Download full report with analyst certification and important disclosures
Jun 17 2025, 16:07 IST/BST
Banks
Base remuneration restrictions to be removed
- 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 | 681c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1175c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 187c |
DAVY VIEW
While the announcement regarding the removal of base pay restrictions is a step in the right direction and is welcomed, the continuation of restrictions on variable pay will act as a constraint on incentivisation and retention. It is also a positive that PTSB is included and will not be at a competitive disadvantage relative to AIB (AIBG) or Bank of Ireland (BIRG) following today’s change.
