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Oct 27 2023, 07:40 IST/BST
Banks
Irish mortgage lending still resilient
- 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 | 412c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 875c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 192c |
DAVY VIEW
This morning’s Banking & Payments Federation Ireland (BPFI) data show the continuation of resilient demand, particularly from first-time buyers, with approvals and drawdowns in the purchaser component increasing by 12% and 5% respectively year-to-date. This is masked by headline numbers, which continue to be impacted by the fall-off in demand for re-mortgage products. Overall, today’s releases support our mortgage forecast of €12.2bn for 2023.
