| 18.9°C Dublin

Close

Premium

Amigo grows Irish gross loan book to €8.2m

UK-based sub-prime lender aims to double its business here after strong pre-Covid results, writes Sean Pollock

Close

Amigo Holdings, a UK-based sub-prime moneylender, has grown its gross Irish loan book to €8.2m as the company confirms it is planning to double the size of its operation here.

Amigo Holdings, a UK-based sub-prime moneylender, has grown its gross Irish loan book to €8.2m as the company confirms it is planning to double the size of its operation here.

Amigo Holdings, a UK-based sub-prime moneylender, has grown its gross Irish loan book to €8.2m as the company confirms it is planning to double the size of its operation here.

Amigo Holdings, a UK-based sub-prime moneylender, has grown its gross Irish loan book to €8.2m as the company confirms it is planning to double the size of its operation here.

In Ireland, Amigo provides loans of up to €5,000 to people who may have been declined by banks and credit unions, by listing a friend or family member as the guarantor. It first entered the Irish market in February 2019 where it offers loans with an annual interest rate of close to 50pc.

According to Amigo's financial results for the year ended March 2020, the company grew its gross loan book to €8.2m with around 3,400 customers signed up. It paused lending at the end of March in response to Covid-19.