Welcome to the First Citizen blog

While the company name First Citizen Finance might have been registered in October 2012, the story, management and success of this company spans over three decades. The company, born from an MBO during the chaotic days of the last recession, has proved it can stand on its own...

Speaking today, Chris Hanlon, founder and Managing Director, said that the securitisation had been well supported by institutional investors; “The Investors, most of whom had invested in prior placements identified the strong management engagement through the Pandemic. It also attracted interest from larger investors. This is good news for the Irish motor industry and the strong response testifies to the confidence in the underlying strength of that market. There are over 2.2 million passenger cars on the road and they will need replacement over time. The replenishment period means that we can tap into additional funds through next year without having to organise a full new securitisation.”

A constant demand on any business is the requirement for investment. This demand is driven by the need for growth, adaptation to changing market demands and competitive forces challenging market share.

Last Wednesday 4th December, the official launch took place of the 2020 ‘201’ edition of the Auto Ireland magazine, a 113 page buying guide to new cars in Ireland.

Last week one of the pillar banks agreed to sell non-performing loans to the value of €850m to an Irish affiliate of the US private equity fund, Cerberus.

Today, we kicked off our national series of CPD training events in Drogheda with a large group of motor dealer delegates from across the northeast.