PTSB sees interest income drop 9% following ECB rate cuts 

Lender saw its mortgage market share grow to 20% in the first three months of this year

Total gross loans rose to €22bn, up 1% since the year-end. Picture Andres Poveda

The impact of lower interest rates saw PTSB's net interest income drop by 9% in the first three months of 2025, but the bank has reiterated its targets for this year on the back of strong lending.

The lender now holds a 20% share of the Irish mortgage market, up from just over 16% at the end of 2024.