Avant Money has achieved a significant landmark by becoming the first fully-fledged bank in Ireland since 2005. Owned by the Spanish group Bankinter, it is expanding its services to include deposits alongside existing offerings like mortgages and loans. The bank has seen impressive growth, increasing its loan book substantially since being acquired from Apollo in 2019. Avant Money aims to challenge the dominance of established banks in the market, promising consumers more choices and competitive rates, while it continues to operate digitally without physical branches.
The move strengthens our ability to offer Irish consumers a broader range of products and services. With Bankinter's backing, we're excited to leverage our 28-year heritage in Ireland and build on the immense potential this market holds.
With Bankinter's support, we are well-positioned to provide exactly that. We're just getting started. The future is bright, and we're looking forward to delivering even more value to our customers in the years ahead.
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