PTSB profits tumble as falling interest rates offset rising mortgage market share
Despite the drop in earnings, the bank left its full-year guidance unchanged, noting that it was in line with management expectations given the more challenging interest rate environment. Picture Andres Poveda
PTSB saw its profits fall by almost 75% in the first six months of 2025 as falling interest rates offset gains in mortgage lending.
Posting its half-year earnings on Thursday, PTSB said its pre-tax profits fell to €19m between January and June, down from €75m in the same period last year.
