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Mar 31 2026, 07:05 IST/BST
Banks
February mortgage approvals: return to solid demand
- Sectors : Banks
- Companies : 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 | 867c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1522c |
DAVY VIEW
February mortgage approvals signalled robust demand following recent months of subdued activity. First-time buyers (FTBs) remained the primary driver, with mover purchase and top-up activity continuing as supportive. Looking through monthly volatility, longer-term approval trends indicate a healthy lending pipeline, reinforced by ongoing growth in housing commencements. We reiterate our mortgage drawdown forecast, with underlying trends remaining intact.
