Bankinter to launch Ireland's first new full-service digital bank since 2008, boosting competition.

Bankinter, Spain's fifth-largest bank, plans to transform its Irish subsidiary, Avant Money, into a full-service bank starting April 2024, offering deposit accounts and expanding its services beyond loans and mortgages. This move, approved by the ECB and Spanish central bank, will introduce increased competition in Ireland's banking sector through a digital platform, marking the first new full-service bank entry since the financial crisis.

3 months ago
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