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permanent tsb Group Holdings ( (GB:PTSB) ) has issued an announcement.
Permanent TSB Group Holdings plc reported its half-year results for 2025, highlighting significant growth in new mortgage and business banking lending, despite a challenging interest rate environment. The bank saw a substantial increase in new mortgage lending by 84% and business banking lending by 23%, contributing to a 7% rise in customer deposits and a 4% increase in total gross loans. The bank’s CET1 ratio improved to 15.5%, and it plans to resume dividend payments in 2026. Despite a reduction in net interest income and operating profit, the bank maintained strong asset quality with no impairment charges. Strategic initiatives under the Strategic Business Transformation Programme are expected to enhance efficiency and customer experience, with a planned reduction in staff numbers by 300 through voluntary severance and natural attrition.
More about permanent tsb Group Holdings
Permanent TSB Group Holdings plc operates in the financial services industry, primarily focusing on retail and business banking. The company offers a range of services including mortgage lending, business banking, and consumer lending, with a significant market presence in Ireland.
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