PTSB's share of the mortgage market slips but the lender expects growth this year

PTSB remains optimistic on its outlook as it reiterated guidance for the year and chief executive Eamonn Crowley said the lender recorded “a strong financial performance”.

PTSB’s market share of new mortgage drawdowns was 13.4%, a decline of two percentage points compared to the final three months of 2023. Picture: Andres Poveda

PTSB’s share of the mortgage market declined slightly in the first three months but the lender continued to benefit from high interest rates implemented by the European Central Bank (ECB).

PTSB’s market share of new mortgage drawdowns was 13.4%, a decline of two percentage points compared to the final three months of 2023, driven mainly by switching activity.