Permanent TSB secures new mortgage boost ahead of Ulster and KBC exit

Permanent TSB said its share of the mortgage market increased to 17.5% at the end of June from 15.2% a year earlier after reporting “strong new lending” of €900m.

Permanent TSB appears to be benefiting from the proposed exit of competitors from the banking market in the Republic by increasing its share of the new mortgage business and building on its small base of small business loans.

In a trading update, Permanent TSB said its share of the mortgage market increased to 17.5% at the end of June from 15.2% a year earlier after reporting “strong new lending” of €900m.