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Feb 17 2021, 08:20 GMT
Banks
Ulster Bank committee threat; Bank of Ireland/An Post agreement
- 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 | 166c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 340c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 91.0c |
DAVY VIEW
The threat from the Finance Committee to Ulster Bank is unlikely to result in legislation as it would most probably be unconstitutional. Meanwhile, allowing customers to transact services with An Post (Irish postal service) is a required step if Bank of Ireland (BOI) is to consider a material reduction in its branch network; AIB and Ulster Bank customers already access transaction services via the An Post network.
