Exhibit 99.2

FOR IMMEDIATE RELEASE

CIT DECLARES QUARTERLY DIVIDEND

Increases Dividend by 50% Over Previous Quarterly Cash Dividend

NEW YORK – July 15, 2014 – CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending, leasing and advisory services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock – an increase of 50% from its prior quarterly cash dividend. The common stock dividend is payable on August 29, 2014 to common shareholders of record as of August 15, 2014.

EDITOR’S NOTE:

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About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retailand equipment finance, as well as aerospace, equipmentand rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com

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CIT MEDIA RELATIONS:

C. Curtis Ritter

Senior Vice President of Corporate Communications

(973) 740-5390

Curt.Ritter@cit.com

Matt Klein

Vice President, Media Relations

(973) 597-2020

Matt.Klein@cit.com

CIT INVESTOR RELATIONS:

Barbara Callahan

Senior Vice President

(973) 740 -5058

Barbara.Callahan@cit.com