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It is clear from a press release. The mission is to take over the bank's cash management post tracking function at four locations, including the two of the bank's major units in Houston and San Diego. The assignment post tracking means that the bank branches 'cash will be handled in Loomis cash depots rather than in banks' vaults and will begin in the next few months, it is said in the press release. The deal is in line with Loomis stated goal to increase the proportion of cash (CSM - Cash Management Services). "We have very much business already with the customer on CIT page (Cash In Transit) but also within the CMS elsewhere in the United States. Are we doing just this that we have handled it other then it will roll on" states post tracking Loomis CEO Lars Blecko Direkt. How do you see opportunities to expand your CMS business with this particular customer? "The possibilities are very large additional vaults will be outsourced. It is a process that has started and I am fully convinced that there will be more." Can this deal make that interest from other banks is increasing? "I think this bank is a little further out than many other banks in the US, but this shows that we are on the right path and there is obviously a lot more out there. We have high hopes that our share of the CMS in the United States will continue to grow ". Loomis aims to proportion the CMS of total Group sales will reach 30 percent in 2014. At year end, the share in the US specifically about 26 percent.
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