PTSB puts itself up for sale as State considers final bank exit

PTSB has begun a formal sale process, opening the door for the State to exit its final bank shareholding

PTSB said it has seen a significant increase in appetite for its shares from international investors, along with unprecedented demand for its recent Green Tier 2 issuance, adding that this was against a backdrop of increased consolidation activity in the European banking sector.

Irish pillar bank PTSB has put itself up for sale. 

The bank’s board confirmed the start of a formal sale process on Thursday, saying it is “now in the best interests” of the lender to seek a long-term buyer.