Oct 31 2025
Financials
Recent Research
permanent tsb Group, Redemption of AT1
Oct 28 2025
AIB Group, Reduction in mortgage rates
Oct 24 2025
Irish banks, Banks monthly: looking ahead to Q3
Oct 22 2025
Meet your Financials Research team
AIB Group
Cancellation of warrants
The cancellation of the state’s warrants marks the full exit of AIB Group (AIBG) from the state. The impact is somewhat higher than previously expected, reflecting an increased...
Bank of Ireland
Q3 results: ongoing momentum into 2026
Bank of Ireland’s (BIRG) Q3 update demonstrates good momentum and bodes well for 2026 (and beyond). Activity in Ireland (lending / deposits / AUM) continues to grow strongly, coupled...
permanent tsb Group
Redemption of AT1
The redemption of the AT1 is a further sign of capital structure normalisation for PTSB. Material catalysts remain and will form key parts of increases in returns in the coming years at...
AIB Group
Reduction in mortgage rates
While some of the rate reductions are large, this is a reflection of fixed rate pricing being out of the market relative to some peers. As a result of its position, AIB Group (AIBG) has...
Banks
Q3 mortgage drawdowns and approvals: continued strength
Irish mortgaging activity remained strong in Q3, driven by first-time buyers (FTBs) and a continued rebound in re-mortgaging. Approvals continue to push record highs. With sustained...
Banks
Avant Money (Bankinter): Q3 results – strong loan growth
Bankinter reported strong results for its Irish unit, Avant Money, in the first nine months of the year. Lending growth was mortgage-led, with market share holding steady. Profitability...
Irish banks
Banks monthly: looking ahead to Q3
The key themes in Q3 are unlikely to dramatically differ to those of H1 2025 and, in some areas (particularly on distributions), clarity is unlikely to be forthcoming. Nonetheless, we...
Bank of Ireland
Drawing a line under UK motor finance
The estimated provision increase for Bank of Ireland (BIRG) is larger than anticipated but remains manageable on capital. Based on our forecasts, the incremental provision (over and...
Banks
Avant Money ‘soft launch’ of deposit accounts
The roll-out of deposit products by Avant Money has been well flagged and while we await a full suite of products to assess the overall impact, the rate is a larger premium to existing...
XPS Group
Trading update: continued strong revenue growth
XPS delivered a solid H1 trading update, with attractive revenue growth tracking in line with consensus. Regulatory change remains a key structural tailwind, sustaining elevated demand...
