PTSB announces interim 2026 results
Underlying profit before tax rose 34% to €68 million, with total income up 7% and operating expenses down 1%.
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Irish retail and SME bank
permanenttsbgroup.ieLast updated
In short: PTSB shareholders and competition regulators approved a €1.62bn takeover by Austrian lender BAWAG as the bank reported strong earnings.
Underlying profit before tax rose 34% to €68 million, with total income up 7% and operating expenses down 1%.
Revenue grows 10%, cost/income ratio falls to 72%, asset quality strong. BAWAG Group offers 297 cents per share. Mortgage share c. 19%.
The award recognizes their Home Upgrade Tool, which helps customers estimate retrofit costs, explore options, and understand grants. They were also nominated in two other categories.
Reports underlying profit before tax of €175 million, 6% deposit growth, 3% mortgage book increase, and proposes first dividend since 2008.
PTSB received approval from over 91% of shareholders to proceed with the cash offer to acquire the bank.
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A number of minority shareholders have criticised the deal, claiming that PTSB is essentially selling itself too cheaply...
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