Sunday March 29, 2020

Noonan: PTSB can raise its own capital if necessary

Finance Minister Michael Noonan said last night that if Permanent TSB needs to raise capital after the European stress tests later this month, it can do so in the markets.

15th October, 2014
PTSB is the most at risk of failing ECB stress tests later this month

Finance Minister Michael Noonan said last night that if Permanent TSB needs to raise capital after the European stress tests later this month, it can do so in the markets without upsetting state finances.

“Permanent TSB is strong, very well managed and becoming profitable again,” Noonan said. “If they require extra capital, they’re strong enough to get the small amounts of capital they require in the markets, so we don’t see any risk to taxpayers.”...

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