Jun 4 2026
Financials
Recent Research
Banks, April mortgage approvals: modest growth
May 29 2026
Banks, CCyB remains unchanged
May 28 2026
IRES REIT, Positive AGM statement
May 28 2026
AIB Group, CFO to depart
May 27 2026
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IRES REIT
Accelerating growth and returns drive further upgrades
We are upgrading our IRES forecasts once again. We see net tangible asset (NTA) value per share growth and EPRA EPS growth accelerating to 8% in 2027 and 2028 with potential upside....
Banks
April mortgage approvals: modest growth
Mortgage approvals in April point to modest growth, with first-time buyers (FTBs) remaining the core market driver. Mover purchase demand was slightly softer, but this was offset by...
Banks
CCyB remains unchanged
An unchanged countercyclical capital buffer (CCyB) is in line with our expectations at this point in the cycle. Most of the risks highlighted in the Financial Stability Review (FSR)...
IRES REIT
Positive AGM statement
IRES has issued a positive trading statement for Q1 2026 ahead of its AGM later today. Operating performance, as expected, continues to be very strong. The new rent regulations took...
AIB Group
CFO to depart
At one level, the departure of AIB Group (AIBG) CFO Donal Galvin will come as a surprise. AIBG has executed significant strategic initiatives, including a return to fully private ownership...
Harworth Group
Progress continuing despite macroeconomic headwinds
Harworth Group grew its sales pipeline 12.5% since year-end 2025, with 1.8m sq ft of land now in letting or sales negotiations. However, the slowness in the residential land market (30% of...
Irish banks
Banks monthly: framing Ireland’s mortgage opportunity
Ireland’s mortgage market is set to sustain strong growth, driven by structural demand from first-time buyers (FTBs). This is supportive of Irish bank balance sheets and earnings....
Banks
Central Bank updates – market concentration in lending and capital levels reaffirmed
The Central Bank of Ireland (CBI) finds that lending market concentration is lower than expected once non‑bank lenders (NBL), credit unions and foreign banks are included rather than...
FBD Holdings
Underwriting trends in line; yield impact on investment return
FBD’s trading update demonstrates ongoing positive momentum from an underwriting perspective with trends in line with both guidance and our forecasts. The upward move in yields...
Bank of Ireland
Q1 in line; strong Irish lending
Bank of Ireland’s (BIRG) Q1 interim management statement (IMS) is in line with FY 2026 guidance and consensus, with ongoing good momentum remaining evident in Irish lending portfolios and...
