Five key takeaways from the PTSB half-year results

The bank’s €9 million pre-tax loss for the first six months of 2021 was much less than the €30 million some had predicted, while it has grown its share of the SME and mortgage markets

28th July, 2021
Five key takeaways from the PTSB half-year results
Permanent TSB reduced its stock of non-performing loans by €100 million to €1 billion over the past six months

Having signed a memorandum of understanding to acquire €7.6 billion of Ulster Bank’s assets last week, Permanent TSB this morning published results for the first half of the year. Here are five things we learned:

1. PTSB made a loss but it wasn’t as big as some had expected

The bank recorded a €9 million pre-tax loss for...

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