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Permanent TSB Group Holdings PLC - Dublin-based bank - Says it has made a ‘positive start to 2026’ ahead of its €1.62 billion takeover by Vienna-based lender Bawag Group AG. Total operating income increases by 10% in the first quarter from a year before and by 6% on an underlying basis, while total operating costs rise by 6%, or by 1% on an underlying basis. Permanent doesn’t provide the actual figures for these in its trading update on Friday, only the percentage changes. Guidance for 2026 remains unchanged. Gross loans outstanding total €22.7 billion, while customer deposits total €25.6 billion, both up 3% on year. Net interest margin is 2.13%, up 10 basis points. There is no bad loan impairment charge for the first quarter. Permanent TSB’s pro-forma CET 1 ratio stands at 17.9%. ‘We believe new ownership as part of a pan-European and US banking group will support the next phase of PTSB’s growth, while strengthening our role as a pillar bank in the Irish retail banking market and deliver an even better experience for our customers,’ Chief Executive Eamonn Crowley says of the bank’s sale to Bawag, which resulted from a formal sale process launched by Permanent TSB back in October. Current stock price: €2.92, compared to €2.97 takeover offer 12-month change: up 72% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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