2026 Interim Results
PTSB delivered a strong performance in the first half of 2026 with underlying profit before tax up 34% to €68 million, and we remain on track to deliver our financial targets for the full year. I am particularly pleased to report that our revenue rose by 7% as we continued to broaden our product and service offering to a growing customer base.
Our balance sheet continued to expand, with our total loan book up 4% and our deposits up 2%. Business Banking delivered a notably strong performance, with the book growing by 11%. Asset quality remains robust and our funding and capital levels are strong, positioning us well for further growth.
In April, following a robust and competitive formal sale process, the PTSB Board announced that it had agreed the terms of a transaction with BAWAG to acquire the entire issued share capital of PTSB. The PTSB Board’s decision followed a thorough evaluation of value, certainty, stakeholder considerations and long-term strategic fit. We look forward to engaging with shareholders at the Scheme Meeting and EGM on July 30th where shareholders will have the opportunity to consider and vote on the Board recommended offer.
Eamonn Crowley, Chief Executive