0906 GMT - Other banks such as Bankinter's Avant Money will probably enter Ireland's consolidated market before Goldman Sachs, Davy Research says in a research note. Bloomberg reported that Goldman Sachs is considering expanding its digital bank Marcus into Germany and Ireland. "Compared to euro area averages, Irish households prefer to retain significantly larger balances in current and overnight accounts, with only small amounts of deposits held outside the three domestic banks," analysts Diarmaid Sheridan and Thomas Ryan write. The players that have entered the savings market in the country in recent years have had limited impact to date and the non-bank entity of Spain's Bankinter is set to launch its deposit offering soon. The analysts note that while Goldman is well resourced, it will likely be some time before its plans come to fruition. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 05:06 ET (09:06 GMT)
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