SMEs

‘Go back to Richie and tell him that’s what we’re doing’: PTSB boss on Boucher’s SME lending advice

Eamonn Crowley says PTSB wants 10% of new business lending market as bank beefs up SME and asset finance unit

Eamonn Crowley, PTSB chief executive: ‘It’s our ambition to get to 10 per cent of new business lending, and once we get to 10 per cent we want to push on from there.’ Picture: Gareth Chaney

PTSB is aiming to double its market share of new business lending, as the bank beefs up its SME and asset finance units to fill the gap left by the now-departed Ulster Bank.

Eamonn Crowley, chief executive of PTSB, said PTSB wants to take 10 per cent of Ireland’s new business lending market – adding that it currently has a 5 or 6 per cent share.

Speaking to reporters, he noted that PTSB’s SME lending ...