Banks

Minister for Finance investor briefing

  • Sectors : Banks
  • Companies : AIB Group | permanent tsb Group | Bank of Ireland

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AIB Group OUTPERFORM 23/01/19 Neutral 14/08/18 241c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 385c
permanent tsb Group NEUTRAL 06/03/19 Outperform 01/08/18 108c

DAVY VIEW

The key take-aways from our investor briefing with the Minister for Finance are that while the economy is facing uncertainties from Brexit it is doing so from a position of strength. Reform of global tax policy presents different challenges and informs the approach to government spending. From a banking perspective, the Minister re-iterated that the state is not a long-term holder of its stakes while regulators understand that individual decisions on capital buffers must also be considered in an overall capital perspective.

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Sep 9 2019, 17:35 IST/BST

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