Eamonn Crowley

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

Tue Oct 29 2024 - 07:47

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

Thu Aug 01 2024 - 07:58

‘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

Wed May 08 2024 - 07:39

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

Fri Mar 29 2024 - 06:00

PTSB faces battle to offer mortgages on same footing as larger rivals

Next task will be to reduce capital it holds against new loans

Tue Dec 19 2023 - 06:00

PTSB shares fall as mortgage market share dips and broker cuts forecast

Bank says that some mortgage customers coming off fixed-rate periods are now opting for variable rates for the first time in years

Wed Oct 25 2023 - 08:02

Irish banker pay cap poses ‘systemic risk’ for sector, lobby chief warns

Retention of talent cited as key issue as overseas lenders and fintech disrupt market

Wed May 04 2022 - 17:16

PTSB new lending grows 11% in first three months of 2022

Bank agrees a 6.5% pay increase over two years for employees, amid soaring inflation

Tue May 03 2022 - 07:50

Permanent TSB named as title sponsor for Ireland’s Olympic and Paralympic teams

Bank likely to invest more than €5m in sponsorship for the Paris 2024 games

Thu Mar 10 2022 - 11:01

Permanent TSB announces new €1bn loan fund for SMEs

Bank also joins the Government’s Brexit Impact Loan Scheme to lend to firms

Mon Jan 24 2022 - 14:00

Joe Brennan: NatWest and Irish taxpayers will be joined at the hip in PTSB

Irish lender needs €400m of fresh capital to support its purchase of Ulster Bank loans

Fri Dec 17 2021 - 15:47

Permanent TSB appoints new interim chief financial officer

Head of risk governance and strategy Declan Norgrove steps into role immediately

Thu Nov 25 2021 - 07:26

Permanent TSB’s lending rises as its non-performing loans fall

Bank increases share of new mortgage market

Thu Oct 28 2021 - 08:29

Bankers’ pay low on political agenda

Despite the grumbles, pay restrictions look set to remain in place for the foreseeable

Tue Sept 28 2021 - 05:32

Are Central Bank mortgage rules containing home prices or fuelling crisis?

Lack of supply and undeveloped rental market key factors in house price growth

Fri Sept 24 2021 - 05:45

Eamonn Crowley grabs chance to make PTSB a real banking force

Agenda: After existential threats, Permanent TSB is focused on growing its income base

Fri Aug 06 2021 - 05:31

PTSB sees Ulster Bank deal boosting profit returns by 50%

Bank’s net loss narrows in first half as loan impairment charge falls to €3m from €75m a year earlier

Wed Jul 28 2021 - 17:51

PTSB now has a fighting chance of delivering returns that will allow a Government exit

Joe Brennan: Ulster Bank deal puts a fair wind behind embattled lender

Sat Jul 24 2021 - 05:30

AIB in talks to buy Ulster Bank’s €6.5bn tracker loans

Sources say debt expected to be bought at discount due to low returns

Fri Jul 23 2021 - 12:55

Ulster Bank owner may take Permanent TSB stake in loans deal

PTSB aims to use ‘badwill’ accounting operation to reduce need for fresh cash for deal

Fri Jun 25 2021 - 06:37

PTSB chief says talks on Ulster deal remain ‘constructive’

Discussions have not reached stage of a memorandum of understanding

Wed Jun 23 2021 - 15:17

Q&A: Why is the Government planning to sell Bank of Ireland shares?

Exiting holdings in the banks has been a long-stated objective

Wed Jun 23 2021 - 13:05

Investors have ‘immense’ interest in backing Ulster Bank deal

PTSB CEO says it will approach State and stock market for cash to seal deal if necessary

Wed May 19 2021 - 16:22

Losses run to €166m at Permanent TSB in 2020

Home loans up in second half as share of new mortgages in Republic tops 15%, says bank

Wed Mar 03 2021 - 07:53

State faces pumping more money into banking as Ulster Bank exits

AIB and PTSB shares soar as they eye parts of Ulster Ban k’s €20 billion loan boo k

Fri Feb 19 2021 - 11:01

Union accuses Ulster Bank of treating its staff ‘very shabbily’

Financial Services Union says bank staff must have option to move with their work

Fri Feb 19 2021 - 08:27

PTSB and AIB set to disclose Ulster Bank loan book talks

State holds majority share in both banks and may see PTSB as ‘third force’

Thu Feb 18 2021 - 18:40

PTSB circles Ulster Bank SME business as decision looms

Parent group NatWest looking to wind down Irish unit as part of strategic review

Fri Jan 29 2021 - 05:00

White knights or loan book cannibals – what will happen at Ulster Bank?

Yet another review likely to decide if lender has a future in Irish market

Fri Nov 27 2020 - 05:21

Parents worried parental leave will damage career prospects

Remote working seen as another potential obstacle to career progression research finds

Mon Nov 23 2020 - 12:10

Permanent TSB needs to scale up to succeed

Lender has been dogged consistently by the lowest level of profitability in Irish banking

Sat Nov 07 2020 - 06:58

PTSB to cut 300 jobs in cost-saving drive

AIB, Bank of Ireland, Ulster Bank and KBC Ireland also reducing numbers

Fri Nov 06 2020 - 17:09

PTSB’s Covid-19 loan loss provisions rise to €87m

Bank continues to monitor impact of Covid-19 on borrowers

Tue Nov 03 2020 - 16:03

PTSB plays down Ulster Bank talk as it sells €1.4bn of loans

Buyer of the mortgages, Citigroup, will refinance the buy-to-let loans on bond market

Tue Oct 27 2020 - 07:28