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Permanent TSB submit plan to the ECB a week early

The bank failed the latest ECB stress test after an €855 million shortfall was identified.

Permanent TSB CONFIRMED today that they have formally submitted their Capital Plan to the European Central Bank (ECB) ahead of the deadline for submission of Sunday next.

Last week, the bank failed the latest ECB stress test after an €855 million shortfall was identified.

Fail

Permanent TSB is the only Irish bank out of the 25 eurozone banks that failed.

The group said it has already “provided for” over 80% of the shortfall identified in ECB tests on the back of both progress made in 2014 and the Group’s existing Contingent Convertible notes.

They said that they are in advanced planning with international investment bank, Deutsche Bank, to raise capital from international investors in the coming months.

Group Chief Executive Jeremy Masding said the bank has already addressed over 80% of the €855 million shortfall that the ECB identified.

PTSB were given two weeks to submit capital plans to the ECB.

Read: Report card in… Permanent TSB has an €855m shortfall>

Read: Permanent TSB, along with 25 other eurozone banks expected to fail stress test>

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9 Comments
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    Mute Paul Martin
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    Apr 5th 2013, 7:17 PM

    Can only mean one thing, the clear blue skies are about to cloud over

    69
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    Mute Brian Geraghty
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    Apr 5th 2013, 7:29 PM

    Always the way with these events!

    27
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    Mute Elma Phudd
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    Apr 5th 2013, 6:47 PM

    Okay, one last time Dougal, that comet is small…

    67
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    Mute Ferg
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    Apr 5th 2013, 7:39 PM

    No actually is far away… ;)

    50
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    Mute Jason Power
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    Apr 5th 2013, 6:34 PM

    Do I get a better view if i watch it from the direction of North Korea

    62
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    Mute Leonard Washington
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    Apr 5th 2013, 6:37 PM

    People could be killed and ye think nothin better than to make joke. You make me sick

    23
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    Mute Adrian Nolan
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    Apr 5th 2013, 6:38 PM

    Didn’t they claim they made it a while back?

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    Mute Bobby
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    Apr 5th 2013, 7:50 PM

    NK football chant ….We will nuke you we will score we will eat your Labrador

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    Mute Ryan Doyle
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    Apr 5th 2013, 8:23 PM

    always a joke with you lot

    5
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    Mute Leonard Washington
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    Apr 5th 2013, 6:38 PM

    Hi Michelle ;-)

    17
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    Mute Dave Connolly
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    Apr 5th 2013, 8:01 PM

    David Moore and his so called Club have a cheek, is a front for his Buisness selling overpriced telescopes.

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    Mute Alan Burke
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    Apr 5th 2013, 8:17 PM

    Well he’s not forcing you to buy one

    27
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    Mute Dave Connolly
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    Apr 5th 2013, 8:33 PM

    No he is pretending its a club, he is unelected.

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    Mute Chewey Bacca
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    Apr 5th 2013, 8:38 PM

    Binoculars will do the job either. I’m testing my bino’s by reading this from a distance and I think you have some spelling and grammatical errors in your post. Not that it’s any of my buisness :-)

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    Mute vinny
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    Apr 5th 2013, 9:28 PM

    Fair play to him

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    Mute Cian O'Regan
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    Apr 5th 2013, 10:30 PM

    David Moore is doing a great thing for the “Community” of astronomers here in Ireland. Nice guy too!

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    Mute mikeobrien4FM
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    Apr 5th 2013, 7:39 PM

    Apparently you can see Uranus too. Have to look deep though…

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    Mute WanderArch
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    Apr 5th 2013, 7:57 PM

    Hardy har har.

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    Mute Alan Burke
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    Apr 5th 2013, 8:05 PM

    Haha that is so funny ^_^

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    Mute Charles Witherspoon
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    Apr 5th 2013, 10:27 PM

    Small? That thing is so big it makes my eyes burn. Oh, never mind… The sun hasn’t set yet!

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    Mute Graham Reynolds
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    Apr 6th 2013, 2:53 AM

    Head off to bed Leonard , ur drunk mate!!!!

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    Mute Tom Keating
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    Apr 5th 2013, 9:46 PM

    It’s not there now!

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    Mute Veronica
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    Apr 6th 2013, 8:17 AM

    Actually saw this last night as i was in west cork for a few days and i live in the middle of nowhere you could say so no street lights no noise.. Was looking up and saw such a beautiful galexy and milkyway and this big bright star in the middle of it and was wondering what it was… Was so nice to see without having bincolrs or telascope… Wish i could stay in the country for so much longer as you don’t see much starlight in a city

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    Mute Emmet Walsh
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    Apr 6th 2013, 8:56 AM

    PANSTARRS, i love that show :)

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