Financial Stability Review in line; strong growth in first- time buyer approvals

  • 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 422c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 888c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 173c


The outcomes of the Financial Stability Review, with countercyclical capital buffers (CCyB) unchanged and the addition of PTSB as a domestic systemically important institution (O-SII), are in line with expectations. This provides some confidence that the period of capital buffer build in Ireland is coming towards an end. Elsewhere, mortgage approvals for October are consistent with trends evident across 2023. First-time buyer (FTBs) approvals continue to increase with material falls in re-mortgaging. Growth in FTBs is positive for overall mortgage volume growth.

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Nov 24 2023, 08:10 GMT