Download full report with analyst certification and important disclosures
Feb 18 2019, 07:30 GMT
permanent tsb Group
FY 2018 results preview
- Sectors : Banks
- Companies : permanent tsb Group
DAVY VIEW
2018 results will demonstrate a c.70% reduction in non-performing exposures (NPEs), assuaging any lingering solvency concerns. With a ratio just below 10%, NPEs will be a continued focus; however, PTSB’s future returns potential now commands greater attention. Despite positive commercial momentum – particularly through increased mortgage market share – any greater clarity on the cost outlook will be key.
