The invention relates to a two-component polyurethane adhesive having high strength and elasticity at a particularly low glass transition temperature, suitable as a structural adhesive. The adhesive according to the invention contains a triol, a diol, a polyamine, a polyisocyanate and a polyurethane polymer having isocyanate groups in certain ratios, and a Fe(III) or Ti(IV) or Zr(IV) or Hf(IV) chelate-complex-catalyst.