Back from the brink: Permanent TSB emerges from wilderness to become third force in banking market

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

For a decade it reported accumulated losses of €3bn, but the acquisition of Ulster Bank’s €6.8 billion-worth of mortgages and business loans has transformed the ailing lender

There was a tangible sense of optimism in the main boardroom of Permanent TSB’s head office last week as Eamonn Crowley, the bank’s chief executive, unveiled a bumper set of half-year results the like of which the lender hasn’t reported since the height of the Celtic Tiger.

More than any other lender, the consolidation that has taken place in the Irish banking sector over the past two years has been utterly transformative for Permanent TSB, ...

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in FR

France Dernières Nouvelles, France Actualités