Davy Morning Equity Briefing
Aug 31, 2026
Irish banks
Structure of savings accounts revealed
The Savings and Investment Accounts (SIAs) are a welcome move to simplify a highly complex retail investing market. We await details on the finer, quantitative aspects of the scheme. However, the details provided are supportive of our view that the new accounts will not have a material impact on deposit franchises.
Economics weekly
Corporation tax set for an Apple boost in August
We expect that Ireland’s inflation rate for August likely remained at about 3%, although upside risks to this include a faster increase in energy prices. With Apple’s corporation tax due this month, there could be a boost given a strong result in March, favourable base effects, the new 15% rate and the firm’s robust revenue growth. More broadly, a favourable result for the Irish economy in Q2 is likely, driven by consumer spending and modified investment.
