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Permanent TSB Group Holdings PLC (IL0A.I)

IL0A.I on Irish Stock Exchange

0.70EUR
4 Dec 2020
Change (% chg)

€-0.01 (-1.13%)
Prev Close
€0.71
Open
€0.72
Day's High
€0.78
Day's Low
€0.70
Volume
165,130
Avg. Vol
263,454
52-wk High
€1.19
52-wk Low
€0.40

Latest Key Developments (Source: Significant Developments)

Ireland's ptsb sees added forbearance for 1,500-2,000 loan breaks
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - :CEO OF IRELAND'S PTSB SAYS WOULD NOT RULE ANYTHING IN OR OUT ABOUT PLANS FOR NPL PORTFOLIO.CEO OF IRELAND'S PTSB SAYS TRANSACTION REDUCES NET INTEREST MARGIN BY 3 BASIS POINTS.CEO OF IRELAND'S PTSB SAYS BELIEVES TRANSACTION WILL BE SUPPORTIVE OF NIM IN MEDIUM TERM.CEO OF IRELAND'S PTSB SAYS BANK HAS ESTIMATED 1,500-2,000 LOAN ACCOUNTS MAY NEED ADDITIONAL FORBEARANCE COMING OUT OF EXTENDED BREAKS.  Full Article

Irish bank PTSB sells buy-to-let portfolio for 1.2 billion euros
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB GROUP PERMANENT TSB PLC - SALE OF BUY TO LET LOAN PORTFOLIO.AGREED SALE OF A PORTFOLIO OF PERFORMING BUY-TO-LET ORIGINATED LOAN ACCOUNTS TO CITIBANK NA LONDON.CITI INTEND TO SYNDICATE PORTFOLIO VIA SECURITISATION FOLLOWING COMPLETION OF ACQUISITION.TERMS AND CONDITIONS OF INDIVIDUAL LOAN ACCOUNTS ARE UNAFFECTED BY THIS TRANSACTION, AND WILL CONTINUE TO APPLY.TRANSACTION INVOLVES SALE OF A POOL OF C. 3,700 BTL LOAN ACCOUNTS.NO LOAN ACCOUNTS HAVING RECEIVED A PAYMENT MORATORIUM DUE TO COVID 19 ARE INCLUDED IN TRANSACTION.PORTFOLIO HAS A GROSS BALANCE SHEET VALUE OF C. EUR 1.4 BILLION, A NET BOOK VALUE OF C. EUR 1.2 BILLION.AT COMPLETION, PTSB WILL RECEIVE A CONSIDERATION OF C. EUR 1.2 BILLION.TRANSACTION WILL INCREASE BANK'S TRANSITIONAL COMMON EQUITY TIER 1 (CET1) RATIO BY C. 190 BASIS POINTS.TRANSACTION WILL SEE AN INCREASE IN BANK'S NPL RATIO FROM C. 7% TO C. 7.7%.TRANSACTION WILL INCREASE BANK'S TRANSITIONAL TOTAL CAPITAL RATIO BY 2.1%.  Full Article

Permanent TSB Group Appoints Paul Mccann As Interim CFO
Friday, 25 Sep 2020 

Sept 25 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB GROUP PERMANENT TSB PLC - APPOINTMENT OF INTERIM CFO.PERMANENT TSB GROUP HOLDINGS PLC - APPOINTED PAUL MCCANN AS INTERIM CHIEF FINANCIAL OFFICER (CFO) EFFECTIVE IMMEDIATELY.  Full Article

Permanent TSB Sells Non-Performing Loan Portfolio For 264 Mln Euros Cash
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB GROUP PERMANENT TSB PLC - SALE OF NON-PERFORMING LOAN PORTFOLIO.PERMANENT TSB GROUP HOLDINGS PLC - AT COMPLETION, PTSB WILL RECEIVE CASH CONSIDERATION OF EUR 264 MILLION.PERMANENT TSB GROUP HOLDINGS PLC - PORTFOLIO HAS A GROSS BALANCE SHEET VALUE OF EUR 506 MILLION AND A NET BOOK VALUE OF C. EUR 274 MILLION..PERMANENT TSB GROUP - TRANSACTION WILL REDUCE OVERALL NPL RATIO AT PTSB FROM ABOUT 10% - 7%, INCREASE COMMON EQUITY TIER 1 RATIO BY ABOUT 30BPS.  Full Article

Permanent TSB Group Fined EUR 21 Mln In Tracker Enforcement Investigation
Thursday, 30 May 2019 

May 30 (Reuters) - Permanent TSB Group Holdings PLC ::CONCLUSION OF TRACKER ENFORCEMENT INVESTIGATION.CENTRAL BANK OF IRELAND CONCLUDED ITS ENFORCEMENT INVESTIGATION IN RESPECT OF TRACKER MORTGAGES AT PTSB.BANK HAS AGREED TO PAY A FINE OF EUR 21M.FINE OF EUR 21M REFLECTS GROSS FINE OF EUR 30M REDUCED BY 30% IN ACCORDANCE WITH EARLY SETTLEMENT DISCOUNT SCHEME.FINANCIAL IMPACT OF FINE WILL BE A SMALL CHARGE IN 2019 FINANCIAL ACCOUNTS IN PRIOR YEARS.  Full Article

Ireland's PTSB reports positive trends in Q1
Thursday, 9 May 2019 

May 9 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB - Q1 NET INTEREST MARGIN 1.79 PERCENT VERSUS 1.78 PERCENT AT END-DEC.PERMANENT TSB - FULLY LOADED COMMON EQUITY TIER 1 RATIO 14.3 PERCENT IN Q1 VERSUS 14.0 PERCENT END-DEC.PERMANENT TSB - BUSINESS AND FINANCIAL PERFORMANCE CONTINUES TO TREND POSITIVELY IN LINE WITH EXPECTATIONS.PERMANENT TSB - Q1 NEW LENDING VOLUMES 0.3 BILLION (UP 25 PERCENT Y/Y), MARKET SHARE NEW MORTGAGE LENDING 15.1 PERCENT.PERMANENT TSB - NON-PERFORMING LOANS REDUCED IN THE FIRST QUARTER OF 2019; EXPECT TREND TO CONTINUE FOR THE REST OF THE YEAR.PERMANENT TSB - COMMITTED TO REDUCING THE NPL RATIO TO MID SINGLE DIGITS IN THE MEDIUM TERM.PERMANENT TSB - WHILE THE IMPAIRMENT TREND DURING THE QUARTER WAS FAVOURABLE TO EXPECTATION, WE CONTINUE TO REVIEW OUR PROVISIONING LEVEL.PERMANENT TSB - Q1 OPERATING COSTS WERE IN LINE WITH EXPECTATIONS; TOTAL PERFORMING LOAN BOOK AT END Q1 IN LINE WITH END OF FY.  Full Article

PTSB expects central bank fine over tracker mortgages - CEO
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB CEO SAYS EXPECTS CENTRAL BANK FINE OVER TRACKER MORTGAGE INVESTIGATION.  Full Article

PTSB CEO eyes low single digit NPL ratio by next year
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB CEO SAYS WOULD LIKE TO SEE NPL RATIO IN LOW SINGLE DIGITS IN A YEAR'S TIME IF WE CAN.  Full Article

Ireland's ptsb grows FY underlying profits, lending volumes
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Permanent TSB Group Holdings PLC ::PERMANENT TSB - FY PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX UP 45 PERCENT Y/Y TO 94 MILLION EUR.PERMANENT TSB - FY IMPAIRMENT CHARGE OF 17 MILLION EUR, NOT DIRECTLY COMPARABLE WITH 2017 CHARGE BUT IN LINE WITH EXPECTATIONS.PERMANENT TSB - FY NET INTEREST MARGIN 1.78 PERCENT VERSUS 1.77 PERCENT END-SEPT, TO REMAIN STABLE IN 2019 DESPITE EXPECTED LOWER GROSS INTEREST INCOME.PERMANENT TSB - FULLY LOADED CET1 RATIO 14.0 PERCENT FOLLOWING COMPLETION OF NPL SALE IN FEB VERSUS 13.9 PERCENT END-SEPT.PERMANENT TSB - NEW LENDING VOLUMES UP BY OVER 40 PERCENT Y/Y, IRISH MORTGAGE MARKET SHARE 15.1 PERCENT.PERMANENT TSB - NON-PERFORMING LOANS FELL 68 PERCENT Y/Y TO 1.7 BILLION EUR, NPL RATIO NOW AT 10 PERCENT.PERMANENT TSB - OPERATING EXPENSES, INCLUDING BANK LEVY AND REGULATORY CHARGES, REMAINED BROADLY IN LINE WITH 2017.PERMANENT TSB CEO SAYS NOTWITHSTANDING GEOPOLITICAL UNCERTAINTIES MAINLY CAUSED BY BREXIT, WE REMAIN POSITIVE FOR 2019.PERMANENT TSB - PERFORMING LOAN BOOK IS EXPECTED TO GROW IN 2019 AFTER MODEST GROWTH IN H2.PERMANENT TSB - NPL RATIO EXPECTED TO CONTINUE TO REDUCE TOWARDS MID-SINGLE DIGIT IN THE MEDIUM TERM.PERMANENT TSB - OPERATING EXPENSES EXPECTED TO REMAIN BROADLY FLAT, WILL USE SAVINGS FROM NON-RECURRING PROJECTS ON DIGITAL TRANSFORMATION.  Full Article