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Apr 29 2026, 07:02 IST/BST
Banks
Mortgage drawdowns and approvals: solid drawdown growth with mixed approvals
- 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 | 940c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1565c |
DAVY VIEW
Mortgage drawdown activity continued to grow at a solid pace in Q1 2026, supported by sustained first‑time buyer demand, partly offset by weaker mover purchase activity. Mortgage approvals in March were relatively flat year-on-year but remain robust on a longer‑term trend, pointing to a healthy pipeline of future drawdowns. Overall, we maintain a positive outlook for the mortgage market, with drawdown growth tracking broadly in line with our 2026 forecast.
