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Top related persons:
Finance Paschal Donohoe - 1 Michael McGrath - 1 Clodagh - 1 McGrath - 1 Davy Stockbrokers - 1 Davy - 1 Padraic Halpin - 1 William Schomberg - 1
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Dublin Ireland LONDON
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Finance - 1 Public Expenditure - 1 REUTERS - 1 Rights - 1 TSB - 1 AIB - 1 Bank of Ireland - 1 Thomson - 1

Search resuls for: "Davy Stockbrokers"


2 mentions found


☆ Ireland hikes bank levy to 200 mln euros, revises methodology
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Clodagh Kilcoyne/ File Photo Acquire Licensing RightsDUBLIN, Oct 10 (Reuters) - Ireland will revise how it calculates its levy on banks after announcing plans to raise 200 million euros ($211.7 million) from the measure next year, up from 87 million euros in 2023, Finance Minister Michael McGrath said on Tuesday. The share paid by the remaining three banks is based on the amount of deposit interest retention tax (DIRT) each pay. McGrath told a news conference that the basis of the levy will change to being related to the value of a lender's deposits. Analysts at Davy Stockbrokers had said that an increase to 200 million euros based on the existing DIRT would have had an outsized impact on Permanent TSB (PTSB.I), relative to its larger rivals AIB (AIBG.I) and Bank of Ireland (BIRG.I). Davy estimated that the incremental impact from an increase based on retail or household deposits would be in the range of 2-3% of 2024 profit before tax across all three banks, based on its current forecasts.
Persons: Finance Paschal Donohoe, Michael McGrath, Clodagh, McGrath, Davy Stockbrokers, Davy, Padraic Halpin, William Schomberg, Mark Heinrich Our Organizations: Finance, Public Expenditure, REUTERS, Rights, TSB, AIB, Bank of Ireland, Thomson Locations: Dublin, Ireland, LONDON
☆ Profits, guidance up at Ireland's PTSB on NatWest loan deal
  + stars: | 2023-03-01 | by ( ) www.reuters.com   time to read: +2 min
DUBLIN, March 1 (Reuters) - Ireland's permanent tsb (PTSB) (IL0A.I) posted a jump in annual profit on Wednesday reflecting what it has called its "once-in-a-generation" purchase of loans from rival Ulster Bank. It posted a profit before tax of 267 million euros for 2022 versus a loss of 21 million euros a year earlier. Some 222 million euros of that arose primarily from taking on Ulster's mortgage and SME loan books, it said. Analysts at Davy Stockbrokers said the guidance indicated low- to mid-teen percentage upside to its forecasts and that the pace of European Central Bank interest rate rises could result in further upside. NatWest took a 17% share in PTSB as part of the loans deal, diluting the Irish government's holding to 62%.
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