Last edited: Aug 27, 2017 According to the Sindo: -Sparkasse, the biggest bank in Germany, wants to create an alternative to the major commercial banks, particularly in regional towns. - The European Investment Bank has indicated support for the €200m project. -Sparkasse, which issues half of all German mortgages at rates well below standard Irish rates, believes Ireland is ideal for its municipality-owned, non-profit model. - No approval from the CBI yet. DoF are refusing invitations to see Sparkasse model. - DoF say next step is report on community lending.