Financials

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AIB Group

Further progress on NPE front

AIB continues to make good progress on non-performing exposure (NPE) resolution in a capital-accretive manner. The sale announced this morning puts AIB in touching distance of its 3%...

Harworth Group

CMD highlights company’s ability to add value

Harworth is continuing to deliver admirably against both a challenging backdrop and ambitious targets. On a 25% discount to our year-end NDV, the stock is cheap at these levels and we...

Banks

Uncertainty remains on regulatory capital levels

The Central Bank of Ireland’s (CBI) clarity on levels of Countercyclical Capital Buffers (CCyB) and confirmation that the Systemic Risk Buffer (SyRB) will not be proceeded with should...

Banks

Hawkish ECB: further upside to Irish bank NII guidance

While it may be well understood, it is worthwhile repeating — Irish banks are highly levered to rate rises and the pace at which rises are now being forecast will likely result in higher...

FBD Holdings

Challenge to personal injuries guidelines rejected

The rejection of the challenge to the personal injuries guidelines is a positive development given the importance of the change in the guidelines to the overall industry reform....

AIB Group

Accretive tracker mortgage acquisition confirmed

The binding agreement with NatWest confirms an earnings and returns accretive transaction, utilising surplus capital and liquidity and acquired at an attractive price. Following the...

Bank of Ireland

Completion of Davy acquisition

The completion of the Davy acquisition marks further execution of Bank of Ireland’s (BOI) strategy and provides a material increase in wealth assets under management and a leading...

Irish banks and housebuilders

Housing: rate rises less impactful to Ireland

Lending for house purchase in Ireland is likely to perform significantly better than other European countries as mortgage rates rise due to the conservative macroprudential rules in...

Banks

Non-bank lenders importance in mortgage market

The Central Bank of Ireland’s (CBI) report on the impact of non-bank lenders in the mortgage market is consistent with our findings across a number of reports. Non-bank lenders have...

FBD Holdings

Material re-rating opportunity awaits

We believe that FBD is now moving to a position where it can return material value to shareholders in the coming years through a combination of a release of surplus capital and balance...