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Davy Research

permanent tsb Group

Capital accretive NPL transaction

Jul 19 2024, 16:53 IST/BST
Diarmaid Sheridan
Company Report
6 page(s)

Sectors : Banks

Companies : permanent tsb Group

Ratings and price correct at time of issue.

permanent tsb Group

Closing Price: 144c
RATING 04/02/21
OUTPERFORM
PREVIOUS RATING 06/03/19

NEUTRAL

Person's Name

Diarmaid Sheridan

Analyst

DAVY VIEW

Permanent tsb Group (PTSB) has yet again successfully reduced its non-performing loan (NPL) ratio in a capital accretive manner, providing greater capital headroom for both new lending opportunities and its capital distribution policy, which is expected to be communicated with the H1 results.

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Jul 19 2024, 16:53 IST/BST