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Sep 9 2019, 17:35 IST/BST
Banks
Minister for Finance investor briefing
- Sectors : Banks
- Companies : permanent tsb Group | AIB Group | Bank of Ireland
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 241c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 385c |
| permanent tsb Group | NEUTRAL | 06/03/19 | Outperform | 01/08/18 | 108c |
DAVY VIEW
The key take-aways from our investor briefing with the Minister for Finance are that while the economy is facing uncertainties from Brexit it is doing so from a position of strength. Reform of global tax policy presents different challenges and informs the approach to government spending. From a banking perspective, the Minister re-iterated that the state is not a long-term holder of its stakes while regulators understand that individual decisions on capital buffers must also be considered in an overall capital perspective.
