Bankinter’s Irish mortgage lending share outstrips home market in Spain

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Bank sees home loan book here grow strongly over last 12 months

The group said that its Avant Money unit in Ireland saw its mortgage book grew 41 per cent year on year. Photograph: iStock

The group said that its Avant Money unit in Ireland saw its mortgage book grew 41 per cent year on year to €2.7 billion, with new lending for the first nine months of the year rising by 37 per cent to €900 million. Net interest income for the first nine months of the year increased by 7 per cent to €73 million, while its pretax profit advanced 12 per cent to €290 million.

Avant Money is currently a nonbank lender in Ireland, albeit funded by its parent bank, offering mortgages and consumer finance.

 

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