Bawag has €1.15bn of Irish property loans as it moves ahead with MoCo mortgages
Ireland is Austrian bank’s second biggest market for commercial real estate lending
Acquisition: The headquarters of Bawag Bank in Vienna, Austria. Photo: Mark H. Milstein/ Bloomberg
Austrian bank Bawag has already built-up a €1.15bn book of Irish commercial property lending, mostly for residential property investments, as it moves into the mortgage market through new challenger brand MoCo.
The scale of Irish lending was outlined in a presentation shared with investors on Monday after the bank published financial results for the first three months of 2024.
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