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Jun 27 2025, 07:00 IST/BST
Banks
Continued strength in May 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 | 676c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1169c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 198c |
DAVY VIEW
Mortgage approvals hit a new high in May, underpinned by persistent strength in first-time buyers (FTBs) and rising average loan values. While mover purchase activity was subdued, re-mortgaging volumes returned to historically typical levels. With overall strong momentum in the mortgage market, our forecasts remain intact.
