Friday, May 24, 2024

Spain’s Bankinter to enter Irish market

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The bank would be the first new entrant since 2005 after a series of exits following the financial crash

Spain’s Bankinter is to enter the Irish banking market after its success in mortgages through Avant Money.

The company said it will seek a full banking license to service Irish customers and plans to expand its product and services, starting with deposit products.

Neil Corbett, chief executive of Avant Money, said the announcement showed “a clear commitment” to Ireland.

“It will allow us to better meet the needs of customers by further leveraging Bankinter’s innovative …

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