PTSB’s SME lending amounted to €47 million last year having more than doubled off a very low base in 2018. Mr Crowley (51), who joined the bank three years ago as chief financial officer, also signalled that he would be focusing on increasing the bank’s fee income. He highlighted that the bank generates only 10 per cent of its income from fees, compared with 30 per cent at Bank of Ireland and AIB and 20 per cent at Ulster Bank. The bank has approved payment breaks on 10,000 loans, equating to 9 per cent of its total loan book by value. Mr Crowley declined to give an update on guidance ahead of first-half results being reported at the end of July.

Source: The Irish Times June 22, 2020 09:11 UTC