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"Our results demonstrate real momentum through a robust financial performance, driven by income growth, a strong deposit franchise and good asset quality.

2023 was a very significant year for PTSB as we supported customers with new lending of €2.8bn, while also successfully completing the integration of Ulster Bank businesses, including: 330 former Ulster Bank colleagues; over 65,000 mortgage customers; an Asset Finance Business, a Private Banking Team and a Business Banking book.

In October, we announced a major overhaul of our brand and customer positioning for the first time in over 20 years, with PTSB becoming the new brand name for the Bank and the introduction of a new customer promise ‘Altogether more human’. This repositioning reflects our ambitions as a full-service personal and business bank and our focus on changing customer needs.

Looking to the year ahead, we remain in a strong position to build on the momentum of 2023 as we continue to grow our business, invest in our customer, colleague and community experience, while delivering sustainable returns for our shareholders."

Eamonn Crowley, Chief Executive

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