The agreement runs from April 2004 to and including March 2009, and represents business volume of around NOK 105 million over this period. Sparebanken Pluss has chosen to continue its existing customer relationship with EDB by entering into an individual agreement for applications and operating services for its current and future banking solutions. The contract also includes new systems for smart card services that meet international standards, as well as Internet-based lending and credit processing solutions integrated with customer service solutions. In addition Sparebanken Pluss is buying new solutions that will help to expand its Internet banking service with mutual fund products and additional services for the retail and corporate markets. Sparebanken Pluss has also signed an option agreement for the purchase of new lending and credit processing solutions. EDB IT Operations will provide Sparebanken Pluss with applications operations, management of the systems platform and print/dialogue services.
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