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Jul 31 2023, 06:55 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Bank of Ireland||OUTPERFORM||11/03/13||Neutral||14/08/12||930c|
|permanent tsb Group||OUTPERFORM||04/02/21||Neutral||06/03/19||224c|
In an Irish context, the results of the EBA’s biennial stress test were perhaps not unsurprising but are nonetheless welcome, particularly as a domestic Irish bank outperformed the EU/EEA average for the first time since the EBA commenced stress testing exercises. The outcomes feed into the ECB’s annual Supervisory Review and Evaluation Process (SREP), where the results see both AIB and BOI remain in Buckets 3 and 2 respectively and impact on Pillar 2 guided (P2G) capital buffers – so it is unlikely to materially change P2G buffers at this point.