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PTSB

Permanent Tsb Group Holdings PLC

Banks First-pass screen £1.3bn
400/1000 Overall fit
AI beneficiary 35% 15
Operating leverage 25% 68
Valuation 25% 30
Downside protection 15% 65

First-pass take

Traditional Irish retail bank with strengthening operational leverage through cost cuts and digital investment, but zero AI exposure and no valuation data. Strong capital position and improving efficiency insufficient to overcome cyclical property concentration.

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