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    CASE STUDY

    Project Amalfi

    Ireland’s largest ever commercial ​loans transaction: $euro;4.2bn​​

    First Derivative acted as the exclusive asset enablement partner to a UK banking group, as it exited the Irish market, selling its Corporate Banking division and commercial lending portfolio to a competitor.​

    Working with the Irish regulator, CBI, initial scoping and valuation activity went under the pseudonym: Amalfi.​

    5 work streams

    / Credit Facilitation / KYC ​/ Data / Communications ​/ Customer Transition

    4,000+

    Corporate Banking connections successfully transferred to a competitor bank.

    100%

    Due diligence was completed across all in-scope customers and loans.

    120

    First Derivative programme team of 120 people supported the transaction and execution journey.

    Exits

    All internal banking facilities closed and decommissioned to full regulatory satisfaction​

    Full regulatory approval​​​