Monday 22 January 2018

Permanent TSB expects 12 branch restructure by summer

John Mulligan

Irish Life & Permanent's retail banking unit, Permanent TSB, expects to begin amalgamating 12 branches in March and will complete the process during the summer, it confirmed yesterday.

Permanent TSB said before Christmas that it planned to close about 11 outlets, but had not announced details of all those branches until staff had been informed. It's now understood to have begun writing to customers informing them of branch closures.

Six of the closures will take place in Dublin, with the Permanent TSB branch on College Green shutting to merge with the Grafton Street branch. A Fairview outlet will close and accounts will move to Drumcondra, while Permanent TSB customers at the Blackrock branch will have their accounts moved to Stillorgan.

Also in Dublin, the Malahide branch will close and its business moved to Swords.

Two branches in Cork will close. They are the Cathedral Road branch in Cork city and an outlet in Togher, which will close with accounts moving to Bishopstown.

In Galway, the Tuam Road branch will close and its business shifted to a branch in the Galway Shopping Centre, while in Waterford City the Lisduggan branch will close and accounts moved to the Hypercentre outlet.

The banking unit has said the changes will reflect a "new business environment".

The division will be left with about 93 branches around the country following the move.

Irish Independent

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