PTSB posts 34pc profit surge and 9pc jump in net interest income ahead of crucial vote on sale

Permanent TSB (PTSB) has reported a 34 percent surge in profits alongside a 9 percent increase in net interest income. These financial results arrive as the bank prepares for a significant shareholder vote regarding a proposed sale.

The upcoming vote on the sale has drawn criticism from a group of minority shareholders. These investors have expressed concerns that the terms of the deal undervalue the bank, arguing that the institution is effectively being sold too cheaply.