10 things we learned from Permanent TSB results

Underlying profits jumped to €188m, but shareholders must wait for dividend

8th March, 2017
2
Permanent TSB says deleveraging now complete. Pic: Rollingnews.ie

Permanent TSB has reported an improvement in its underlying profits last year, though it still ended in the red overall due to losses on the sale of assets and restructuring costs.

The bank, which is almost 75 per cent state-owned, reported a pre-tax profit of €188m before exceptional items in 2016, a big increase on the €26m recorded in 2015. This included €29m from the sale of Visa Europe, in which it had a stake.

...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Analysis: Homeworking legislation needs careful framing for best results

The Profile: Alexei Navalny, Russian opposition leader

Off Message: Putting the con in conspiracy

John Gibbons: Climate science has long been the victim of ‘fake news’ obscuring uncomfortable truths