permanent tsb Group

Begins capital optimisation

  • Sectors : Banks
  • Companies : permanent tsb Group

Ratings and price correct at time of issue.

  • permanent tsb Group

    Closing Price: 232c

  • RATING 04/02/21

  • PREVIOUS RATING 06/03/19

    NEUTRAL

DAVY VIEW

The call of existing and the issuance of new Tier 2 notes mark the beginning of PTSB’s capital optimisation. While we await the outcome of the mortgage IRB model review, meaningful increases in ROTE can also be achieved in the medium term from right fitting its capital structure and aligning more closely with capital requirements.

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Sep 16 2025, 08:14 IST/BST

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