2023: Permanent TSB's operating profit surges to €164M due to Ulster Bank loan acquisition and higher interest rates; plans to resume dividend payments.

Permanent TSB (PTSB) reported a surge in operating profit to €164 million in 2023, driven by the acquisition of loans from Ulster Bank and higher interest rates. PTSB plans to announce a policy later in the year regarding the resumption of dividend payments for the first time since 2008. The bank's loan book increased by 50% to €21.1 billion, and net interest income grew by 71% to €620 million.