Deposit churn remains muted

  • 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 395c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 855c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 170c


As noted earlier this week, further evidence that deposits are not migrating at significant rates from current and notice accounts to term deposit account despite the higher rates offered since late summer. Therefore, deposit betas remain low which may provide some upside to FY2023 net interest guidance provided by AIB Group (AIBG) and Bank of Ireland (BIRG) and a better trajectory into 2024.

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Jan 11 2024, 08:10 GMT