Finance Ireland, Ireland’s largest non-bank lender, today announces a series of shareholder transactions including a new €50m equity raise and; Fund controlled and managed by M&G plc acquires substantial equity stake and; Transaction will see the Ireland Strategic Investment Fund exit the business after 6 years of supporting the scaling…
We at Finance Ireland are aware of the recent increase in fraud in the Financial Services Sector. We advise customers and members of the public to remain vigilant against online fraud and cyber activity, in particular we are asking you to be wary of fake websites and social media accounts…
Finance Ireland announces major innovation for Irish mortgage market Launches 20-year fixed rate mortgage – from just 2.60% (2.66% APRC) Twice the length of longest fixed rate currently available Range of terms and options give unprecedented flexibility “One of the most significant innovations in the Irish mortgage market in 30…
Finance Ireland Group and subsidiaries remain open for business as usual. We are continuing to follow Government and HSE advice and have taken measures to ensure the continuity of service to our customers and partners. For any customers concerned about their ability to meet their loan repayments as a result…
Finance Ireland, Ireland’s largest non-bank lender, has mandated Bank of America Merrill Lynch, BNP Paribas and Citi as Joint Lead Managers for its inaugural RMBS transaction backed by a portfolio of c. €290m Irish owner-occupied and buy-to-let mortgage loans. Finance Ireland entered the Irish residential mortgage market in December 2018…
Finance Ireland reports 27% increase in profits in 2018 Profit before tax €10.5m (+27%) Record new lending €491m in 2018 (+13%) to SMEs, farmers, property professionals and consumers More than €1bn in new motor finance since inception in 2011 Successful entry to residential mortgage market Finance Ireland, Ireland’s largest non-bank…
Finance Ireland – Ireland’s largest non-bank lender – has launched a comprehensive range of residential mortgage products to compete with the main banks. It entered the residential mortgage market last December through the acquisition of Pepper’s residential mortgage business. Finance Ireland will distribute its mortgage products exclusively through regulated mortgage…
Finance Ireland announces that its lending to Dairy Farmers has now surpassed €100 million. 17 Co-Ops now making Finance Ireland Milkflex loans available to members with the average loan amount of approximately €100,000. Further borrowing to support growth expected in months ahead Ireland’s largest non-bank lender, Finance Ireland, has…
Finance Ireland announces entry into Irish residential mortgage market Announces agreement to acquire Pepper Money’s Residential Mortgage platform in Ireland Plans to launch additional mortgage products in the New Year Thursday 18th October 2018. Finance Ireland, the country’s largest non-bank lender, has confirmed that it is accelerating its plans…
Finance Ireland, supported by funding from the Ireland Strategic Investment Fund (ISIF) and Rabobank, has announced that it plans to make the MilkFlex loan product available through participating Co-Ops across Ireland. The new facility will offer flexible, competitively priced loans to dairy farmers with repayments linked to movements in milk…
Largest non-bank lender announces record profits and new lending for 2017 Profit before tax rises to €8.3m (an increase of 226% on continuing operations*) Record new lending of €435m to SMEs, property owners, farmers and consumers New lending in Commercial Mortgages up 328% to €123 million SME leasing up 50%…
Profits double at Finance Ireland Profit before Tax €6.3m + 97% New lending of €305m + 80% Net Assets €72.4m + 81% Assets under Management – €520m Finance Ireland Group, Ireland’s leading non-bank lender, has published its accounts for the year ended 31st December 2016. Finance Ireland is led…
Statement by Finance Ireland Ireland Strategic Investment Fund (ISIF) to take €30 million equity stake in Finance Ireland Investment underpins the company’s ambitious plans to further expand its SME, Agri, Motor and CRE lending This deal marks another milestone for the company following a substantial investment by a global investment…
Glanbia Co-operative Society (‘the Society’), the Ireland Strategic Investment Fund, Rabobank and Finance Ireland announce the planned creation of a new €100 million ‘Glanbia MilkFlex Fund’ (‘the Fund’). The Fund will offer flexible, competitively priced loans to Glanbia milk suppliers with loan repayments which can vary according to movements in…
We are pleased to announce that, following an EGM held at 12.00 noon today, Finance Ireland Limited shareholders approved that PIMCO take a minority equity stake in the Company via their investment vehicle PIMCO BRAVO Fund II, L.P., a $5.5 billion private equity fund. With circa $1.5 trillion assets under…
New €50m SBCI package for equipment, machinery and vehicles through Finance Ireland, a specialist SME lender Builds on €400m SBCI loans already available through AIB and Bank of Ireland “Supporting non-bank finance will help drive competition in Irish SME lending” CEO Nick Ashmore The Strategic Banking Corporation of Ireland (SBCI)…
