Banking

PTSB reports 10% increase in net interest income, despite fall in new mortgage lending

PTSB held customer deposits of €23.3 billion in March – up €1 billion annually and €0.3 billion since December 2023

Eamonn Crowley, the chief executive officer of PTSB, said that the bank had recorded a ‘strong financial performance’ in the first quarter of the year. Picture: Fergal Phillips

PTSB’s share of the new mortgage market declined slightly in the first quarter of 2024, amid a fall in consumers switching home loan providers.

Announcing a first quarter trading update for the three months to the end of March, the bank said it had won just over 13 per cent of all new mortgage business in Ireland in the first quarter - down from just over 15 per cent in the final quarter of last ...