Permanent TSB Group Holdings PLC (LSE:PTSB)
€ 1.54 0.04 (2.67%) Market Cap: 817.49 Mil Enterprise Value: 2.98 Bil PE Ratio: 13.07 PB Ratio: 0.33 GF Score: 56/100

Full Year 2022 Permanent TSB Group Holdings PLC Earnings Call Transcript

Mar 01, 2023 / 09:00AM GMT
Release Date Price: €2.68 (+3.48%)
Eamonn Crowley
Permanent TSB Group Holdings plc - CEO & Executive Director

Good morning, everyone. Welcome to our 2022 annual results presentation. I'm going to give a short presentation on the significant and it has been significant progress that the bank has made in 2022. And then our CFO, Nicola O'Brien will provide a more detailed review of our financial performance. And after that, Nicola and I will be happy to take questions.

So let's move to the business performance. So you'll see that the -- it's been strong strategy execution, delivering what we call record results. During the year, we welcomed over 200,000 new customers, and we've expanded our branch network to 25 new communities nationwide. And by the end of 2022, we are now serving over 1.2 million customers with our customer base larger and indeed much more active than it has been before, which again is another important factor.

Our mortgage book has increased 40% since December '21, that's benefited from the migration of the Ulster Bank assets and organic growth of new lending volumes offset repayments and redemptions

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