Davy Research

Banks

Variable Rate Mortgage Bill hits stumbling block
Banks
Allied Irish Banks | permanent tsb Group | Bank of Ireland

DAVY VIEW

The requirement for an “ex ante economic assessment” will result in the Variable Rate Mortgage Bill proceeding but without the critical power to cap rates. We have consistently argued that competition is reducing mortgage rates in any case, although it appears that the bill may yet have implications for non-rate incentives like cash-back offers.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Allied Irish Banks

    Closing Price: 498c

  • RATING 03/08/17

  • PREVIOUS RATING 28/10/16

    Under Review

  • Bank of Ireland

    Closing Price: 681c

  • RATING 11/03/13

  • PREVIOUS RATING 14/08/12

    Neutral

  • permanent tsb Group

    Closing Price: 165c

  • RATING 03/08/17

  • PREVIOUS RATING 03/10/16

    Outperform

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