Download full report with analyst certification and important disclosures
Feb 19 2021, 07:45 GMT
permanent tsb Group
In discussion with NatWest on Retail and SME operations
- Sectors : Banks
- Companies : permanent tsb Group
DAVY VIEW
As anticipated, NatWest has announced a phased withdrawal from Ireland. This will materially change the landscape of Irish banking. The ability to acquire a portfolio of assets and liabilities should materially transform PTSB’s operations and scale – increasing profitability and returns. While we await further details, we welcome today’s announcement.
