NatWest Exits Irish Market with €126 Million Sale of 12% PTSB Stake, Reports 18% Profit Rise, Launches $1 Billion Buyback

NatWest Group has completed its exit from the Irish market by selling its entire 12% stake in Permanent TSB (PTSB) for €126 million. This divestment marks a strategic withdrawal from the Republic of Ireland, with analysts viewing the sale as a potential turning point for PTSB, anticipating increased investor interest and improved share liquidity. Following NatWest's exit, two major investment firms have acquired significant positions in PTSB, supporting forecasts of further gains for the Irish lender in 2025. Concurrently, NatWest reported an 18% rise in first-half profit, surpassing analyst expectations. The group also raised its full-year guidance and announced a fresh $1 billion share buyback program, signaling confidence in its financial outlook.