Financials

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Banks

Priorities in unprecedented times

COVID-19 presents material uncertainties and challenges which, from a banking perspective, will take some time to become meaningfully apparent. Priorities have changed and continue to...

Banks

Proactive and supportive approach from Bank of England continues

The initiatives taken in the last few days by the Bank of England (BoE) again demonstrate its proactive approach to supporting UK regulated institutions in navigating the current...

AIB Group

Struggling to make sense of sharp one-day move

While sharp negative price action is not particularly unusual in the current environment, and especially for banks, yesterday’s (March 19th) weak relative move seems unjustified. AIB...

Irish banks

Weighing up the impact of COVID-19

Bank share prices continue to move lower as concern regarding COVID-19 mounts. Unlike the financial crisis, banks aren’t the architects of the current crisis. As such, solvency is much...

Banks

Capital relief provides space to support customers

The reductions in the countercyclical capital buffer (CCyB) will, importantly, create additional headroom, as they are intended to do, while the deferral of the systemic risk buffer...

FBD Holdings

Exceptional 2019 gives way to a more balanced outlook

2019 was an exceptional year, boosted by the three tailwinds of favourable investment markets, prior-year reserve releases and benign weather. Near-term underwriting profits will remain...

Dalata Hotel Group

Balance sheet strength provides support

Dalata’s share price has been heavily impacted by the coronavirus. Investors are now considering the ability of hotel stocks to manage their finances through extreme market conditions....

Hotels

Irish real estate stocks trading below replacement cost

Equity market weakness following the outbreak of COVID-19 means that listed Irish real estate stocks in both the commercial real estate market and the private rental sector (PRS) now...

AIB Group

FY19 profits in line; capital and dividend beat

Profits are in line, along with a significant beat on capital. The intention to ideally look to begin distributing excess capital this year will also be well received. This reaffirms the...

AIB Group

2019 results preview

AIB Group’s FY 2019 results presentation on March 6th is to include new financial targets but, given the uncertain macro-economic specific calendar year, ROTE targets are unlikely....