Permanent TSB Group Holdings PLC (FRA:IL0A)
€ 1.39 -0.03 (-2.11%) Market Cap: 742.00 Mil Enterprise Value: 601.00 Mil PE Ratio: 30.22 PB Ratio: 0.31 GF Score: 57/100
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Half Year 2023 Permanent TSB Group Holdings PLC Earnings Call Transcript

Aug 02, 2023 / 08:00AM GMT
Release Date Price: €2.21 (-5.15%)
Eamonn Crowley
Permanent TSB Group Holdings plc - CEO & Executive Director

Good morning, and welcome to our 2023 Interim Results Presentation. I'm going to give a short presentation and significant progress that the bank has made to date in 2023. And then our CFO, Nicola O'Brien will provide a more detailed review of our financial performance. And then at the end, Nicola and I will be happy to take questions.

So if we just turn to Slide 4. We've reached a conclusion of our transformational acquisition of approximately EUR 6.75 billion of the Ulster Bank Retail, SME, and Asset Finance business. And I'm proud of what the bank has achieved and how we've transformed to greater scale and business model diversification with an increased branch network and a growing customer base. We've achieved EUR 1.4 billion of new lending in the first half of the year, and that's an increase of 36% versus last year and EUR 1.3 billion of this related to our mortgage products.

Our mortgage market share has grown by just under 7% to 23.1% as of June '23, and mortgages are a core product to our business,

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