
PTSB to reveal €550 million fundraising plan

Permanent TSB will this week lift the lid on plans to raise €500-€550 million from private investors to plug a capital shortfall in the loss-making bank.
The Sunday Business Post has learned that the bank’s long-awaited restructuring plan with the European Commission will be agreed in principle, triggering the start of a hunt to seek outside investment.
Independent journalism every day
With digital access you can read The Business Post whenever, wherever, and however you want.
- Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
- Breaking news, comment and analysis from the best Business Post writers seven days a week.
- Live blogs of major news events
- Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
- Access to The Business Post's extensive archive