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Jan 28 2025, 07:28 GMT
Banks
AIB sell down paves way for exit
- 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 | 573c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 982c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 136c |
DAVY VIEW
The sell down in AIB Group (AIBG) taps into strong demand and places the state close to exit. This will be achieved via the resumption of the trading plan and a directed buyback, which we forecast to be announced with the FY 2024 results. Attention will now turn to the state’s holding in permanent tsb Group (PTSB) and, more generally, remuneration restrictions that remain in place for the domestic sector.
