PTSB’s Crowley euphoric after ‘transformative’ €7.6 billion deal

The capture of a huge tranche of Ulster Bank’s assets is set to increase Permanent TSB’s mortgage book by about 40 per cent and expand its branch network by one-third

19th December, 2021
PTSB’s Crowley euphoric after ‘transformative’ €7.6 billion deal
Eamon Crowley, chief executive, PTSB: ‘I announced this morning a decisive step forward in transforming the bank – that transformation has been going on for years, but this is a really, really important step forward.’ Picture: Fergal Phillips

Eamon Crowley had been waiting for last Friday to roll around for months.

As the Permanent TSB chief executive spoke down the line to reporters hastily convened to hear his news, the joy in his voice was undiminished by the crackly reception.

“This is an exciting day for Permanent TSB,” he said. “I announced this morning a decisive step forward in transforming the bank – that transformation has been going on for years, but this...

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