Permanent TSB Group Holdings PLC (IL0A.BE)

Ireland's PTSB cleared to pay dividends for first time since 2008

Ireland's PTSB was cleared by regulators on Friday to resume dividend payments for the first time since 2008, a decision the majority state-owned bank said was a "landmark" moment that would enhance its investment case. Shares in the lender rose 5.7% after the Irish central bank removed the so-called dividend blocker introduced in 2016 as part of the bank's post-financial crisis rescue plan. "It reflects the fact that PTSB now occupies a key position in the Irish banking landscape, and it significantly enhances the investment case for existing and potential investors in the bank."