Deposit increases in line with expectations

  • 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 427c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 928c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 213c


Deposit increases are in line with expectations and we expect further increases across the rest of the banking system in the coming weeks, combined with increased campaigns around switching into savings accounts. Our forecasts into 2024 incorporate increased deposit costs – the key variable from here will be consumer responses and the extent that deposits switch into savings accounts. Political scrutiny has heightened in recent weeks and will likely remain elevated, albeit increases to deposit rates and awareness should alleviate some of the scrutiny.

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Aug 29 2023, 07:30 IST/BST