB but mortgage market share dips
Rise in net interest income helps bank to 9% increase in total operating income in first quarter of the year
Mediation sought to broker pay deal between PTSB and unions
Unite submitted a pay claim for 13% for 2024 last year after the lender returned to post-Covid profitability
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