Financials

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FBD Holdings

Better outcome for 2023

FBD will report a strong FY 2023 outcome based on a favourable prior year development, providing further evidence of its conservative approach to claims. This increases the capital...

Harworth Group

2023 outturn to be ahead of expectations

Harworth has remained active through the rest of 2023 and into 2024. The market should take confidence from management’s ability to deliver consistently. For 2023, the group expects...

Banks

Primed to deliver

Irish banks are primed to deliver across earnings, return on tangible equity (ROTE) and capital distributions in the coming years. Earnings will remain resilient, even as rates fall,...

Banks

Subdued Q4 mortgage activity

The seasonal pick-up, typically seen in mortgage activity in Q4, did not fully materialise in 2023 – resulting in lower new lending for house purchase compared to our forecast. On first...

Harworth Group

Strong residential sales rate to finish 2023

The sale of just under 1,000 plots in December proves that Harworth’s ready-to-go residential product is being demanded by the market at a time of low liquidity. The fact that sales...

Banks

Deposit churn remains muted

As noted earlier this week, further evidence that deposits are not migrating at significant rates from current and notice accounts to term deposit account despite the higher rates...

Banks

First-time buyers continue to lead mortgage approvals

Key trends across mortgage approvals and credit and banking statistics remain broadly unchanged in November. Mortgage approvals continue to show the impacts of looser LTI rules and...

permanent tsb Group

Dividend restrictions lifted

The removal of the dividend blocker is welcome as a further key box ticked in PTSB’s investment case evolution, and a nice surprise in terms of timing. The decision is a reflection of...

Bank of Ireland

Revisions to UK partnerships announced

Against the backdrop of the divergent performance and outlook of the Irish and UK economies, active portfolio management to reduce exposures to subscale and the most economically...

Banks

Financial Stability Review in line; strong growth in first- time buyer approvals

The outcomes of the Financial Stability Review, with countercyclical capital buffers (CCyB) unchanged and the addition of PTSB as a domestic systemically important institution (O-SII), are...