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Jan 7 2026, 06:53 GMT
Banks
November mortgage approvals: softer monthly activity, ICS raises fixed rates
- Sectors : Banks
- Companies : 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 | 939c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1669c |
DAVY VIEW
November mortgage approvals softened, but year-to-date (ytd) activity remains resilient. Weaker first-time buyer (FTB) and mover purchase volumes led the decline. Elsewhere, the non-bank lender ICS has increased its fixed rate mortgage offering, likely driven by market based interest rates.
