Stable government and economic recovery positive for bank ratings

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


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 125c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 190c
permanent tsb Group NEUTRAL 06/03/19 Outperform 01/08/18 51.6c


The proposed formation of a new government comes as the re-opening of the Irish economy is accelerating. Both factors should positively impact the Irish banking sector. The majority government will provide a more stable backdrop, while the priorities for government will create green and mortgage lending opportunities. This comes against the backdrop of increasing activity levels as the re-opening of the economy progresses. Both should benefit fee income recovery and the outlook for impairment charges.

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Jun 17 2020, 07:00 IST/BST