Abbey International Finance Ltd started life in 1990 as part of the FBD Holdings Group where it remained until 2004, when FBD disposed of its interests. Abbey then became privately owned and has since grown its Net Assets in excess of $150m.We are proud of our achievements and have built a profitable business with integrity, as our cornerstone.
The foundation of the International Financial Services Centre in the late 1980s as a public/private initiative, is where the genesis of Abbey International Finance began. FBD Holdings were one of the first indigenous Irish companies to embrace this new business model in Ireland, which had two main criteria for operating:
- That all business conducted by companies located in the IFSC had to be international business
- Business had to be conducted in currency other than Irish pounds
There were two main strands to the FBD international business at that time; reinsurance and asset finance. Through the IDA and the Revenue Commissioners, a licence was attained for trading and Abbey International Finance was created as the asset finance division of FBD Holdings and which exclusively focused on generating business outside Ireland.
In parallel with our commercial focus, Abbey has always maintained a philanthropic purpose driven mission. Over the past 30 years, Abbey has distributed over $50m to various charities at home and abroad, and we believe we are only getting started.
Abbey International Finance Ltd incorporated
First transaction completed, funded via Chase Manhattan.
First Lease transacted in USA.
Joint Venture with USA food distributor to purchase 15 stores.
Management of FBD property investments.
FBD disposes of its interests in Abbey International Finance.
Abbey becomes fully self-managed and a new board of Directors is appointed.
European leasing operations commences with Chetwode Paris.
Abbey International Finance sets up two new regulated insurance entities, one based in Dublin and the second in Malta.
Gaelic Leasing Inc & Plant Hire businesses established. Acquisition of an interest in Advent Solutions Holdings.
One Advent Ltd established as holding company for the group's insurance interests.
Continued development of leasing portfolio across USA & EU.
Launch of two new leasing and private equity funds.