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Aug 17 2020, 07:15 IST/BST
permanent tsb Group
Forecast update post H1
- Sectors : Banks
- Companies : permanent tsb Group
DAVY VIEW
PTSB adopted a conservative approach to H1 with front-loaded higher impairment charges and a cautious treatment of uniquely higher risk-weights on loans subject to payment breaks. This should provide a level of insulation into H2 2020. Looking further forward, there is upside evident from both commercial lending and efficiency initiatives which may become more apparent with FY 2020 results. We retain our 70c price target.
