PTSB chief says bank must produce results to attract investors

State owns 57% of PTSB

PTSB chief financial officer Barry D'Arcy with chief executive Eamonn Crowley. 

The chief executive of PTSB has said the bank has to “produce the results that are attractive to investors” as it is about to become the last remaining pillar bank in Ireland in which the State has a significant stake in.

The comments come following a decision by AIB earlier this week to buy back €1.2bn worth of shares from the Government, bringing the State’s stake in the bank to 3.3%. Under the terms of the buyback, an off-market purchase of 191,671,857 ordinary shares in the bank will be made at a price of €6.2607 per share.