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‘Strong’ start for PTSB but mortgage market share dips

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Total operating income up 9% in first quarter of the year

PTSB saw its share of the mortgage market fall slightly in the opening months of 2024 as the mortgage switcher market remained subdued and competition for first time buyers remained elevated.

The bank said its new business mortgage market share was 13.4 per cent, down from 15.4 per cent at the end of the fourth quarter of 2023.Sale of National Museum archive premises offers historic opportunity at €21m Its total performing loan book was 1 per cent lower quarter on quarter at €20.8 billion on March 2024, with new lending volumes outpaced by contractual repayments and redemptions. Non-performing loans were €700 million at the end of March.

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