On 30 October 2025, the Board of Permanent TSB Group Holdings plc (“PTSB”) announced the commencement of a Formal Sale Process (“FSP”) for PTSB.
There is no impact to customers as a result of this announcement, and PTSB’s operations, products and services are unaffected by the Formal Sale Process.
Our customers can continue to avail of our products and services as normal, and our team of dedicated colleagues are available to support and service customers through our voice and digital channels, as well as through our network of 98 branches nationwide.
PTSB is an important part of the Irish retail banking market and, as always, customers can be assured of the safety and security of their funds, along with our continued focus to deliver exceptional customer experiences.
Having undergone a significant transformation in recent years, the Board is of the view that now is the right time to seek a new long-term owner for PTSB to support the next phase of PTSB’s growth and strategic development. The Minister for Finance of Ireland, PTSB’s largest shareholder, is supportive of this decision.
See below ‘frequently asked questions’ to support customers with queries you may have regarding the Formal Sale Process.
Q1: What is a Formal Sale Process (“FSP”)?
In commencing a Formal Sale Process, the Board of PTSB is inviting potential interested bidders to participate in a confidential process which, if successful, may result in a new owner for PTSB.
If the Formal Sale Process results in an offer for the entire issued share capital of PTSB, that offer would be subject to shareholder approvals and applicable regulatory consents.
There can be no certainty that the FSP will result in any offer or transaction being completed, nor as to the terms on which any offer or other transaction may be made.
The process is overseen by the Irish Takeover Panel and is subject to the Irish Takeover Rules.
Q2: Are customers impacted by this announcement? Do customers need to take any action?
No. There is no impact to customers as a result of this announcement, and there is no action required of customers. PTSB’s operations, products and services are unaffected by the announcement of the Formal Sale Process. PTSB will continue to support and service customers as normal.
Q3: Does the FSP mean that PTSB is exiting the Irish banking market?
No – PTSB is not exiting the Irish banking market. The Formal Sale Process, if successful, may result in a change in the ownership of PTSB. This Formal Sale Process is a positive development for PTSB and evidence that PTSB is in a position of strength in the Irish retail banking market.
Q4: Who owns PTSB currently?
PTSB is currently owned by a number of institutional and retail shareholders. The Minister for Finance of Ireland is PTSB’s majority shareholder at 57.4%, and The Minister for Finance of Ireland is supportive of the Board’s decision to commence the Formal Sale Process.
The Minister for Finance of Ireland believes that it is in the long-term interests of PTSB and citizens in general that PTSB be returned to full private ownership.
If the Formal Sale Process results in an offer for the entire issued share capital of PTSB, that offer would be subject to shareholder approvals and applicable regulatory consents.
If the Formal Sale Process results in the sale of PTSB, the successful bidder will become the new owner of PTSB, and The Minister for Finance of Ireland will no longer retain any shareholding in PTSB.
Q5: Why has PTSB’s Board decided to do this now?
PTSB has a compelling strategic position as Ireland’s third largest bank, having undergone a significant transformation in recent years, demonstrating strong business and financial performance and continued growth in its balance sheet and customer base.
PTSB has built a sustainable business that is competing very strongly in the Irish personal and business banking markets.
Notwithstanding this success, there is a significant market opportunity for PTSB to further increase its presence and share of the Irish retail banking market.
Given the robust economic backdrop PTSB is operating within, and increased investor appetite in PTSB shares, the Board is of the view that now is the right time to seek a new long-term strategic owner for PTSB that will enable PTSB to unlock its potential for further growth and scale.
The above information is not a summary of the information in the Announcement and should not be regarded as a substitute for reading the Announcement in full.
The Directors of PTSB accept responsibility for the above information and in the Announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the above information and the information in the Announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
