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PTSB's Strong Start, Bawag's Irish Expansion
Description
Permanent TSB kicked off the year with a ten percent jump in first quarter revenues, driven by robust mortgage growth, an eighteen percent surge in business lending, and a doubling of consumer loans post-product refresh. Their net interest margin widened, and total gross loans climbed. Home loans still dominate, but business lending is surging. Bawag, meanwhile, acquired PTSB for nearly €1.62 billion, aiming to expand product offerings and challenge Irelands banking giants.
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