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Oct 6 2026, 15:20 IST/BST
Banks
Budget 2027 – SIA details revealed and bank levy rolled over
- 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 | 1130c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1896c |
DAVY VIEW
The final details of the savings and investment account (SIA), released today as part of Budget 2027, are broadly in line with expectations and will provide a long-term platform for investment in a more tax-efficient manner. We reiterate our view that the impact on deposits will be manageable, factoring in the annual contribution amounts, with long-term benefits from deeper customer relationships. Elsewhere, the bank levy remains unchanged and has been rolled over for another year, with an increase in the Help-to-Buy rebate also announced.
