Lease Team

Close Brothers marks 10 years in Ireland

11/12/2017

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Close Brothers Commercial Finance is delighted to be celebrating 10 years of trading in Ireland this year. It has also relocated and expanded its offices in Cork and Belfast as part of a continued campaign of expansion in Ireland, following the success of its new Dublin workplace in 2016, and is committed to Ireland in the longer term.

To celebrate the milestone, Close Brothers Commercial Finance invited guests to join them for an evening with the company's Brand  Ambassador – Sir Anthony McCoy. Hosted in The Westin Dublin, the evening was a unique opportunity to celebrate the life and career of the 20-time champion jockey.

According to Ciaran McAreavey, Managing Director, "Some might have thought that our timing could have been better when we opened our office in Belfast in 2007 on the brink of the deepest recession in living memory.  In reality, it was the perfect time for us to bring our franchise to the market in Ireland."

Ciaran continued, "When the banking market reined in its appetite for lending, we had a great opportunity to forge new customer relationships and to support Irish SMEs through the crisis by making sure they had the capital they needed. Almost 10
years later, we have a team of 65 people based in offices in Belfast, Dublin, Cork and Galway supporting SMEs across the island as they come out of the recession and return to sustained growth.

"The mainstream banking market in Ireland has not yet returned to normality and the process of raising funding for SMEs remains difficult given the reduction in the number of banks operating here. We continue to increase our franchise and customer base
in Ireland and are happy that the market here is seen as a key growth area for Close Brothers Group over the medium term. I would like to extend my thanks to all of our customers for your support in helping us to grow our business to where it is today. We look forward to 10 more years of helping you to grow yours."


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