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.
-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.
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