Sparebanken Sør signs new five year outsourcing deal with EDB

Source: EDB

Sparebanken Sør has entered into a new agreement with EDB. The agreement runs from today till July 2010 and will give new business volume of NOK 72 million over this period, with main effect from June 2006.

Sparebanken Sør has agreed to buy new software solutions and operating services from EDB. The software solutions will be used in the bank's branch offices and self-service channels, as well as for the foreign exchange and credit areas and payment services. Sparebanken Sør's current agreement with EDB for core banking solutions will continue as part of the new contract. EDB also provides operating services for the bank's solutions and infrastructure.

Reference is also made to the stock exchange announcements published by EDB and by Sparebanken Sør on 24 August 2005. The existing agreement with Sparebanken Sør was the subject of a stock exchange announcement issued on 31 August 2004.

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