Financial Stability Review – no surprises

  • 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 290c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 744c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 171c


The increase in the countercyclical capital buffer (CCyB) to 1ppt is in line with the Central Bank of Ireland’s (CBI) guidance and it remains its view that a 1.5ppt rate is the neutral Irish rate. Consolidation in the domestic market may impact the other significantly important institutions buffer (O-SII) – it will be at least another year (and perhaps two) before we understand how this will play out – which is unfortunate given that clarity on capital buffers remains an important facet of investment cases.

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Nov 24 2022, 15:35 GMT