2024 Q1: PTSB's net interest income up 10%, net interest margin at 2.31% (+5bps), total operating income increased 9% to €167m.
PTSB saw a slight dip in its mortgage market share, while business lending grew, in the opening months of 2024. Net interest income increased by 10% year-on-year, and total operating income rose 9% to €167m. The bank's net interest margin increased by 5bps to 2.31%, driven by higher interest rates and an increase in average interest earning assets. Despite the decline in mortgage market share, PTSB remains optimistic about its outlook.
May 08, 2024
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