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Contract news
20 November 2015

Capita to manage loan book and legacy banking with ACCLM

Capita confirms today that it has agreed heads of terms for a contract to manage Rabobank owned ACCLM Loan book activities and legacy banking services.

The contract is worth an estimated €55m (£38 million) over five years and will start on 1 February 2016 with the transfer of ACCLM colleagues to Capita under transfer regulations, subject to regulatory approval. 

The contract with ACCLM confirms Capita's commitment to continued growth in Ireland in support of financial services and banking businesses across all sectors and asset classes. The total loan book under management on behalf of ACCLM will be comprised of 17,500 loans with a value of approximately €4bn.

This deal will enhance Capita's position in Ireland. The contract builds on Capita's existing and wide-ranging commercial debt-servicing capabilities across a range of industries.

Andy Parker

Capita Chief Executive

It is anticipated around 180 employees will transfer to Capita, which already has a workforce in excess of 1,700 people in Ireland.

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