Why Irish Banks Are Uniquely Positioned

I had the pleasure of hosting European banking analyst John Cronin for a deep dive into the Irish banking sector last week. Our conversation covers a range of topics, focusing on the state of Irish banking and investment opportunities in the sector.

John is author of the superbly researched Financials Unshackled substack. He runs SeaPoint Insights, a research and analysis firm specializing in financials. Previously, he was a top-ranked institutional equity and fixed income analyst at Goodbody, specializing in UK/Irish banks (and real estate).

Here’s what you’ll get from our conversation:

• Quick history lesson on Irish banking

• How the landscape has evolved and what it looks like now

• Why the business has changed for the three listed banks

• Valuations today, and how the sector/opportunity may evolve

• Discussion of AIB Group (Dublin: A5G, London: AIBG)

• Discussion of Permanent TSB (Dublin/London: PTSB)

• European bank consolidation, and Irish banks as takeover targets

• Risks: macro, disruption/investment spend, rates, euro fragments

• Preview of UK banking deep dive (coming in January)

The conversation on Irish banking was recorded on December 5, 2024.

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