Last week, we learned Ireland is to get its first new full-service bank since 2005. Bankinter is the fourth-biggest Spanish bank. It has €113 billion of assets, making it slightly smaller than Bank of Ireland (€156 billion) and AIB (€136 billion). Bankinter intends to trade under its Avant Money brand. Why are foreign banks coming to Ireland? A trading update issued this Tuesday by Bank of Ireland hints at the attractive features of the Irish market. Since Ulster Bank and KBC’s decisions to leave Ireland, all the talk has been about banks leaving the Irish market. Ulster Bank was the…

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