Banks

H1 2025: lending and distributions in focus

  • 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 671c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 1207c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 204c

DAVY VIEW

Irish banks remain well placed to deliver, and 2025 interim results will further reinforce this. Attractive capital generation enables investment in growth, efficiency and shareholder returns. For H1 results, we expect FY guidance to be maintained and distributions to come in the form of interim dividends. We reiterate our ‘Outperform’ ratings across all three banks and leave our price targets unchanged.

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Jul 18 2025, 07:00 IST/BST

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