SpareBank 1 extends EDB outsourcing contract

Source: SpareBank

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.

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).

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