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Nov 17 2023, 08:15 GMT
Banks
New mortgage entrant
- Sectors : Banks
- Companies : permanent tsb Group | AIB 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 | 415c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 851c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 177c |
DAVY VIEW
The entry of MoCo to the Irish mortgage market is likely to add modest levels of further competition, particularly given its pricing strategy. The mortgage market has gone through material change in recent times – firstly via exits and subsequently retrenchments from the market. MoCo, similar to Avant Money, has the benefit of a bank owner but is likely to be quite disciplined as it enters a new market.
