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Saturday 1 April 2023 Dublin: 8°C

# PTSB

Last month
March 2023
# Interest Rates
Permanent TSB is increasing its new fixed mortgage rates by 0.75%
The changes announced today follow five rounds of interest rate increases from the European Central Bank.
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Mar 7th 2023, 4:27 PM
Last year
2022
Restoring bankers bonuses and removing pay caps an 'insult' to working families, Dáil hears
The decision was criticised by Social Democrats co-leader Róisín Shortall.
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39
Dec 1st 2022, 1:40 PM
# Redundancy
Ulster Bank opens redundancy programmes that will see 600 staff leave from March
Further redundancy programmes are expected to open next year and beyond.
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Nov 16th 2022, 1:12 PM
# Banking
Ulster Bank to write to personal credit card holders to remind them to close accounts
Ulster Bank credit cards will no longer work from March 2023.
13.8k
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Aug 9th 2022, 1:05 PM
# PTSB
Permanent TSB apologises after 'technical issues' meant some customers didn't get wages
The issue has since been resolved.
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Jan 29th 2022, 12:11 PM
All time
# PTSB
Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches
The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.
14.8k
12
Dec 17th 2021, 10:21 AM
# The Banks
Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending
The 75% State-owned bank took a loan impairment charge of €155 million.
10.6k
18
Mar 3rd 2021, 8:31 AM
# The Banks
Central Bank to ensure Ulster Bank customers are treated fairly, as it moves to pull out of Ireland
The bank is already in discussions with PTSB over the sale of Irish assets.
Ulster Bank said this morning that the move won’t mean an immediate change for customers
Staff are "deeply disappointed" by the decision to wind down Ulster Bank in Ireland
Minister for Finance Paschal Donohoe called it a "difficult day" from an Irish banking perspective and for Ulster Bank staff
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Updated
Feb 19th 2021, 7:22 PM
# might fine
Permanent TSB fined record €21 million over tracker mortgage scandal
PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.
37.3k
60
May 30th 2019, 2:07 PM
# irish banking culture board
'It won't happen overnight': Launch of new body to improve culture in Irish banks
The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.
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Apr 15th 2019, 10:06 AM
# Housing Crisis
PTSB boss says it has 500 vacant properties on its books
Fianna Fáil’s Michael McGrath described the figure as ‘extraordinarily high’.
24.0k
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Apr 9th 2019, 7:33 PM
# tax loophole
High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds
Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.
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Mar 23rd 2019, 8:30 AM
# Great Irish Sell Off
Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
The Bill puts into law what already exists at the moment as a voluntary Central Bank code
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76
Updated
Jan 31st 2019, 6:14 PM
# sell off
Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
25.7k
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Dec 28th 2018, 6:30 AM
# Mortgage Arrears
It took 9 consecutive questions for bank execs to admit €1.3bn mortgage 'vehicle' won't pay tax
Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle.
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Dec 6th 2018, 7:04 PM
# Sold
PTSB transfers thousands more of its customers to vulture fund servicer
Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.
40.2k
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Nov 29th 2018, 5:08 PM
# Your Say
Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?
It’s worried that staff at Irish banks could be attracted by more lucrative job offers.
29.2k
84
Sep 27th 2018, 9:53 AM
# Wage cap
Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff
The finance minister said State-owned banks are finding it difficult to retain staff due to wage competition.
25.9k
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Sep 27th 2018, 6:20 AM
# Vulture funds
Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.
7.3k
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Sep 6th 2018, 6:15 AM
# Vulture funds
Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
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Sep 4th 2018, 6:40 PM
# sell off
'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
44.1k
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Aug 18th 2018, 6:30 AM
# where's paschal?
'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales
Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.
16.6k
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Aug 14th 2018, 7:31 PM
# sell off
'Where's Paschal?': Calls for political leadership as PTSB mortgage sale to vulture fund to proceed
The bank has confirmed that performing loans and customers who have engaged will also be sold off.
19.4k
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Aug 8th 2018, 6:34 PM
# Interview
Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.
48.5k
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Aug 6th 2018, 6:05 AM
# Start Mortgages
PTSB defends timing of letters to homeowners about mortgage sale to vulture fund
The announcement was made about the loans earlier this week – and it has since emerged that the portfolio included performing loans.
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40
Aug 5th 2018, 6:00 AM
# sell off
Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
39.3k
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Aug 1st 2018, 9:57 AM
# sell off
PTSB sells thousands of home loan mortgages to vulture fund
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
39.8k
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Jul 31st 2018, 8:10 PM
# wrong side of the tracks
'It's a bit scary' - in the buildup to Brexit, cross-border mortgages are looking increasingly hard to come by
Those working in the North and living in the Republic have limited options at present when it comes to mortgage finance.
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Apr 2nd 2018, 7:00 PM
# News Fix
Here's What Happened Today: Saturday
A murder investigation in Sligo, Fianna Fáil’s rising popularity and the death of British actress Emma Chambers…
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Feb 24th 2018, 8:02 PM
# Vulture funds
PTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
17.0k
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Feb 24th 2018, 7:35 AM
# vultures
Dealing with a vulture fund - how these families have coped
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
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Feb 24th 2018, 12:05 AM
# Vulture funds
Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
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Feb 22nd 2018, 4:02 PM
# Vulture funds
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
23.7k
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Feb 21st 2018, 3:44 PM
# political battle
'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off
The proposed sell-off has become the subject of a political battle in recent days.
39.4k
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Feb 20th 2018, 8:42 PM
# fire sale
'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
PTSB, which is 75% owned by the State, states it is selling off non-performing loans.
21.5k
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Feb 15th 2018, 1:52 PM
# Expert Opinion
More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate
Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.
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Oct 13th 2017, 12:05 AM
# Justice
Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown
A number of customers affected by the error shared stories today of the hardship it caused.
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Oct 12th 2017, 3:37 PM
# bailed-out banks
PTSB says it won't pay corporation tax over the next 21 years
PTSB said the “accounting principle” is something it is obliged to comply with.
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Sep 28th 2017, 12:52 PM
# Unite
PTSB employees vote overwhelmingly in favour of industrial action
Unite trade union members at the bank have rejected a Labour Court pay recommendation.
13.1k
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Dec 13th 2016, 7:32 PM
# it error
Double mortgage payments taken from some Permanent TSB customers
It’s understood that around 300 customers were affected.
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Dec 5th 2016, 7:28 PM
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