Bibby Ireland appoints O'Hare as new MD
Bibby Financial Services Ireland has named Bernard O'Hare as its new managing director.
He joins from Certus, the Irish loan-servicing group, where he was divisional director. Bibby's Irish arm is part of the global Bibby Line Group which provides over €2.2bn in funding to about 9,500 SMEs around the world every year. The Irish unit approved €52m of credit to SMEs here last year, which was up 28pc on 2014.
"Considering the growing demand for non-bank finance in the SME sector, we expect to see this figure increase significantly in 2016," said Mr O'Hare.
"While the demand for credit among SMEs remains high, immediate access to working capital through invoice finance is enabling businesses to cover their overheads which in turn is allowing SMEs to focus on growth and expansion opportunities," he said.