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Jul 28 2026, 07:00 IST/BST
Banks
Q2 mortgage drawdowns and June approvals – strong double-digit growth
- 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 | 1092c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1840c |
DAVY VIEW
Mortgage market momentum remains particularly strong, with drawdowns growing slightly ahead of expectations. First-time buyers remain the key driver of activity, supported by a resilient mover purchase market and a marked recovery in remortgaging/top-up lending. Approvals data point to a healthy pipeline for drawdowns. We remain confident in our drawdown forecast and sustained growth in the mortgage market.
