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Jun 17 2020, 07:00 IST/BST
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||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.