Fintech company Revolut Bank said today that its Irish credit portfolio has exceeded €1 billion across about 300,000 facilities.
Revolut Bank has over 3.4 million customers in Ireland and more than 80 million users worldwide.
It said that available data shows that its active credit card base has more than doubled in Ireland over the past year, with the bank establishing itself as a major credit card provider in Ireland in that period.
It also noted that its Irish credit portfolio is one of the larger portfolios across all Revolut Bank’s activity across the nine EEA countries in which it offers lending services.
Meanwhile, Revolut also said today that deposits here continue to grow.
Its customers in Ireland have over €2 billion saved, rising by more than two-thirds in the last 12 months. It said that more than one in ten of its Irish million customers are now investing, with investment portfolios totalling over €1.2 billion.
“Our credit book has grown steadily over the past four years, proving that Irish consumers are looking for more flexible and agile alternatives,” Rob Mooney, Head of Lending – Ireland at Revolut Bank said.
“We’re excited by the fact that there is still room to grow; we’ve already firmly established ourselves as a significant credit provider here, evidenced by our growing loan book and market share for new credit cards,” he said.