Apr 10 2026
Financials
Recent Research
Irish banks, Depositing advantages
Apr 8 2026
FBD Holdings, Persistent attractive returns
Mar 20 2026
Harworth Group, £1bn in EPRA NDV still on track
Mar 17 2026
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Irish banks
Positive CBI mortgage amendments and continued deposit and lending strength
The Central Bank of Ireland’s (CBI) amendments to mortgage bridging loan rules are a welcome development. The changes should support liquidity at the margins in the second-hand housing...
Irish banks
Depositing advantages
Deposit growth has been a key earnings lever in recent years, outperforming the euro area. Deposit bases have underpinned balance sheet expansion, supporting interest income and...
Bank of Ireland
Clarity provided on UK motor finance redress
The changes relative to the initial consultations on UK motor finance redress will be welcomed and should provide clarity going forward but may take a little time for impacted lenders,...
Banks
February mortgage approvals: return to solid demand
February mortgage approvals signalled robust demand following recent months of subdued activity. First-time buyers (FTBs) remained the primary driver, with mover purchase and top-up...
FBD Holdings
Persistent attractive returns
FBD continues to execute its strategy, with growth in customers and gross written premium (GWP), while simultaneously managing risk. In the past five years, €7.75 of dividends have been...
Harworth Group
£1bn in EPRA NDV still on track
Harworth Group’s FY25 results are in line with expectations, with EPRA NDV (224.4p) marginally ahead of the H1 out-turn. The company has reiterated medium-term guidance for £1bn in...
FBD Holdings
Consolidation in market from Zurich acquisition of RedClick
The sale of RedClick will modestly consolidate what is a reasonable unconsolidated market in Property and Casualty in Ireland. While the acquisition price undoubtedly includes some...
Banks
Rollout of instant payment services
We will follow with interest the adoption of Zippay, the instant payment service, as it begins its rollout. The rollout enables the domestic Irish banks to compete with neobank and fintech...
FBD Holdings
FY 2025: another strong year of delivery
FBD has reported an excellent set of results for 2025. A notable standout continues to be the growth in policy count and gross written premium (GWP). Importantly, growth was achieved...
AIB Group
Strong capital generation and distributions
AIB Group (AIBG) continues to deliver, with very strong capital generation from earnings that are above consensus. A better capital position has also enabled total distributions above...
