Computer giant Dell is to create 300 jobs at a new bank.
The company is to set up a new financial services branch at its Cherrywood base in Dublin where 200 positions are being made available immediately.
Another 100 jobs are to be created over the next three years.
Dell was granted a full commercial bank licence by the Central Bank at the end of June and through its c ustomer financing division it will provide direct financing to business customers across Europe.
Dell Bank International Limited will offer commercial loans and leases to small, medium and large enterprises in the UK, Ireland, Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg.
Dell employs about 2,500 people at campuses in Dublin, Limerick and Cork.
The company came in for criticism in 2009 when it pulled the plug on its PC manufacturing base in Limerick and moved it to Poland, leaving about 1,900 people out of work.
Taoiseach Enda Kenny joined several ministers to make the jobs announcement at the Cherrywood centre.
"At a time when we are working to rebuild the economy and the financial services sector, it is a great vote of confidence for us to have a company of Dell's calibre select Ireland as the home for its financial services business," he said.
Dell said its financial services business will offer a real alternative to bank and other sources of IT financing in Europe, where access to capital remains a key obstacle for many businesses.
The lending wing of the company will allow customers to better m anage cash flow, lease the latest technology, and secure IT equipment upgrades.