Feb 14 2025
Financials
Recent Research
Banks, Strong mortgage activity in Q4
Jan 30 2025
Banks, AIB sell down paves way for exit
Jan 28 2025
Meet your Financials Research team
FBD Holdings
2024 ahead; Storm Éowyn estimates
The 2024 outcome is a further endorsement of FBD’s strategy, resulting in continuing profitable growth. While this is somewhat tempered by the impact of adverse weather in early-2025;...
permanent tsb Group
Voluntary redundancy will be key driver of cost reduction
The voluntary redundancy programmes will be a critical driver to reduce absolute costs and improve the cost/income ratio. Cost reductions are an important element of improvements to...
Irish banks and housebuilders
Reforms needed for housing delivery
More than a decade into Ireland’s housing crisis, the strategy to scale up supply has now reached a critical juncture.
Banks
Strong mortgage activity in Q4
The mortgage market had a strong finish to 2024 with increases across both drawdowns and approvals in Q4, despite supply constraints. Increased housing commencements and government...
Harworth Group
2024 EPRA NDV to be ‘broadly in line’ with market expectations
In the midst of trading conditions that have remained uncertain, we view Harworth’s 2024 performance as very impressive. The group has been highly active across all aspects of its...
Banks
Government formation: banking exits and housing policy
There will be little by way of surprise in the draft Programme for Government from a banking perspective. The reduction in the state’s shareholding in the system is set to continue....
Banks
PTSB reducing mortgage rates
Permanent tsb Group (PTSB) is positioning its product suite ahead of further ECB rate reductions to ensure momentum in lending is sustained into 2025. With at least another 100bps of...
Banks
Avant full bank plans proceeding
Bankinter continues to proceed with its plans to transform Avant Money into a branch. The rebranding to Bankinter is new but not surprising. We understand a digital platform is...
Banks
November mortgage approvals
November mortgage approvals demonstrate continued robust activity levels, with increases across the majority of categories. The expected rise in new housing completions by year-end...
Harworth Group
Record level of residential plot sales in 2024
Harworth’s success in selling a record number of residential plots in 2024 proves the continued attractiveness of its derisked product. The proceeds of these sales, £104.1m on a full...
