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Oct 16 2020, 08:25 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||187c|
|permanent tsb Group||NEUTRAL||06/03/19||Outperform||01/08/18||47.5c|
The review of Ulster Bank Ireland by NatWest remains ongoing with continued speculation regarding its conclusion. Ulster Bank Ireland remains significantly overcapitalised from a CET 1 perspective, and we would expect unlocking this is a priority for NatWest. The sale of the entire portfolio to an investment fund would accelerate a wind-down but would also incur significant costs to close the remainder of the bank.