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BRIEF-Ireland's ptsb increases mortgage market share to 10.4 pct
May 10, 2017 / 6:15 AM / 5 months ago

BRIEF-Ireland's ptsb increases mortgage market share to 10.4 pct

May 10 (Reuters) - Permanent Tsb Group Holdings Plc

* Q1 net interest margin 1.80 percent, up 21bps from exit NIM of 1.59 percent for Q4 2016

* Bank is profitable and capital generative, net loans 18.7 billion eur versus 18.9 billion end-2016

* Proforma fully loaded common equity tier 1 ratio 15.1 percent in Q1 versus 14.9 percent end-2016

* New mortgage lending grew by 63 percent y/y, market share increased to 10.4 percent

* Impairment trends in line with expectations, reiterate cost of risk guidance of 30-40 bps

* Expect to update market with details of next phase NPL strategy in Q3 Further company coverage: (Reporting By Padraic Halpin)

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