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The government has said that PTSB has put itself up for sale.
Finance Minister Pascal Donohoe said the government is aware of and supports the announcement.
irish The state currently holds 57.4% shares in PTSB.
The sale, if successful, would liquidate the last remaining stake in the Irish bank.
Mr Donohoe said: “PTSB has made great progress in building a strong competitive franchise in the Irish retail banking market, as demonstrated by its Q3 2025 trading update released today.
“With increasing investor interest in European banks, this provides an opportunity for the state to exit its last remaining stake in an Irish bank after 17 years.
“The state’s investment in PTSB was made to protect the stability of the banking system and depositors during the financial crisis.
“The sale of the state investments would be consistent with the objective of recovering the taxpayers’ money that was used to save Irish banks and deploying them for more productive purposes.
“The state has and will continue to be very supportive of the PTSB Government believes that it is in the long-term interest of the PTSB and citizens generally that the Bank be returned to full private ownership.
“PTSB is an important part of the retail banking market and the wider Irish economy, and its continued sustainable growth provides consumers with choice.”
The Department of Finance has appointed Rothschild & Co and William Fry as financial and legal advisors respectively in connection with the sale.