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Jun 4 2021, 08:05 IST/BST
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 | 275c |
Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 538c |
permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 146c |
An Post first announced in 2018 that it intended to launch a mortgage offering that would offer a significantly lower rate than those available at that time. Two new entrants have subsequently entered the market, while An Post continues to search for a partner. It remains to be seen, beyond its brand, what USP An Post can provide to a partner. To be successful, distribution will probably require access to the broker channel; therefore, the economics of paying two partners significantly erodes the returns of the lender.
Jun 4 2021, 08:05 IST/BST