Friday June 5, 2020

Permanent TSB lending picks up, but challenges ahead

Bank faces intense competition and increased regulatory costs

10th November, 2016
Jeremy Masding, group chief executive, Permanent TSB Pic: Fennells

Chief executive Jeremy Masding hailed the sale as a “milestone event” for the bank, as it completed a programme set out by the European Commission under PTSB’s restructuring plan.

PTSB, which is still majority-owned by the state, now intends to focus on its Irish banking activities, particularly the retail and business markets.

The bank said it traded in line with expectations in the third quarter of the year, adding that it...

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