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Jan 16 2025, 08:37 GMT
Banks
Government formation: banking exits and housing policy
- 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 | 549c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 908c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 140c |
DAVY VIEW
There will be little by way of surprise in the draft Programme for Government from a banking perspective. The reduction in the state’s shareholding in the system is set to continue. Housing delivery is one of the primary focuses supporting growth in the core mortgage market. The outcome of the election, with a stable political backdrop and an enviable budget position, sets Ireland apart from many Western economies at present, which is very supportive for the banking system.
