Uncertainty remains on regulatory capital levels

  • 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 242c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 627c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 144c


The Central Bank of Ireland’s (CBI) clarity on levels of Countercyclical Capital Buffers (CCyB) and confirmation that the Systemic Risk Buffer (SyRB) will not be proceeded with should be welcomed. However, the assessment for the CCyB leaves more questions than answers, particularly the range of Tier 1 it has assessed as appropriate. Irish banks are well capitalised (as demonstrated during 2020), and the CCyB reinstatement looks manageable, but uncertainty on baseline requirements remains unwelcome.

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Jun 16 2022, 07:25 IST/BST