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Jun 26 2026, 07:00 IST/BST
Banks
May mortgage approvals: strong double-digit growth
- 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 | 1038c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1774c |
DAVY VIEW
May mortgage approvals were particularly strong, with double-digit growth in both value and volume. First-time buyers (FTBs) remain the primary driver. Remortgaging and top-up activity continues to accelerate at pace and accounts for a material share of total approvals. Mover purchase approvals maintain growth, but the share of overall activity remains below historical norms, reflecting constrained housing liquidity. We remain confident in our mortgage drawdown forecast.
