Avant Money's Loan Book Remains Stable at €4 Billion, Deposits Offering Anticipated

Avant Money's loan book remains stable at €4 billion, with a mortgage book expansion of 22% to €3 billion in the 12 months to June. Net interest income rose 15% to €55 million, while pretax profit nudged 2% higher to €21 million. Consumers are awaiting the launch of a deposits offering from Avant, which is expected to gather €100 million-€200 million in 2025.

Irish lender Avant Money reported that its loan book remained stable at €4 billion at the end of June, according to its Spanish parent, Bankinter. This figure represents a 20% increase from the same period last year. The company's mortgage book expanded by 22% to €3 billion, with the consumer portfolio growing by 13% to €1 billion over the same period [1].

Net interest income for Avant Money rose by 15% to €55 million in the first half of the year, while pretax profit increased by 2% to €21 million. This performance is attributed to the company's digital, rather than branch network, strategy, which kept running costs at 47% of total income, below the typical target for retail banks [1].

Bankinter, the fifth-largest Spanish bank, expects Avant Money to gather €100 million-€200 million in deposits by the end of 2025. This deposit collection is expected to gradually increase the Irish loan book's local funding over the next eight years [1].

Meanwhile, Mexican lender Banorte reported a 4% bump in its second-quarter net profit, boosted by an expanding loan book. Net profit for the period was 14.62 billion pesos ($779.09 million), and net interest income grew by 12% year-over-year due to a larger loan book and reduced funding costs [2].

References:
[1] https://www.irishtimes.com/business/2025/07/24/avant-loan-book-remains-at-4bn-as-deposits-offering-awaited/
[2] https://www.investing.com/news/stock-market-news/mexicos-banorte-posts-4-profit-bump-as-loan-book-grows-4147051