Global finance company CIT group is to expand its European headquarters in Blackrock, Dublin with the creation of 150 jobs.

CIT's Blackrock facility serves as the hub of the company's vendor finance business in Europe, which provides companies such as Dell, Microsoft and Avaya with finance options for their customers.

The Dublin hub first opened in 1999 with seven employees and now employs more than 450.

The international arm of CIT's Aerospace business is also located in Dublin.