Bank of Alexandria upgrades IT infrastructure

Egypt's Bank of Alexandria has entered into an agreement with Raya Holdings for the updating of its network.

  • E-Mail
By  Anna Karhammar Published  January 5, 2004

The Bank of Alexandria in Egypt has entered into an agreement with Raya Holdings for the updating of its network facilities into a multi-service infrastructure, to include increased security measures as well as Wide Area Network (WAN) inter-branch connectivity. “The partnership we see today between the public financial sector, Egyptian ICT private companies and global technology providers is a model we wish to always apply,” said Dr. Ahmed Nazif, Minister of Communications and Information Technology. The LE5.5 million project will provide the bank’s 200 branches with WAN connectivity in an attempt to give the bank a competitive edge by adding value to the services currently offered to customers. The contract typifies the kind of partnerships that Egypt’s Ministry of Communications and Information Technology (MCIT) aims to foster, as outlined in its Information Society Initiative. One of the objectives stipulated is the general development of ebusiness within the financial sector, favored by bringing in partners from private sector ICT firms and world-leading technology innovators.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code