- CEO
- Eamonn Crowley
- Full Time Employees
- 3,359
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 56-59 St. Stephen’s Green Dublin Ireland 2
- IPO Date
- Oct 15, 2010
- Business
- Permanent TSB Group Holdings plc is an Irish banking group that operates in the retail and small and medium-sized enterprise (SME) banking sectors through its wholly owned subsidiary Permanent TSB plc. The group offers a comprehensive range of financial products and services including current and deposit accounts, savings products, residential mortgages such as First Time Buyer, Green and Buy to Let mortgages, personal and business loans, overdrafts, credit cards including the ICE Visa Credit Card, asset finance via Permanent TSB Asset Finance, investments, pensions, general and life insurance, and transactional banking solutions; it serves individual consumers, SMEs and micro-enterprises through a nationwide network of approximately 98 branches, ATMs, brokers, direct channels, digital platforms and SME-focused distribution. Founded in 1816 and headquartered at 56-59 St. Stephen's Green in Dublin, Ireland, the group manages approximately EUR 25.4 billion in customer deposits and EUR 22.4 billion in gross loans as of September 2025, with primary operations confined to the Republic of Ireland. In recent developments, the group completed its multi-year acquisition of approximately EUR 6.75 billion in Ulster Bank assets in July 2023, incorporating a EUR 4.8 billion residential mortgage portfolio, EUR 915 million in additional mortgages, a EUR 165 million micro-SME loan book, 25 branches and the Lombard asset finance business, thereby expanding its mortgage book by 40%, enhancing business banking diversification and achieving over 20% market share in new mortgage lending. More recently, it sold two tranches of non-performing loans to Mars Capital and funds managed by Apollo, the first in July 2024 and the second in November 2025; commenced a Formal Sale Process in October 2025 with support from its largest shareholder the Minister for Finance to identify a new long-term owner amid strong investor interest and European banking consolidation trends; and reported robust Q3 2025 performance with 7% deposit book growth, 4% mortgage book expansion, 11% business banking growth year-over-year, new mortgage lending up 64% to EUR 2.1 billion, operating expenses on track for a EUR 525 million full-year target, and a CET1 ratio of 15.5%.