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Aug 14 2023, 07:05 IST/BST
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.
Aug 14 2023, 07:05 IST/BST