not as a bank. Commenting on the changes, country manager Kevin Knightly for parent Rabobank found losses incurred by ACC Bank Plc because of the property crisis, a position emerging of its costs exceeding income during 2014 and that position was unsustainable for its parent, requiring immediate action to stem loses. The bank had reported losses since 2007. ACC also explored the possibility of outsourcing a portion of its loan book, in the region of 10%, excluding agricultural loans and selected Capita as the preferred service provider who have 1,000 staff in Ireland. ACC had 5,000 deposit customers totaling €110 million. Overdrafts on current accounts amounted to almost €75m. The parent company, Rabobank Group, had provided capital support of €1.3 billion to ACC since 2008 with over €2.1 billion of the loan book written down since 2008. SIPTU and UNITE trade unions wanted the Government to take ACC Bank back into State ownership and were looking for a meeting with the Minister for Finance in an attempt to seek to save jobs. They referred to the inclusion of a State investment bank in the Programme for Government. There was some redeployment opportunities to Rabobank but no new business was being generated for some time with the bank's staff focused on debt recovery. 2018-19: Sale of loans In December 2018, ACCLM transferred the ownership of outstanding loans to the Dutch parent company, which sold the portfolios the following year. The remaining assets and liabilities of ACCLM, mainly consisting of dormant or unclaimed accounts, were transferred to ACC Investments Limited. ACCIL still operates from a small office in the International Financial Services Centre with a skeleton staff. See also List of Irish companies Agricultural Mortgage Corporation References External links Official site Defunct banks of Ireland Financial services in the Republic of Ireland Former state-sponsored bodies of the Republic of Ireland 2019 disestablishments in Ireland