Avant Money has achieved a 21 per cent increase in profits during the first nine months of 2026, driven by continued expansion of its loan book and the introduction of deposit accounts in the Irish market earlier this year.
The Spanish-owned bank, which operates as a subsidiary of Bankinter Group, has strengthened its position in Ireland’s finance sector through strategic product diversification and growing customer demand for its lending services.
Key facts
- Avant Money recorded a 21 per cent profit increase in the first nine months of 2026
- The bank launched Irish deposit accounts earlier in 2026
- Loan book expansion has contributed significantly to profit growth
- Avant Money is owned by Spanish banking group Bankinter
Deposit Account Launch Marks Strategic Expansion
The introduction of deposit accounts represents a significant milestone for Avant Money, which has historically focused primarily on mortgage and loan products in the Irish market. The move enables the lender to diversify its funding sources while offering Irish customers additional banking options.
By launching deposit accounts, Avant Money joins a competitive savings market in Ireland where traditional banks and newer entrants vie for customer deposits amid fluctuating interest rate environments. The timing of the launch coincides with the bank’s broader growth strategy to establish a more comprehensive banking presence in Ireland.
Loan Portfolio Growth Drives Financial Performance
The expansion of Avant Money’s loan book has proven instrumental in delivering the 21 per cent profit uplift. The bank continues to attract borrowers seeking alternatives to traditional Irish banking institutions, particularly in the mortgage market where competition has intensified in recent years.
Avant Money’s parent company, Bankinter, has supported the Irish subsidiary’s growth ambitions through capital investment and operational expertise. The Spanish banking group has identified Ireland as a priority market within its international expansion strategy, positioning Avant Money to capitalise on opportunities in lending and deposit-taking services.
The profit growth comes at a time when Ireland’s banking sector continues to undergo structural change, with international players like Avant Money increasingly challenging established domestic lenders. The bank’s performance in the first three quarters of 2026 suggests its competitive positioning has resonated with Irish consumers and businesses seeking alternative financial services providers.
Reporting based on original coverage by the original source.