GBM in Oman bank deal

The Oman Development Bank (ODB) has contracted IBM partner Gulf Business Machines (GBM) to upgrade its IT infrastructure and develop a five-year IT plan.

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By  Eliot Beer Published  October 12, 2005

The Oman Development Bank (ODB) has contracted IBM partner Gulf Business Machines (GBM) to upgrade its IT infrastructure and develop a five-year IT plan. ODB is a government-owned organisation which gives loans to Omani companies in certain industries, including tourism, agriculture and manufacturing. It also guarantees loans from other financial institutions and manages various government loans as well. HE Yahya bin Said Al Jabri, chairman of ODB, says, “The bank’s existing IT environment must be synchronised with our rising business needs and demands, as the nature of our business dictates that we efficiently and effectively manage an ever-increasing volume of business. The need to revamp our IT infrastructure is due to this fact, coupled with a corresponding requirement to be able to continue providing high levels of services to our clients.” ODB signed a contract with GBM in August, and the companies say the bank’s new IT infrastructure should be fully operational by the end of October. The bank is currently using Windows 2000 servers, with an Oracle 9i database which was enhanced in-house using Oracle Developer Tools. GBM will also deliver the plan for ODB’s IT development over the next five years. “Although the process of developing a five year IT strategy for a high profile bank is a very challenging undertaking, GBM has vast experience in this field and is happy to be providing the service to such a noteworthy client,” says Olivier Mouries, general manager of GBM Oman. GBM is the general marketing and services representative (GMSR) for IBM World Trade Corporation (WTC) in the GCC, excluding Saudi Arabia, and provides services and support to IBM distributors in the region.

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