Renault Finance this week launched a captive lending arm in
Ireland based at Renault Ireland’s headquarters in Dublin, and
headed up by managing director Alessandro Garzia.

Renault Finance – the trading name of RCI Banque – will provide
car finance to Renault customers in Ireland and provide working
capital for the country’s Renault dealers.

Garzia said: “RCI’s launch in Ireland has come at a good time
and will not only create 15 new jobs but will provide finance to
customers at a time when motor finance is not easy to come by.

“With rates from 4.9% APR, this will be welcome news to many
customers and businesses across Ireland. Along with competitive
rates we will also create finance packages that allow customers to
build in car-related services into the finance offer creating a
‘one-stop shop product’.”

Renault Ireland managing director Eric Basset said: “This is a
good news story for Ireland. We are delighted to welcome RCI Banque
and help to create much needed employment in a sector that has
suffered so badly over the past number of years.

“Our network of dealers around the country also welcomes RCI as
they will be able to avail of finance for working capital at a time
when the Irish banks are not in a position to offer them

RCI Banque now has operations in 40 countries.