SpareBank 1 extends EDB outsourcing contract
SpareBank 1 has extended its main agreement with EDB Business Partner for the supply of solutions and operating services for its main banking activities for one year, to and including 2008.
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The new agreement represents revenue of NOK 300 million for EDB in 2008.
The current main agreement between EDB and SpareBank 1 runs to 31 December 2007. The extended agreement will run from 1 January 2006 to 31 December 2008. The new main agreement will also include Romsdal Fellesbank now that it has been merged into SpareBank 1 Midt-Norge. Romsdal Fellesbank's current agreement with EDB will accordingly terminate.
The SpareBank 1-alliance comprises SpareBank 1 Midt-Norge, SpareBank 1 Nord-Norge, Bank 1 Oslo, SpareBank 1 SR-Bank and the 15 banks that are included in Samarbeidende Sparebanker (Samspar).