PERMANENT TSB PUBLIC LIMITED COMPANY
Permanent TSB plc (registered as Permanent TSB Public Limited Company) is a public limited company registered in Ireland under company number 222332, with its registered office at 56-59 St Stephen’s Green, Dublin 2, D02 H489. It was incorporated on 21 September 1994, and its Companies Registration Office (CRO) status is currently recorded as active. The company traded previously as Irish Life and Permanent plc before being renamed Permanent TSB plc in 2012.
Permanent TSB plc is a licensed credit institution regulated by the Central Bank of Ireland. It provides retail and business banking services in the Irish market, including current accounts, savings and deposit products, residential mortgages, personal loans, and business and SME banking, and it offers asset finance under the PTSB Asset Finance brand. Banking services are delivered through a network of branches together with digital and telephone channels. As of mid-2026, Permanent TSB reported a mortgage market share of approximately 19% in Ireland.
For the year ended 31 December 2025, the wider Permanent TSB group reported consolidated total income of EUR 655 million, down 3% on 2024, and profit before tax of EUR 128 million, down from EUR 159 million in 2024; underlying profit before tax was EUR 175 million. Full-time equivalent staff numbers fell by more than 300, around 10%, to 2,918 over the year, reflecting a voluntary severance programme. For the six months to 30 June 2026, the group reported total income of EUR 338 million, up 7% year on year, and underlying profit before tax of EUR 68 million, up 34% on the same period in 2025, as its loan book expanded 4% to EUR 22.9 billion. These figures are reported at consolidated group level; company-level financial results for Permanent TSB plc alone were not identified in the public sources reviewed.
Permanent TSB plc’s own shares are not admitted to trading on any stock exchange.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
1
Shareholders of Permanent TSB plc
The single disclosed shareholder of Permanent TSB plc is Permanent TSB Group Holdings plc (Irish company number 474438), which holds 276,782,351 ordinary shares of EUR 1.00 each, representing 100% of Permanent TSB plc’s issued ordinary share capital, per shareholder filing data verified as of 31 December 2024. This is a direct 100% holding; no other party holds shares in Permanent TSB plc directly.
Permanent TSB Group Holdings plc is itself a public company whose shares are admitted to trading on the Main Securities Market of Euronext Dublin under the ticker PTSB (it has also historically carried a standard listing on the London Stock Exchange). Because it is a listed entity, its own shareholder base is publicly disclosed: as of the group’s most recently published ownership profile, reflecting a transaction dated 15 July 2025, the Minister for Finance of Ireland held 313,382,197 shares, approximately 57.5% of the 544,996,176 shares in issue, with the remaining approximately 42.5% held as free float among roughly 12,000 shareholders. NatWest Group plc, a former major shareholder, sold its remaining 63,614,171 shares on 15 July 2025 and is no longer a shareholder of Permanent TSB Group Holdings plc.
Ultimate beneficial ownership
Multiplying the verified ownership chain — 100% of Permanent TSB plc held by Permanent TSB Group Holdings plc, and approximately 57.5% of Permanent TSB Group Holdings plc held by the Minister for Finance of Ireland — gives a calculated effective indirect interest of approximately 57.5% held by the Irish State in Permanent TSB plc, based on the ownership data described above (dated 15 July 2025 at the top level). The Minister for Finance is a state/sovereign shareholder rather than a natural person, so this is presented as the ultimate significant shareholder identified in the ownership chain rather than as an individual UBO.
This position is expected to change: in April 2026, Permanent TSB Group Holdings plc’s board recommended a cash offer from BAWAG P.S.K. (part of BAWAG Group AG, Austria) to acquire its entire issued share capital at EUR 2.97 per share. Shareholders approved the transaction on 30 July 2026, with 91% of votes cast in favour. Completion remains subject to European Central Bank regulatory approval and sanction of the High Court of Ireland, and is expected in Q4 2026 or Q1 2027. If completed, the Minister for Finance would dispose of its entire shareholding in Permanent TSB Group Holdings plc.
Data availability
Shareholder information for Permanent TSB plc itself is full: it has a single, 100%-owning corporate shareholder confirmed via CRO shareholder filing data as of 31 December 2024. Ownership information at the ultimate/indirect level relies on the public disclosures of its listed parent, Permanent TSB Group Holdings plc, and reflects only the major, reportable holdings that a listed company is required to disclose, not the complete underlying register of roughly 12,000 shareholders.
Sources
- Companies Registration Office (CRO), shareholder filing data for Permanent TSB plc, verified 31 December 2024, https://www.cro.ie
- Permanent TSB, "Ownership Profile", https://www.permanenttsbgroup.ie/who-we-are/ownership-profile, retrieved 24 September 2026
- Department of Finance, press release on the BAWAG recommended cash offer for Permanent TSB Group Holdings plc, https://www.gov.ie/en/department-of-finance/press-releases/, April 2026
- Investing.com, "BAWAG’s PTSB acquisition wins 91% shareholder approval", 30 July 2026
- RTE, "BAWAG expects PTSB acquisition to close by Q4", https://www.rte.ie/news/business/2026/0721/1584329-bawag-quarterly-results/, 21 July 2026
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| PERMANENT TSB GROUP HOLDINGS PLC | 100% | Companies Registration Office (CRO) |
Officers
5
Directors and officers of Permanent TSB plc
Permanent TSB plc’s board and executive leadership are governed through Permanent TSB Group Holdings plc, its immediate parent, whose published board serves the group’s banking operations including Permanent TSB plc. As of the group’s most recently published board listing, the Chair is Julie O’Neill (Independent Non-Executive Director), the Chief Executive Officer is Eamonn Crowley, in post since June 2020, and the Chief Financial Officer and Executive Director is Barry D’Arcy. The independent non-executive directors are Dr Ruth Wandhofer, Anne Bradley, Celine Fitzgerald, Catherine Moroney and Hugh O’Donnell, together with Richard Gildea as Senior Independent Non-Executive Director; Paul Doddrell and Marian Corcoran serve as non-executive directors. Conor Ryan holds the role of Company Secretary and Head of Corporate Governance. This reflects the group’s own published governance page rather than the CRO officer register held for this profile, which includes older appointment records not fully consistent with more recent board changes (see Data availability below).
Recent officer changes
- Eamonn Crowley became Chief Executive Officer in June 2020, succeeding Jeremy Masding, who announced in October 2019 that he would step down after eight years in the role (source: RTE, 24 October 2019).
- Ronan O’Neill, a board member since 2016 and formerly Senior Independent Director, retired from the board on 30 July 2025 at the end of his nine-year term.
- Barry D’Arcy holds the Chief Financial Officer and Executive Director role on the current board; an earlier CFO appointment was separately announced by the company in August 2022 (source: ptsb.ie notice, August 2022).
Data availability
Officer information for Permanent TSB plc is partial as sourced for this profile: cached CRO officer data lists appointments recorded with an "active" work status for individuals — including Jeremy Masding, who left the Chief Executive Officer role in 2020, and Ronan O’Neill, who retired from the board in July 2025 — that are contradicted by later, dated company announcements and the group’s own governance page. The officer overview above therefore relies on Permanent TSB Group Holdings plc’s published board of directors page rather than the CRO snapshot cached for this profile. Nationality of individual directors was not found disclosed in the sources reviewed and has not been inferred from names, correspondence addresses or countries of residence; any addresses recorded at the CRO are service/correspondence addresses only.
Sources
- Permanent TSB Group Holdings plc, "Board of Directors", https://www.permanenttsbgroup.ie/who-we-are/governance/board-of-directors, retrieved 24 September 2026
- RTE, "Jeremy Masding to step down as CEO of Permanent TSB", https://www.rte.ie/news/business/2019/1024/1085398-jeremy-masding-to-step-down-as-ceo-of-permanent-tsb/, 24 October 2019
- S&P Global Market Intelligence, "Permanent TSB to appoint CFO Crowley as CEO"
- Permanent TSB, "Permanent TSB Announce Appointment of Chief Financial Officer", https://www.ptsb.ie/about-us/notices/2022/august/permanent-tsb-announce-appointment-of-chief-financial-officer/, August 2022
- Companies Registration Office (CRO), officer filing data (cached baseline snapshot for this profile)
Registry feed — rows exactly as filed with Companies Registration Office (CRO), including entries the profile above does not cover.
Group Structure
Group structure of Permanent TSB plc
Permanent TSB plc is not an independent company; it is a wholly owned subsidiary within a verified corporate group. Its immediate parent — and the highest identifiable corporate entity in its ownership chain — is Permanent TSB Group Holdings plc (Irish company number 474438), which holds 100% of Permanent TSB plc’s issued ordinary share capital according to shareholder filing data verified as of 31 December 2024. Permanent TSB Group Holdings plc has no identified corporate parent of its own; its shares are held by the Minister for Finance of Ireland (a state shareholder, approximately 57.5%) and a public free float, and it is listed on Euronext Dublin under the ticker PTSB. One verified direct subsidiary of Permanent TSB plc is Joint Mortgage Holdings No.1 Limited (Irish company number 431460), identified in the group’s 2023 Pillar 3 disclosures as a financial corporation fully consolidated within the group. The group also runs a mortgage-backed securitisation funding programme, including vehicles in the "Fastnet Securities" series, that could not be individually verified as subsidiaries for this profile.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Permanent TSB Group Holdings plc | Ireland | 474438 | Immediate parent (ultimate identifiable parent) | 100% of Permanent TSB plc | Active; listed on Euronext Dublin (PTSB) | 31 Dec 2024 |
| Joint Mortgage Holdings No.1 Limited | Ireland | 431460 | Direct subsidiary | Ownership percentage not disclosed | Active; fully consolidated | FY2023 (Pillar 3 disclosures) |
Recent structural changes
- April 2026: Permanent TSB Group Holdings plc’s board recommended a cash acquisition offer from BAWAG P.S.K. (BAWAG Group AG) for its entire issued share capital. If completed, this would change the group’s ultimate parent to BAWAG Group AG. The transaction was approved by shareholders on 30 July 2026 but is not yet completed: it remains subject to European Central Bank approval and sanction of the High Court of Ireland, with completion expected in Q4 2026 or Q1 2027.
- Historical: Springboard Mortgages Limited, at one time linked to the group, was sold by Permanent TSB Group Holdings p.l.c. to Mars Capital Ireland No.2 Limited, with the sale completing in October 2014. It is not a current subsidiary and has been excluded from the verified relationships above.
Data availability
Corporate-linkage information for Permanent TSB plc is partial. The immediate parent relationship and one direct subsidiary are independently verified through official filings, but the completeness of the wider subsidiary and securitisation-vehicle structure could not be confirmed from the sources reviewed. A previously cached linkage record for Springboard Mortgages Limited was checked and found to be outdated — that entity was divested in 2014 — and has accordingly been excluded rather than presented as a current relationship.
Sources
- Companies Registration Office (CRO), shareholder filing data for Permanent TSB plc, verified 31 December 2024, https://www.cro.ie
- Permanent TSB Group Holdings plc, Pillar 3 disclosures for the year ended 31 December 2023, https://www.permanenttsbgroup.ie
- Department of Finance (gov.ie), press release on the BAWAG recommended cash offer, April 2026
- Investing.com, "BAWAG’s PTSB acquisition wins 91% shareholder approval", 30 July 2026
- RTE, "PTSB sells Springboard business to Mars Capital Ireland", https://www.rte.ie/news/business/2014/1022/654041-permanent-tsb/, 22 October 2014
Registry feed — rows exactly as filed with Companies Registration Office (CRO), including entries the profile above does not cover.
PERMANENT TSB GROUP HOLDINGS PUBLIC LIMITED COMPANY
Ireland
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Frequently Asked Questions
What does PERMANENT TSB PUBLIC LIMITED COMPANY do?
Permanent TSB plc is an Ireland-registered, Central Bank of Ireland-regulated credit institution providing retail and business banking (current accounts, mortgages, personal loans, SME banking and asset finance) under the PTSB brand.
Who owns PERMANENT TSB PUBLIC LIMITED COMPANY?
Permanent TSB plc is 100% owned by Permanent TSB Group Holdings plc; that listed parent is around 57.5% owned by Ireland's Minister for Finance as of mid-2025 data, pending a 2026 sale of the whole group to BAWAG.
Who is PERMANENT TSB PUBLIC LIMITED COMPANY's UBO (Ultimate Beneficial Owner)?
Calculated effective indirect interest of approximately 57.5% held by the Irish State (Minister for Finance) in Permanent TSB plc, via 100% ownership of Permanent TSB plc by the listed Permanent TSB Group Holdings plc; a state shareholding, not an individual UBO.
What is PERMANENT TSB PUBLIC LIMITED COMPANY's company registration number?
PERMANENT TSB PUBLIC LIMITED COMPANY's registration number is IE222332, filed with Companies Registration Office (CRO) in Ireland. Its current status on the register is active.
Is PERMANENT TSB PUBLIC LIMITED COMPANY still an active company?
PERMANENT TSB PUBLIC LIMITED COMPANY's status on Companies Registration Office (CRO) is listed as active.
When was PERMANENT TSB PUBLIC LIMITED COMPANY incorporated?
PERMANENT TSB PUBLIC LIMITED COMPANY was incorporated on 21 September 1994, according to Companies Registration Office (CRO).
What is PERMANENT TSB PUBLIC LIMITED COMPANY's registered address?
The registered address on file for PERMANENT TSB PUBLIC LIMITED COMPANY is DUBLIN 2, Ireland.
What legal structure is PERMANENT TSB PUBLIC LIMITED COMPANY registered as?
PERMANENT TSB PUBLIC LIMITED COMPANY is registered as a Public Limited Company in Ireland.
What is PERMANENT TSB PUBLIC LIMITED COMPANY's revenue?
Group-level (not entity-level) results: FY2025 total income of EUR 655 million and profit before tax of EUR 128 million; H1 2026 total income of EUR 338 million and underlying profit before tax of EUR 68 million, reported by parent Permanent TSB Group Holdings plc.
Is PERMANENT TSB PUBLIC LIMITED COMPANY listed on a stock exchange?
Permanent TSB plc's own shares are not listed. Its parent, Permanent TSB Group Holdings plc, trades on Euronext Dublin under ticker PTSB.
Who are the officers/directors of PERMANENT TSB PUBLIC LIMITED COMPANY?
Group board chaired by Julie O'Neill with Eamonn Crowley as CEO since June 2020 and Barry D'Arcy as CFO; the CRO officer register cached for this profile is outdated and lists a former CEO and a director who retired in 2025 as active.
Does PERMANENT TSB PUBLIC LIMITED COMPANY have a parent company or subsidiaries?
Immediate and ultimate identifiable parent is the Euronext Dublin-listed Permanent TSB Group Holdings plc (100% owner); verified direct subsidiary Joint Mortgage Holdings No.1 Limited; Springboard Mortgages Limited was divested in 2014 and is no longer part of the group.
Can Zavia monitor changes to PERMANENT TSB PUBLIC LIMITED COMPANY's ownership over time?
This profile reflects a point-in-time snapshot from Companies Registration Office (CRO). Zavia's monitoring API can track changes to PERMANENT TSB PUBLIC LIMITED COMPANY's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access PERMANENT TSB PUBLIC LIMITED COMPANY's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Ireland, so records like PERMANENT TSB PUBLIC LIMITED COMPANY's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Companies Registration Office (CRO) and was last synced on 24 September 2026.