Finance Minister confirms extension of Bank Levy

  • 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 424c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 944c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 210c


The confirmation that the Bank Levy will be extended will not come as a surprise, albeit we await confirmation on quantum and calibration. Our base case remains that, regardless of its flaws, the current methodology will remain. The introduction of a ‘surplus tax’ in Italy has again increased perceived risk factors on political intervention – actual intervention has been the exception in Ireland and, most importantly, budgetary dynamics are quite different in Ireland and Italy as cost of living packages are put in place.

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Aug 14 2023, 07:05 IST/BST