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Jul 25 2024, 07:32 IST/BST
Banks
Favourable dynamics continue in H1 2024
- 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 | 539c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1055c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 147c |
DAVY VIEW
Current interest rate expectations remain supportive of ongoing robust net interest income. Combined with a strong economy, attractive capital generation will be an ongoing feature for Irish banks. Further normalisation in the distribution story will be evident from the introduction of interim dividends for AIG Group (AIBG) and Bank of Ireland (BIRG), and permanent tsb Group (PTSB) unveiling its policy. With a stable backdrop, the Irish banking market should remain highly attractive to investors.
