Banking
MoCo Austrian parent firm amasses €1bn in Irish commercial property loans
Bawag is currently making moves into the Irish mortgage market through its challenger MoCo brand
Bawag, the Austrian bank, currently has more than €1 billion in Irish commercial property loans on its books, making us the bank’s second-largest country after the US.
The €1.15 billion in loans means that 23 per cent of the bank’s commercial real estate lending is located here.
American loans make up 48 per cent of the company’s commercial loan book, while Germany, Austria and Switzerland collectively make up 11 per cent.
Nearly all of the bank’s Irish lending relates to deals with commercial real estate investors, Vienna-based Bawag confirmed in a statement to the Business Post.
