PTSB said its pretax profit jumped to €159 million, as its fees and commissions rose last year
PTSB , which is in the middle of cutting jobs, said plans to have lower running costs and a stable net interest margin in three years, after its pretax profit doubled in 2024.
I’m in my 70s and have €500,000 in savings. If I need to go into a nursing home, what happens if I run out of money? The bank’s running costs rose 5 per cent last year to €531 million. However, it confirmed last month that it is cutting about 300 jobs – or almost 9 per cent of its 3,359 staff at the end of December.
PTSB last week promoted its chief risk officer, Barry D’Arcy, to the position of chief financial officer.
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