This new agreement with Sparebanken Møre confirms EDB's position in the Norwegian banking market for independent banks as well as major banking groups. The current agreement between Sparebanken Møre and EDB runs to 2007, and is now being extended by a further two years to the end of 2009.

 

Sparebanken Møre has chosen to develop and extend its collaboration and agreements with EDB for a complete portfolio of banking solutions and operating services. EDB provides banking solutions in the areas of deposits, lending, cards and payment services, accounting and reporting, message distribution and customer dialogue services, Internet banking and branch office solutions, as well as operating services for these solutions and the bank's IT infrastructure.

 

Sparebanken Møre is one of the larger independent savings banks in Norway, and has around 125,000 customers. The bank has been one of the most cost efficient Norwegian savings banks in terms of total assets for a number of years.

 

"We prefer a long-term supplier relationship that will ensure we have up-to-date solutions on competitive terms to support the bank's independence and operational efficiency. We have therefore chosen to reaffirm our continuing collaboration with EDB. The portfolio of banking solutions and related operating services that EDB provides forms the basis for the bank's product development and the range of products and services we offer", comments Olav Arne Fiskerstrand, Chief Executive Officer of Sparebanken Møre.

 

"This agreement confirms that EDB's banking solutions offer the functionality and breadth of coverage that a major savings bank needs for up-to-date, cost-effective operations", adds Ole Urdahl, Executive Vice President, Solutions at EDB.

Any enquiries may be addressed to:
Ole Urdahl, Executive Vice President, Solutions, EDB. Tel: + 47 2252 8260
Olav Arne Fiskerstrand, Chief Executive Officer, Sparebanken Møre. Tel: +47 90 01 82 99

 

Sparebanken Møre
is one of the larger independent savings banks with total assets of NOK 24.4 billion and 385 employees. The bank's head office is in Ålesund. Sparebanken Møre serves the retail corporate and public sector markets in the Møre & Romsdal region, and operates 32 branch offices. The bank has around 125,000 customers, of which 15,000 are corporate customers and 44,000 are Internet banking customers.  Sparebanken Møre is listed on Oslo Børs with the ticker code MORG. For further information see: www.sbm.no