First Citizen Finance, the Dublin-based alternative lender, is being sold to European private credit and real estate investment platform Arrow Global. The business has a book made up of motor finance, agri-finance and commercial retail lending. It was founded in 2012 by former Permanent TSB banker Chris Hanlon. The business made an €11.7 million loss in 2023, and is thought to have a book in the range of about €500 million. It made a profit of €6.44 million in 2022 but the business was impacted the following year after its funding costs rose. First Citizen’s motor finance loan book accounts…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .