Permanent TSB boosts lending levels as Ulster Bank talks continue

PTSB reported a strong performance for the third quarter of the year; with new lending up 50% year-on-year to €1.4bn and its share of the new mortgage market rising to 17.5% from 14.9% 12 months ago

PTSB said it expects new lending volumes for this year to be ahead of both 2020 and 2019 volumes. 

Permanent TSB (PTSB) has said it remains in talks with NatWest over the potential acquisition of parts of Ulster Bank’s retail and SME business in the Republic.

In its latest trading update, PTSB said: “The parties continue to work together with a view to entering into legally binding agreements over the coming months. Until an acquisition is finally concluded there can be no certainty that an acquisition will occur or on what terms.”