Download full report with analyst certification and important disclosures
Sep 26 2025, 07:00 IST/BST
Banks
August mortgage approvals: consistent value growth; softer volumes
- 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 | 775c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1399c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 226c |
DAVY VIEW
Mortgage approval values continued to demonstrate robust growth, hitting another record high on a rolling 12-month basis and underpinning continued strength in the market. While volumes declined year-on-year (yoy), the trend does not yet suggest structural weakness, although we will monitor for signs of persistence. We maintain our €14bn mortgage drawdown forecast for 2025 as current momentum remains supportive.
