Results Centre

2025 Interim Results

As PTSB completes the first six months of its three-year business strategy, I am pleased with the performance the Bank has delivered in H1 2025. While certain financial metrics are lower versus the previous year, this is in line with management expectations given the more challenging interest rate environment we are operating in.

We have made great progress in providing customers with much-needed competition with new mortgage lending up 84% year on year and new Business Banking lending up 23%.

This progress is also evident in our book growth, with deposits up 7%, our mortgage book up 3% and our Business Banking book up 14%.

We are also improving our efficiency, with operating expenses reduced by 1%. Our liquidity and capital positions remain strong, with our CET1 ratio reaching 15.5% at the end of June. There is also a strong market appetite to invest in PTSB, as can be seen from the success of NatWest’s recent share disposal which marked another important step towards normalising the composition of our shareholder base.

Our guidance for 2025 remains unchanged, as does our intention to restart dividend payments to our shareholders next year, subject to financial position and required approvals.

Eamonn Crowley, Chief Executive