Mar 10 2026
Financials
Recent Research
Banks, Rollout of instant payment services
Mar 9 2026
IRES REIT, Acquisition of 77 apartments
Feb 24 2026
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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...
Bank of Ireland
FY 2025 ahead; growth to compound higher returns
FY 2025 results came in ahead of expectations, highlighted by strong growth across key franchise segments. FY 25 results bookend the existing cycle and segue into the next 3-year...
IRES REIT
Acquisition of 77 apartments
IRES has announced the forward purchase of 77 new high quality apartments in Naas for €31.75m. Practical completion is expected in Q4 2026. This recycles the proceeds of its disposal...
Banks
January mortgage approvals: slowdown in activity
January mortgage approvals weakened, reflecting ongoing supply constraints in the housing market. Softer first‑time buyer (FTB) and mover purchase activity led the decline, with...
Irish banks
Banks monthly: well set for FY 2025 results
The set-up for Irish banks remains very attractive. Growth in domestic loans and deposits is above eurozone trends and will support earnings growth and capital generation in the coming...
Banks
Bank of Ireland pay agreement; Central Bank of Ireland mandate
Bank of Ireland’s (BIRG) pay agreement is broadly in-line with that of AIB Group (AIBG), with a mix of baseline and performance-related increases. It continues to illustrate the...
IRES REIT
FY2025 results above forecast with a strong outlook
IRES’ FY2025 EPRA EPS was 5.6c, which is slightly above our forecast, helped by margin expansion. EPRA NTA/share of 132.2c and all other key metrics were also above forecast. NTA...
