Permanent TSB Acquiring Billions from Ulster Bank

Permanent TSB is planning to acquire €7.6 billion in mortgages and small business loans from Ulster Bank as part of the Bank’s phased departure from the Republic of Ireland. While this is only a portion of the €22 billion deposit book, this acquisition can turn Permanent TSB into a major player in the lending industry. …

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Central Bank Profits Decline in 2020

On Wednesday, June 2, the Central Bank of Ireland published the 2020 Annual Report and Annual Performance Statement. The bank reported a profit decline of 67% in 2020. These reports state that total profit fell €829.6 million from €2.56 billion in 2019. One of the major requirements of the Central Bank is to transfer 80% …

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