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Jun 23 2023, 08:35 IST/BST
Banks
Tracker mortgage ruling
- 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 | 398c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 931c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 222c |
DAVY VIEW
Despite the closure of the Central Bank’s Tracker Mortgage Examination (TME), potential exposure to further remediation remains from cases being heard by the Financial Services and Pension Ombudsman (FSPO) and associated challenges in the High Court. The impact of the latest ruling, relating to Ulster Bank, remains unclear in terms of direct financial impact for Ulster Bank and read across for the rest of the system. Nonetheless, any impact should be manageable.
