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Dec 17 2021, 07:15 GMT
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 | 219c |
Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 506c |
permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 149c |
The Central Bank of Ireland’s (CBI) consultation points to little, if any, change in the mortgage measures. Indeed, the main focus appears to be on differentiated loan-to-value (LTV) measures, which is somewhat odd given significant evidence in support of this approach. Loan-to-income (LTI), a crude measure, appears to be here to stay with little indication that the 3.5x multiple will change either; in this case, new mortgage lending will remain extremely conservative versus other European markets. Elsewhere, the BOE’s rate increase will provide modest, but welcome, benefits to both BOI and AIB.
Dec 17 2021, 07:15 GMT