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Taoiseach Enda Kenny, Finance Minister Michael Noonan and Jobs Minister Richard Bruton, today joined Aongus Hegarty, Dell’s President of Europe, Middle East and Africa and Cormac Costelloe, General Manager, Dell Financial Services, EMEA to officially launch Dell’s bank in Ireland.

Speaking at the official announcement that Dell has established a commercial bank in Ireland with the creation of 200 jobs in the first phase, the Taoiseach said:

I am delighted that Dell is creating 200 jobs by selecting Ireland as the location for this strategic venture. At a time when we are working to rebuild the economy and the financial services sector it is a great vote of confidence for us to have a company of Dell’s calibre select Ireland as the home for its financial services business. I would like to thank Dell for its continued commitment to Ireland.

Dell currently employs 2,500 people at campuses in Dublin, Cork and Limerick. 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.

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.

Commenting on the announcement, Aongus Hegarty, President, Dell EMEA said:

We are delighted to build on our existing presence in Ireland through the establishment of the Dublin-based Dell Bank International Limited. This development is a further example of the continued investment in our Irish operations in Cork, Dublin and Limerick.

Barry O’Leary, CEO at IDA Ireland said:

Dell is one of our highest-profile clients here at IDA Ireland. The decision to locate their European finance function here in Ireland is an endorsement of Ireland as a stable, well-regulated environment.