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Jul 25 2025, 07:00 IST/BST
Banks
Q2 mortgage drawdowns and June 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 | 680c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1256c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 205c |
DAVY VIEW
Mortgage momentum remained strong in Q2, with drawdowns and approvals both reflecting double-digit growth. First-time buyers (FTBs) continue to drive activity, while supply improved with new housing completions up strongly in Q2. With demand proving resilient, we reaffirm our €14bn mortgage lending forecast for 2025. Growth in the mortgage market remains a key driver of overall balance sheet growth in Irish banks, and today’s update provides confidence on this segment against a likely softer backdrop for corporate/SMEs at present.
