• Profit before tax €20.3 million (+95%)
• New lending €646 million in 2024 (+19%)
• Customer loan balances €1,204 million (+14%)
• Finance Ireland has provided €7 billion in new lending to Irish SMEs, farmers, property professionals, and consumers since entering the market.

Finance Ireland, Ireland’s largest non-bank lender, has announced strong growth in profits, loan balances and new lending for 2024.

Profit before tax was €20.3m, up 95% from the €10.4m reported in 2023. Total origination for the year was €646m, an increase of 19% from 2023. Total customer loan balances increased by 14% to €1,204 million. The growth in profit before tax reflects strong business momentum along with capital and funding efficiencies achieved through the year.

The group remains well positioned for further growth with balance sheet net assets of €282m on 31st December 2024 along with cash balances of €91m.

Finance Ireland was founded by and is led by Billy Kane.  The company employs c140 people and lends across multiple platforms including Motor Finance, Commercial Mortgages, SME Leasing and Agri Finance.

In recent months, the company has raised in excess of €700m from two separate securitisation transactions. Both transactions were heavily oversubscribed, with investor demand significantly in excess of the levels sought by Finance Ireland.

Finance Ireland CEO Billy Kane said:

“This was another great year for Finance Ireland. During 2024 we continued to invest in building out our lending platforms and in supporting our goal to challenge and win against the dominant Irish retail banks.”

We have been very successful in winning new business, entering new markets and selectively making high-quality acquisitions that support our long-term growth ambitions. We remain active in the market and continue to explore add on opportunities where they make sense for us.

“Looking ahead, we have had a strong start to 2025 and remain committed to bringing much needed competition to the Irish banking market.”

Issued on behalf of Finance Ireland by Gordon MRM

Ref: Ray Gordon / David Clerkin

Email – financeireland@gordonmrm.ie

About Finance Ireland

Finance Ireland Group, Ireland’s largest non-bank lender, provides finance across multiple platforms including motor, commercial real estate, agri and SME asset finance. Regulated by the Central Bank, it is privately owned with significant minority investments from major international institutional investors. Established in 2002, it is headquartered in Ballsbridge, Dublin 4.