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May 13 2026, 07:00 IST/BST
Banks
Banks monthly: framing Ireland’s mortgage opportunity
- 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 | 956c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1652c |
DAVY VIEW
Ireland’s mortgage market is set to sustain strong growth, driven by structural demand from first-time buyers (FTBs). This is supportive of Irish bank balance sheets and earnings. Higher interest rates are likely to have a limited impact on affordability given conservative underwriting standards, although build cost inflation poses a risk on the supply side. With housing supply constraints appearing to be easing, the outlook for mortgage-led balance sheet growth and capital generation remains attractive.
