Banking

Net interest income up 93% at PTSB amid uptick in lending

Bank's loan book increased by almost €2 billion in the 9 months to September 30, while deposits grew by €1 billion

PTSB: Bank announced a major overhaul of its brand earlier this month, “reflecting the much larger scale and business diversification of the bank, our customer focus and growth ambitions for the coming decade”

New lending at PTSB has grown 9 per cent in the year to September 2023, as the bank’s net interest income has increased by 93 per cent in the same period.

In an interim management statement, the recently re-branded PTSB reported an increase in new lending and a surge in mortgage market share for Q3, as it “remains in a strong position to continue to support our customers, the Irish economy and our shareholders”.

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