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Feb 24 2026, 07:00 GMT
Banks
January mortgage approvals: slowdown in activity
- 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 | 897c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1700c |
DAVY VIEW
January mortgage approvals weakened, reflecting ongoing supply constraints in the housing market. Softer first‑time buyer (FTB) and mover purchase activity led the decline, with remortgaging volumes also edging lower. Rolling 12‑month approvals remain resilient, but sustaining momentum in the mortgage market will require a pick‑up in housing commencements and an increase in the second-hand supply.
