Bank of Ireland

Introduces non-cash-back and green mortgage products; reduces 5-year and 10-year rates

  • Sectors : Banks
  • Companies : Bank of Ireland

Ratings and price correct at time of issue.

  • Bank of Ireland

    Closing Price: 447c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    NEUTRAL

DAVY VIEW

Bank of Ireland (BOI) has announced several changes to its suite of mortgage products. It has introduced the first green mortgage product in Ireland, and increased investment to support a more environmentally-friendly economy should provide significant opportunities in the coming years. The reductions in rates are reflective of the lower rate environment, while introducing a non-cash-back product is likely aimed at the broker market where cash-back is not a material segment.

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Jul 19 2019, 09:05 IST/BST

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