Facility provided by Alcentra and RBS
First Names Group has agreed a substantial funding deal.
The firm says it's been secured after a period of growth which has surpassed its five year investment plan - making First Names one of the largest independent trust and corporate services providers in the world.
The new facility will be provided by Alcentra and Royal Bank of Scotland (RBS) who will jointly meet the group's future funding requirements.
RBS has provided financing to First Names Group since its management buyout in 2012.
Cengiz Somay, First Names Group’s Chief Executive Officer says the new financing model will facilitate future growth and provide the funds needed to continue to invest in people and infrastructure.
Steam Packet reports strong Q1 passenger figures
Surge in first time buyers enquiring about mortgages
New financial scam targets local investors
Hospitality sector crisis: further talks planned today
Rising UK mortgage rates unlikely to be reflected in the Isle of Man says local advisor
Ramsey's Barclays branch reducing opening hours
