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Dec 3 2024, 08:09 GMT
Banks
October mortgage approvals
- 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 | 522c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 831c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 147c |
DAVY VIEW
October mortgage approvals once again demonstrate robust activity levels, with increases across all approval categories. The impact of falling interest rates and probable increases in new housing completions into year-end are likely drivers. Housing supply will be a key policy area for the next government, which will be supportive of a growing mortgage market in the coming years.
