Permanent TSB
Government and UK bank sell two-thirds more of lender than had been expected
Business Today: the best news, analysis and comment from The Irish Times business desk
Each side is selling about 3 per cent of PTSB’s stock
Analysts expect the bank to raise its full-year forecasts when it reports interim results during the summer
Third rate rise since November 2022 brings bank’s main deposit account rates to 1%
Latest tranche comprises loans with a value of about €915m connected to some 11,000 customers
Minister has launched public consultation on levy, which was introduced in 2014 and due to come to end in December 2023
AIB and Bank of Ireland enjoy positive sentiment
Seen & Heard: Offshore wind auction, drop in foreign workers, new PTSB jobs and Michael McGrath’s rainy day fund
But bank saw decline in UK and international corporate lending during the period
Traders look to interest rate decisions later this week
PTSB expects mortgage market to grow 3% this year to €14.5 billion
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