PTSB revenues rise 10% as lender targets growing share of Irish mortgage market 

PTSB chief executive welcomed a 'positive start' to 2026 following its sale to Austria's Bawag group in April

The bank's net interest income - measured as the difference between the interest paid by banks and the interest charged by banks - increased by 9% between January and March, reflecting both higher margins and higher average interest-earning assets. 

PTSB is forecasting its share of the new mortgage market to rise to around 20%, given its "strong pipeline" and reduction in interest rates, the lender said on Friday. 

In a trading update, chief executive Eamonn Crowley welcomed PTSB's "positive start to 2026" following its sale to the Austrian Bawag group for just over €1.6bn.