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Aug 28 2026, 08:21 IST/BST
Banks
Mortgage approvals continue to increase
- 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 | 1079c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1877c |
DAVY VIEW
Recent trends in approvals continued in July, with ongoing increases across main categories. On a 12-month rolling basis, approvals stand at €17.9bn. Re-mortgaging approvals continue to increase, driven by the dual trends of higher roll-off of fixed rates and as official interest rates begin to increase. Bank lenders have yet to change pricing; if rate markets are correctly predicting European Central Bank (ECB) trajectory, this will need to start towards the end of the year.
