|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||4.1100 - 4.1100|
|52 Week Range||2.0400 - 4.3000|
|Beta (5Y Monthly)||1.83|
|PE Ratio (TTM)||13.26|
|Forward Dividend & Yield||0.07 (1.64%)|
|Ex-Dividend Date||Mar 30, 2023|
|1y Target Est||N/A|
Ireland's two dominant banks, AIB Group and Bank of Ireland, expect commercial real estate values to fall this year but said this week conservative underwriting in their lending to the sector will make any revaluation manageable. Ireland's largest life insurer Irish Life, a unit of Canada's Great-West Lifeco Inc, introduced a six-month notice period for withdrawal requests from a 500-million-euro ($526.95-million) property fund on Monday, citing an increase in the level of customer withdrawals. The commercial property market is facing a challenging period due to the reduction of office demand and consequences of higher interest rates, Colin Hunt, chief executive of AIB, the country's largest mortgage lender, said on Thursday.
Ireland sold 5% of Allied Irish Banks (AIB) to institutional investors for 396.6 million euros ($396.24 million), the finance ministry said on Tuesday, part of a drive to sell down bank stakes acquired during the financial crisis. Dublin began gradually selling shares in AIB for the first time since a 2017 IPO at the start of the year through a share trading plan, and Monday's placing marked the second time in five months it has sold a 5% stake in one go. As a result of the placing, at 2.96 euros per share via an accelerated book build, the overall size of Ireland's shareholding will be reduced from to 57% from 62%, Finance Minister Paschal Donohoe said in a statement.
The Irish government received more than enough demand to cover the sale of 8% of its majority stake in Allied Irish Banks (AIB) in an accelerated book build on Monday, one of the joint bookrunners said. As a result of the placing, the overall size of Ireland's shareholding will be reduced from 62.9% to 57%, Finance Minister Paschal Donohoe said in a statement. Ireland pumped 64 billion euros ($64.2 billion), or almost 40% of its then annual economic output, into the country's banks just over a decade ago following a huge property crash.