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AvantCard unaffected by MBNA closure

Friday, August 15 10:12:07

Following the announcement that MBNA is proposing to close its call centre in Carrick-on-Shannon at the end of November, AvantCard said that it will not be affected in any way.

AvantCard acquired the MBNA Irish business in 2012 and said it remains committed to growing and developing the business in Ireland.

Speaking this afternoon, AvantCard Managing Director, Kevin Murphy said: “We employ over 200 people in Carrick-on-Shannon and we remain very committed to the business. We have a very strong team and we look forward to growing and developing the business going forward."

Yesterday, MBNA said it was proposing to "close the operation" after a review of potential options, including the sale of the company to a third party.

160 people are employed full-time in the call centre.

MBNA Chief Executive Ian O'Doherty said: "Our business is now UK-focused and serves UK customers, so we are proposing to align our resources to the market in which we operate".

MBNA announced the sale of its Irish consumer credit card business to Apollo European Principal Finance Fund in March 2012 and around 250 roles were transferred from MBNA as part of the sale.

After the sale of MBNA was announced that same year, the Irish call centre operation in Carrick-on-Shannon was kept to support the company's UK credit card business.

MBNA is a subsidiary of Bank of America and at one time employed around 900 people in Ireland.

For more visit: www.businessworld.ie