Press releases

Dublin-based First Citizen Refinances €158m of Car Loans
- Auto Securitisation, 02/06/2017

First Citizen Announces Details of New Capital Raise
- Press Release, 01/06/2017

FIRST CITIZEN FINANCE LAUNCHES NEW CUSTOMER APP FOR CAR FINANCE
- Press Release, 08/01/2017

STRATEGIC BANKING CORPORATION OF IRELAND (SBCI) AND FIRST CITIZEN FINANCE ANNOUNCE €50M IN NEW LOWER-COST FUNDING FOR IRISH AGRI-BUSINESS SMES’
- Press Release, 29/04/2016

First Citizen completes white labelling deal with One Direct/ An Post
- Press Release, 17/07/2015

New entrant to car finance market reports €2m profit in first year in business
- Press Release, 30/10/2014

First Citizen announces expansion into Mortgage and Real Estate Asset Management Market in Ireland
- Press Release, 15/06/2014

 

First Citizen announces immediate entry into the Car Finance Market in Ireland
- Press Release, 23/01/2014

Former car finance executives drive on with new business
- Irish Times, 29/03/2013

Disposal of assets of permanent tsb Finance Limited
- permanent tsb Group, 21/11/2012

PTSB boss starts new business
- Irish Independent, 30/10/2012

De Lage Landen takes over Permanent TSB bank’s agricultural portfolio
- De Lage Landen, 22/03/2012

Autoline

Autoline is our custom developed online proposal entry system which we introduced in 1998.

Autoline is used nationwide by our supporting Dealer network. Autoline provides full point of sale functionality from Quotations to Documentation. The system is user friendly and provides a two way link from us to each Dealership.

 

If an underwriter requires additional information they can request this down the line rather than delaying the process through phone calls. Applications entered through this channel are processed faster than other manual options. There is also an Auto Accept facility which can be enabled to enable straight-through processing of applications meeting pre-acceptance criteria.

 

Also included is the facility to print invoices and reports to keep updated on stocking arrangements. All new business schemes and Credit Insurance training presentations are included so that each Dealer can produce accurate and fully compliant documentation to each customer.

 

Autoline is fully web-based and the only installation requirement is internet access and Microsoft Internet Explorer.

overview

First Citizen Finance DAC is a newly established company set up and staffed by the team of permanent tsb Finance Ltd.

 

As part of the Irish Life & Permanent Group, permanent tsb Finance was one of the largest consumer finance companies in Ireland. From 1993 to 2011, when the group was nationalised it was the largest provider of car finance with brands such as Opel, Nissan, Hyundai and Kia amongst others with a reach of over 500 of Ireland's largest motor dealers. At its peak in 2008, it was processing over 100,000 applications per annum for credit in Ireland over a diverse range of products in cars, motorcycles, agricultural machinery, film finance, office equipment and computers amongst others. In addition, it also managed the indirect personal lending for the group. Total assets under management would have exceeded €10.75 billion within over 1.5 million customer accounts.

 

We have now been contracted as First Citizen Finance to provide these services to a number of the largest financial services companies in Europe including Ireland. We can assist them in their retail, commercial and corporate portfolio with an emphasis on arrears and the collection of assets.

 

Our solutions will ensure that your customers can expect the same level of professionalism that we have provided over the last 20 years in Ireland.

WHY CHOOSE US FOR OUTSOURCING SERVICES?

  • 1st in bank outsourcing solutions
  • Origination & fulfilment
  • Design & implementation of finance programmes
  • More than 25 years experience
  • Full MIS support enabling control
  • Immediate market presence

  • Full market visibility
  • Nationwide coverage
  • System driven response
  • Comprehensive view of dealer network
  • Full arrears & underwriting history

  • Competitors have narrow focus versus our broad coverage
  • Small competitors not nationwide
  • Inability of competitors to computerise offerings
  • Competitors lack full collection facilities
  • Competitors have no re-marketing capabilities

management team

Chris Hanlon
Managing Director

View Bio

Gearoid O’Daly
Operations Director

View Bio

Gerard Hargadon
Head of Sales

View Bio

Lorcan O’Tighearnaigh
Head of Credit & Risk

View Bio

Pat Murphy
Area Regional Manager (South)

View Bio

Michael Fleming
Area Regional Manager (West)

View Bio

Cathal MacCarthy

View Bio