27 January 2014

First Citizen plans growth in auto finance

A former head of TSB car finance is to expand his automotive financing operation in Ireland, with the backing of Deutsche Bank and other international lenders, writes Brian Byrne.

Chris Hanlon's First Citizen Finance now distributes its finance products through motor dealers across the country, online via firstcitizen.ie and by phone at 01 8846700. Mr Hanlon was previously chief executive of permanent tsb finance ltd, and since the new company was set up last year it has managed the former loan book of permanent tsb finance.

The company has also taken up the sponsorship of the Auto Ireland New Car Guide which permanent tsb had sponsored for 19 years, compiled by the magazine's founder Brian Foley. It is available online at the First Citizen website.