9/11/2023 0 Comments Permanent tsb estatements![]() ![]() We are making great progress on our digital transformation programme with a further €50 million investment in our technology infrastructure and digital capability, launched our new market leading digital current account and formed partnerships with both global service integration providers and Irish Fintechs. We saw a strong rebound in activity in the second half of 2020 and have built further on this momentum in the first half of 2021, evident from the significant increase in our new mortgage market share, which now stands at 17.5%. The performance in the first half of 2021 has seen the Bank competing very strongly, bringing real innovation to the market, introducing new customer offerings and attracting new customers to the Bank. We welcome all Ulster Bank customers to Permanent TSB, whether or not their loan is transferring as part of this potential transaction, and we look forward to supporting them with their banking needs. We are conscious that there is still significant work to be done to agree legally binding agreements later this year, but we are optimistic that we can work with all parties to create an enlarged Permanent TSB with an increased national footprint that will provide enhanced products and services to our present and future customers. ![]() This potential transaction complements our growth strategy, supports the investments we are making in the transformation of our in-branch and digital banking services and will accelerate the delivery of Permanent TSB’s ambition of becoming Ireland’s best personal and small business bank. We are very pleased to have recently announced a Memorandum of Understanding with Ulster Bank to acquire certain elements of the Ulster Bank Retail and SME business in the Republic of Ireland. Interim Management Statement – HY 2021 Update ![]()
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