Download full report with analyst certification and important disclosures
Feb 12 2026, 08:22 GMT
Banks
AIBG pay deal; Savings and Investment Union
- 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 | 912c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1691c |
DAVY VIEW
AIB Group’s (AIBG) 2026 pay agreement is in line with our expectations – less than €2bn operating expenses for 2026 will require reductions in staffing levels and other expenses to be achieved. Elsewhere, the Savings and Investment Union is garnering more attention, in particular the level of household savings and lower returns. There are structural impediments which discourage investment, particularly taxation which complicate current investing. Savings and Investment Accounts, similar to those available across Europe, would help unlock this.
