The state will receive €931 million for its 57.5 per cent stake in the company
PTSB is to be sold to an Austrian bank, BAWAG, for €1.6 billion.
The state will receive €931 million for its 57.5 per cent stake in the company.
Cabinet signed off on the sale today.
Tánaiste and Finance Minister Simon Harris says PTSB’s employees' rights will remain the same under the new ownership of Austria’s BAWAG group.

Body Found At Wheatfield Prison Sparks Garda Investigation
Families Could Face €1,000 Rise In Annual Food Bills Amid Farming Crisis
Over Half of Cigarette Packs Surveyed In Newbridge And Naas Had No Irish Duty Paid
Celbridge Brewery CEO Warns Of Mounting Costs Facing Craft Beer Sector
Amhrán na Laoch Songwriting Competition Confirmed for Irish Music Month 2026
Government Announces Major Overhaul of Anti-Money Laundering Rules
Maynooth University Hosts Special Solar Eclipse Event This Evening
Johnstown Mother Says Today's Solar Eclipse Means Something Extra Special For Her And Her Son