| Handelsbanken renews its contract with EDB |
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(Oslo, 4 June 2007) Handelsbanken Norway and EDB have entered into an agreement for the supply of banking solutions and IT operations for Handelsbanken's activities in Norway. The agreement represents a renewal of Handelsbanken's existing contract with EDB, and runs for a further 5 years with a total contract value of around NOK 300 million. The agreement with EDB covers the major part of Handelsbanken Norway's IT requirements.
"EDB has proved over a number of years to deliver high quality solutions for the banking market. EDB has strong banking expertise and is a natural choice as a long-term partner in our continuing work on developing Handelsbanken in future years. Handelsbanken places particular emphasis on responding to customer requirements. This contract will help to ensure the stability and reliability we need in order to offer our customers high quality and competitive banking services", explains Knut Balke, Development Manager at Handelsbanken Norway.
"We are very pleased that Handelsbanken has shown its continuing confidence in EDB, and we look forward to continuing our collaboration with the bank for another five years. EDB will continue to do its utmost to help Handelsbanken achieve its future objectives. This contract demonstrates the competitiveness of EDB's deliveries, and confirms our position as a close and attentive IT partner both in Norway and in the wider Nordic market", comments Eva Trasti, Executive Vice President - Bank & Finance at EDB.
More on the delivery
EDB will continue its deliveries to Handelsbanken in all the areas of the current agreement. This includes solutions for core bank, card services, branch office, currency payments, internet banking for the retail and corporate markets, credit evaluation, management/analysis and money laundering avoidance. EDB will also continue to be responsible for IT operating services for these solutions.
More on the contract
The new agreement between Handelsbanken and EDB runs for five years and represents total contract value for EDB in the order of NOK 300 million over its life. The agreement covers all the products and services supplied under the previous agreement, which ran to 31 May 2007. The new agreement runs to 1 June 2012.
Any questions may be addressed to:
Eva Trasti, EVP - Bank & Finance, EDB. Tel: +47 901 17 009
Knut Balke, Development Manager, Handelsbanken Norway, Tel: +47 22 94 07 00
Geir Remman, EVP - Corporate Communications, EDB. Tel: + 47 970 55 017
About Handelsbanken
Handelsbanken is one of the largest Nordic banks, with approximately 10,000 employees, 600 branches (as at 30 June 2006) and total assets of around SEK 1,800 billion. In addition to its Nordic presence, Handelsbanken operates in 18 other countries.
About EDB
EDB Business Partner is a leading stock exchange listed IT group for the Nordic region. The group has 3,800 employees, and reported turnover of NOK 5.8 billion in 2006. EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions. EDB is committed to being a close and attentive IT partner that helps its customers operate more efficiently and achieve their business objectives. EDB Business Partner is listed on Oslo Børs with the ticker code: EDBASA.
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