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Apr 29 2022, 15:20 IST/BST
Banks
Competition approvals; mortgage market
- 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 | 207c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 580c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 152c |
DAVY VIEW
The read-across from the Competition and Consumer Protection Commission (CCPC) ruling on AIB’s Ulster Bank acquisition, which is based on what would happen if the transaction did not occur, should be positive for the outstanding decisions in train. In addition, further details have been provided on the structure of the Irish mortgage market, with the broker channel now accounting for c.40% of originations.
