Mortgages

Analysis: Dip in PTSB’s share of mortgage lending has its roots in 2022 rate moves

The addition of new products to PTSB’s mortgage range should boost activity in the second half of 2024, according to Diarmaid Sheridan, an analyst with Davy

PTSB boosted its net interest income but its share of new mortgage lending fell. Picture: Sam Boal

While PTSB chief Eamonn Crowley heralded the bank’s strong start to the year, Wednesday’s trading statement showed that its traditionally smaller share of new business in the mortgage market lending market retreated slightly in the first quarter of 2024.

The portion of new mortgage business won by the bank in the first months of the year fell to 13 per cent from 25 per cent in the same period in 2023, amid a dramatic slowdown ...