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Nov 11 2019, 07:00 GMT
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||448c|
|permanent tsb Group||NEUTRAL||06/03/19||Outperform||01/08/18||115c|
Mortgage market lending continues to grow and is on track to meet our 11% growth forecast for 2019 despite Brexit uncertainty and weakening house price growth. The market recovery remains in its infancy and its continued recovery will help reinforce balance sheet growth. Against this, the market remains competitive, but pricing actions have become more targeted. We expect modest attrition, but not significant erosion, of back-book mortgage rates.