German banks to enter Irish Mortgage Market

Purple

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I heard from a friend that two German banks are set to enter the Irish mortgage market and will offer tracker mortgages at 0.5% or less above the ECB base rate but I can’t find any information to back this up. Has anyone else heard this?
 
The head of Commerzbank didn't seem to keen to enter the Irish mortgage market when interviewed in the Irish Times a few weeks ago.
 
You sure that wasn't Danske Bank entering the Irish market through the purchase of NIB?
 
Is this what you are talking about from the Business Post (Refers to UK banks) See [broken link removed]

I've read that a german bank is looking at entering the Irish market for those who find it hard to get mortgages
competing with GE etc
 
CCOVICH said:
Danske are Danish.
Yeah I know, but to someone who's never heard of them 'Danske Bank' might sound a lot like 'Deutsche Bank'. just a thought,