Home News Dell officially open Dell Bank in Ireland and announce the recruitment of 200 employees
Dell officially open Dell Bank in Ireland and announce the recruitment of 200 employees

26/09/13

Dell Financial Services EMEA HQ located in Ireland following the award of a banking licence from the Central Bank of Ireland. 200 employees planned for first phase of Dell Financial Services.

Following the award of a full commercial bank license by the Central Bank of Ireland at the end of June, Dell, through its customer financing arm, Dell Financial Services, is providing direct financing to business customers across Europe from its HQ in Cherrywood Business Park in south Dublin. Dell Financial Services’ Dublin-based bank, Dell Bank International Limited, is providing commercial loans and leases to small, medium and large enterprise customers in the U.K., Ireland, Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg.

The selection of Ireland as the location for the establishment of the HQ for its EMEA financing business is a further sign of the continued investment in Dell’s operations in Ireland. Dell has invested €400m in in the roll out of Dell Financial Services in Europe. This includes start-up and employment costs in Ireland as well as the investment in acquiring customer portfolios that will be managed by the Irish-based team. The banks platform is supported by a team based in Dell Limerick.

In the initial phase of Dell Financial Services, there will be 200 employees based at Cherrywood. This number is expected to grow to 300 within the next three years as the business grows and expands.

This expansion of Dell’s financial services business in Europe is a major milestone for Dell and will further enhance the range of end-to-end scalable solutions and services that the company offers customers.  Dell’s financial services business provides a real alternative to bank and other sources of IT financing in Europe where access to capital remains a key obstacle for many businesses.

 



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