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Close Brothers re-enter Irish motor finance market with acquisition of Bluestone Motor Finance

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Up until last year, Close Brothers had an agreement to provide finance to Finance Ireland’s car finance business

Seán Kemple, chief executive of Motor UK and Retail Finance Ireland at Close Brothers, said that the group has been “carefully reconsidering” re-entry options to the motor finance market in Ireland.

Bluestone Motor Finance has originated more than €450 million since inception in 2014, and had loans under management of €132 million at 31st December 2022. Close Brothers Limited, part of Close Brothers Group, has been in the motor finance sector across the UK and Ireland for more than 30 years, under the trading name Close Brothers Motor Finance.

 

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