Increased bank levy to have ‘less impact’ on PTSB as focus shifts to deposits
PTSB will be hit by the higher levy but initial analysis suggests it will be saved the worst of the impact
The government’s decision to more than double the bank levy to €200 million will affect Permanent TSB less than its larger peers Bank of Ireland and AIB, it’s been claimed.
Michael McGrath, the Finance Minister, on Tuesday announced a “revised bank levy” for 2024, which aims to raise €200 million over the next year compared to €87 million last year.
Peter Vance, the chief operating officer at PTSB, said the bank’s initial analysis was that ...