Barclays bank is to deliver all of the banking requirements for Northern Ireland's largest council - in what has been described as the biggest banking move in the local government sector in more than ten years.
Belfast City Council has more than 95,000 transactions flowing through some 18 accounts each year and estimates cost savings in the region of £150,000 over the life-time of the contract with Barclays.
Employing over 2,500 staff, Belfast City Council is the largest of the 26 councils in Northern Ireland, with 51 elected councillors representing the nine electoral areas in the district.
The council has an estimated population of 268,323 and recently announced a £150m investment in capital projects to build assets and support construction in the wider economy.
Joanna McArdle, director of Barclays, said that winning the competitive tender process to deliver Belfast City Council's banking represents a major achievement for Barclays in Northern Ireland.
"It serves as a clear indication that the bank is committed to strategically partnering with Northern Ireland's public sector to drive efficiencies and streamline their finance functions," she said.
"We used our extensive knowledge and experience of working with local government across the UK to present a tender proposal which demonstrated real value for money for Belfast City Council.
"The council was understandably keen that a seamless and professional transition from their previous bank to Barclays took place, and we are delighted to have delivered this.
"We look forward to developing our relationship and providing further support for the council in the years ahead."
Barclays has a strong banking relationship with a large number of public sector bodies in Northern Ireland and has a relationship with over 70% of local councils in the UK.