In an interim management statement, the bank said its new lending rose by 9% to €2.2 billion across all product lines, while its customer deposits increased by about 9% to €22.7 billion compared to the same time last year.
It said this growth was supported by the strength in its mortgage proposition, together with mortgage switching activity which continued in the market as customers sought rate certainty as interest rates continued to rise. "While the global macroeconomic environment remains volatile, the Irish economy continues to record strong growth levels with no notable deterioration in the asset quality of the bank's loan book evident to date," it added.
Looking forward, PTSB said it remains in a strong position to continue to support its customers, the Irish economy and its shareholders, with the guidance on key performance indicators for the rest of the year remaining broadly in line with prior market communications.
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Source: IrishTimes - 🏆 3. / 98 Read more »