Monday, May 20, 2024
Monday, May 20, 2024
HomePet Industry NewsPet Financial NewsBawag has €1.15bn of Irish property loans because it strikes forward with...

Bawag has €1.15bn of Irish property loans because it strikes forward with MoCo mortgages

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Ireland is Austrian financial institution’s second greatest marketplace for business actual property lending

Acquisition: The headquarters of Bawag Bank in Vienna, Austria. Photo: Mark H. Milstein/ Bloomberg

Austrian financial institution Bawag has already built-up a €1.15bn e book of Irish business property lending, largely for residential property investments, because it strikes into the mortgage market by way of new challenger model MoCo.

The scale of Irish lending was outlined in a presentation shared with traders on Monday after the financial institution printed monetary outcomes for the primary three months of 2024.

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