Hawkish ECB: further upside to Irish bank NII guidance

  • Sectors : Banks
  • Companies : permanent tsb Group | AIB Group | Bank of Ireland


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 250c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 655c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 145c


While it may be well understood, it is worthwhile repeating — Irish banks are highly levered to rate rises and the pace at which rises are now being forecast will likely result in higher 2022 net interest income (NII) guidance and upside to 2023 forecasts when banks report with H1 2022 at end-July/early August.

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Jun 10 2022, 07:10 IST/BST