Prestige Credit was founded in 2010 in Dublin, by a small team of bankers and risk analysts who had spent the previous decade inside Europe's largest financial institutions — and had grown frustrated with what they had seen there. The complexity. The opacity. The conditional rates that were quoted at one figure and paid at another.
The firm's first loan, signed in March 2010, carried a flat 3% annual interest. Sixteen years later, every loan in our portfolio carries that same rate. It has never been raised, it has never been lowered, and it has never been used as an introductory teaser to be reset after twelve months. The rate quoted at signature is the rate paid at every monthly statement, until the last.
From a single Dublin office in 2010, the firm has grown to serve clients across 27 European jurisdictions, with regional advisory desks in Frankfurt, Madrid, and Stockholm. €2.5 billion has been disbursed across more than 85,000 borrowers — figures verified annually in our regulatory filings with the Central Bank of Ireland.
What hasn't changed, across sixteen years and four interest-rate cycles, is the operating principle the firm was built on. Lending, at Prestige Credit, remains what it was on the first day: a contract between people, written in language the borrower can read, at a price the borrower can plan around.
