Agenda: After existential threats, Permanent TSB is focused on growing its income base

Bank has begun process of finding new boss

Former Accenture board member takes over from Richard Pike in non-executive post

Annual general meeting hears ‘tough decisions’ must be made at lender

Wandhöfer will take up a position on PTSB board from October

Financial institution increases new mortgage lending by 61 per cent in first quarter

Alan Cook moves on while chief executive Jeremy Masding is making the tough calls

Increase of 6% in salary to €425,000 still leaves remuneration within Government cap

Elliott succeeds Alan Cook who is retiring from 75% State-owned bank after six years