The agreements represent total contract value of around NOK 25 million over a 5-year period, and were won against tough international competition from other suppliers. EDB is seeing strong interest in the company's banking solutions from the UK market, and has established an office in London to develop this market.

EDB is the market leader for solutions used by banks and financial institutions in the North, and is also experiencing strong interest in its banking components from the international market.

"We are seeing an inflow of new contracts from Great Britain, and EDB's solutions are very competitive in this market. These four new contracts are the result of long-term and targeted marketing in the British banking market, and by opening an office in London we are taking a further step in our coverage of this market", comments Eva Trasti, EVP - Bank & Finance at EDB.

EDB already supplies a number of other British banks, and these new contracts bring the total number of banking clients in the UK and the Channel Islands to 20. EDB's card administration systems are now used by total of about 150 Norwegian and international banks.