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Sunday, November 22 - 2009

MCIT supports ICT modernization plans of the Bank of Alexandria

Dr. Ahmed Nazif, Minister of Communications and Information Technology witnessed yesterday the signing ceremony of a contract between the Bank of Alexandria and Raya Holdings to create and modernize the ICT network infrastructure of the Bank.

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"The partnership we see today between the public financial sector, Egyptian ICT private companies and global technology providers is model we wish to always apply.", Stated Minister Nazif.

The LE5.5million project aims at creating a multi-service network infrastructure that includes WAN and connectivity solution, security solutions and connectivity of the branches. Notably, the Bank of Alexandria has 200 branches and is currently undergoing an aggressive advancement project to develop/enhance value-added services offered to its clientele and lever its competitiveness edge.

This accord comes within MCIT's objectives under the e-business component of Egypt's Information Society Initiative to develop the financial sector of Egypt. Partners in the development process are the Egyptian financial sector, private sector ICT firms and world-leading technology innovators.
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