Ahead of sale, PTSB says on track for full year targets
PTSB reported a 34% increase in half-year profits and remains on track for its annual financial targets. The bank is currently preparing for a potential €1.6 billion takeover by the Austrian group BAWAG.
Why it matters
The potential acquisition represents a significant consolidation in the Irish banking sector and impacts shareholder value.
PTSB has reported higher half year profits and income and said it remains on track to deliver its financial targets for the full year.
The bank said its underlying profit before tax for the six months to the end of June rose by 34% to €68m, while its total income for the period grew by 7% to €344m. It posted a profit before tax of €57m for the six months.
PTSB said its total gross loans increased by 4% to €22.9 billion, while total lending was up 6% to €1.7 billion.
The lender reported new mortgage lending of 1.3% for the first half of the year, which gave it a market share of about 19%, similar to the level recorded for the whole of 2025.
Meanwhile, customer deposits rose by 2% to €25.6 billion.
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