Make it happen with First Citizen Finance
First Citizen Finance is a leading provider of Retail Financial Services in the Irish Market, including Car Finance, Agri Finance and CRE lending. Headquartered in Dublin, it employs almost 100 people and provides a range of financial solutions across a diverse asset class.
First Citizen Finance raises €235m on the bond market for lending next year
21/09/2023
Car loans specialist First Citizen Finance has raised €235m on the bond markets to support its lending programme through 2024.
Car loans backed bond deal secures upgrade from rating agency Moody’s
07/10/2021
Rating agency Moody’s has upgraded bonds issued by Irish car loans company First Citizen Finance.
First Citizen Finance raises €176m to fund more car loans next year
06/11/2020
The Irish company has refinanced loans linked to its existing car finance business after demonstrating to investors how defaults have remained very low during the Covid-19 crisis.
First Citizen plans for expansion as profits pick up
27/10/2019
Non-bank lender First Citizen expects to grow earnings and assets by more than 20% this year after returning to profitability in 2018.
Moody's upgrades class B, C and D Notes' ratings and affirms the senior Notes' rating in Citizen Irish Auto Receivables Trust 2017 Designated Activity Company
04/05/2018
Frankfurt am Main, May 04, 2018 -- Moody's Investors Service ("Moody's") has today upgraded the ratings of class B, C and D Notes and affirmed the rating of class A Notes in Citizen Irish Auto Receivables Trust 2017 Designated Activity Company.
First Citizen win Editor's Award in Berlin
27/04/2018
The winners for the Motor Finance Europe 2018 awards have been announced. The awards ceremony took place at the close of the Motor Finance Europe conference at Berlin’s Hotel Adlon Kempinski on Thursday, April 26. The event brought together senior decision-makers within the British and European car finance industry, rewarding firms’ accomplishments following a gala dinner.
US hedge fund injects another €30m into First Citizen
25/04/2018
US hedge fund Magnetar Capital has pumped a further €30m into alternative lender First Citizen as the firm ramps up lending across its motor finance and commercial real estate platforms.
First Citizen Formally Launches New Funding for Commercial Property Lending
22/06/2017
First Citizen Finance DAC has announced today that it has secured funding with NatWest Markets of €150,000,000 for clients seeking to fund purchases or loan refinancing secured on office, retail, industrial and multi-unit family properties. The individual loan range is €500,000 to €7,500,000.
Dublin-based First Citizen Refinances €158m of Car Loans
02/06/2017
Dublin-based consumer finance firm First Citizen Finance has sold €158 million of bonds secured against motor loans written over the past three years – opening up a new avenue of funding for the industry in Ireland...
First Citizen Announces Details of New Capital Raise
01/06/2017
First Citizen Finance DAC (“the Company”) has announced today that it had concluded negotiations for the sale of 66.7% of the Company to Magnetar Capital (“Magnetar”) for a total of €28.2M...
First Citizen Finance Launches New Customer App for Car Finance
08/01/2017
Dublin – Sunday, 8th January 2017 – Available today, the First Citizen Abacus App offers prospective car buyers the ability to obtain a finance quotation in a fun and interactive way, using a smartphone or other mobile device...
Strategic Banking Corporation of Ireland (SBCI) and First Citizen Finance announce €50M in New Lower-Cost Funding For Irish Agri-Business SMEs
29/04/2016
The Strategic Banking Corporation of Ireland (SBCI) has today announced that First Citizen Finance has become the sixth lending partner to offer SBCI finance with a new €50m fund for Irish agri-business SMEs seeking to buy or lease machinery (including tractors, combine harvesters and balers).
First Citizen Completes White Labelling Deal with One Direct / An Post
17/05/2015
One Direct, a wholly owned subsidiary of An Post has announced today that it has entered the Secured Car Finance Market having concluded an agreement with First Citizen Finance to sell its products to Irish Motorists.
New Entrant to Car Finance Market Reports €2m Profit in First Year in Business
30/10/2014
Thursday 30th October 2014. First Citizen Finance Ltd (“First Citizen”) has today reported pre-tax profits of €2m in its first year in business.
First Citizen Announces Immediate Entry Into the Car Finance Market in Ireland
23/01/2014
First Citizen Finance Ltd (“First Citizen”) has announced today that it will enter the Car Finance Market in Ireland with immediate effect. The company is led by Chris Hanlon, one of the leading figures in the Car Finance Industry in Ireland over the past two decades and former Chief Executive of permanent tsb finance Limited.
Former Car Finance Executives Drive on with New Business
29/03/2013
Together with five of his former management team, Hanlon established a new business called First Citizen Finance Ltd, which has been appointed by Deutsche to manage the ptsb car finance loan book.
Disposal of Assets of permanent tsb Finance Limited
21/11/2012
permanent tsb Group Holdings plc (the "Group") has agreed to a disposal of the majority of the loan assets of permanent tsb Finance Limited ("PTSBF") to Consumer Auto Receivables Finance Limited ("CAR"), an SPV established for the purpose of the transaction.
PTSB Boss Starts New Business
30/10/2012
The head of Permanent TSB Finance, Chris Hanlon, has established a new business in conjunction with another executive at the division. Mr Hanlon's move comes as Permanent TSB is poised to offload the remainder of the finance arm to Deutsche Bank.
