Lending in Ireland by Avant Money's parent company up 41%

Company plans to open a new banking branch in Ireland, which would allow it to offer a wider range of financial products and services

Bankinter Group posted profits of €473.5m for the first six months of the year. 

Lending in Ireland by Avant Money’s parent company has increased by 41% to €3.5bn compared to last year, with plans already in place for the company to expand its operations across the country.

Spanish bank Bankinter said its Irish operations saw a pre-tax profit of €20m during the year, which is 20% higher than a year ago. Of the total lending in Ireland, €2.6bn is related to mortgages, which is a 51% increase year-on-year.