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Permanent TSB Launches Formal Sale Process to Find New Owner

Investor demand prompted the board to seek a long-term private owner.

Overview

  • Goldman Sachs has been appointed to run the process, while the Department of Finance hired Rothschild & Co and William Fry as its advisers.
  • Finance Minister Paschal Donohoe supports the move, with the State holding about 57% of the bank and standing to recoup crisis-era funds.
  • The bank said customer services and operations continue as normal during the sale process.
  • PTSB cited increased international interest in its shares and strong take-up of a recent Green Tier 2 issue as key factors in its decision.
  • A Q3 2025 update showed deposits up 7%, the mortgage book up 4%, and business banking up 11%, with the bank’s equity valued at about €1.3 billion.