Arab Jordan Investment Bank, chooses the Universal Banking Software ICS’ BANKS

June, 2008

Amman, Jordan: Computer and Communications Systems Ltd. (CCS), one of the leading companies in the automation and computerization of banking systems, have signed a new agreement with Arab Jordan Investment Bank (AJIB) for the implementation of the ICS’ international banking solution BANKS. The work will cover three locations, Jordan, Qatar and Cyprus.



AJIB was the first investment bank established in Jordan and is considered today to be the leading investment bank in the Kingdom and one of the region’s most dynamic such banks. AJIB’s network of branches covers the main cities in Jordan along with an international banking unit in Limassol-Cyprus, as well as a representative office in Tripoli-Libya. The bank has also established Arab Jordan Investment Bank (Qatar) L.L.C. as a fully owned subsidiary in Qatar Financial Centre, “QFC”, Doha-Qatar, and was officially inaugurated in 2006. The United Arab Jordan Company for Investment and financial Brokerage, which is also a wholly owned subsidiary operating in the Amman stock Exchange (ASE) which itself has a majority owned subsidiary, The Arab Advisors Group, which is the leading research company in the Arab world. 


This new agreement for ICS’ BANKS solution reaches 50 for banks worldwide.

 

The agreement was signed in Jordan at the offices of AJIB. Attending the signing ceremony were the Vice Chairman/General Manager of AJIB, Mr. Hani Al-Qadi; Mr. Nasser N. Tarawneh , Assistant General Manager, AJIB; the Chairman of CCS, Mr. Essam Samara; the Deputy General Manager of CCS, Mr. Robert Hazboun and the Vice President of Business Development of ICS, Mr. Wail Malkawi.

 

Mr. Hani Al-Qadi spoke on behalf of UGB:

“We are pleased to confirm our partnership with ICS and CCS with this latest implementation. ICS’ BANKS solution was chosen over other leading international solutions because of its strength and proven performance, and because of the company’s ability to deliver results in implementation and support.” 



Mr. Robert Hazboun announced:

“It is a great achievement for us to be chosen from so many international vendors as the best possible solution for AJIB as they expand their work across the Middle East and in Europe. We are proud to serve them, whether in Jordan or Qatar, Cyprus or beyond, as their technology partner. We feel that as well as the obvious technological value we will deliver to AJIB and to their clients, today’s Signing Ceremony also demonstrates the closeness between our two institutions’ philosophies. It’s the knowledge of business that drives both of us to succeed and grow, and that makes us a very strong team.” 



Mr. Wail Malkawi, Vice President of Business Development of ICS, was also very confident in the step this represented for both AJIB and ICS: 

“Our company is committed to present and deliver the latest technology in financial systems and products through our system BANKS. Our commitment to the latest research and development in the financial and banking industry results in the positive reaction we have worldwide from our clients. We build on thirty years of experience. This is the strongest proof of our success: our exceptional product which is integrated and complete.”



“This helps our clients to achieve exceptional results amongst the BANKS competition, and to provide exceptional service to their own customers as well as serving the banking industry.” 



ICS’ BANKS solution utilizes the world's leading technologies to deliver extraordinary value, through unifying and automating the enterprise processes, balance sheet and workflow management, while using the Oracle 11g database on a LINUX operating system along with multi-lingual and multi institution features.

 

Arab Jordan Investment Bank (AJIB): was founded on the 2nd of February 1978, to become the first investment bank in Jordan. AJIB was originally founded by Jordanian individuals (50%) and the remainder by Jordanian and Arab Financial Institutions. Today AJIB is considered to be the leading investment bank in Jordan. The bank's network of branches covers the main cities in Jordan along with an international banking unit in Limassol-Cyprus, as well as a representative office in Tripoli-Libya. The bank has also established Arab Jordan Investment Bank (Qatar) L.L.C. As a fully owned subsidiary in Qatar Financial Centre, “QFC”, Doha-Qatar, and was officially inaugurated in 2006. The United Arab Jordan Company for Investment and financial Brokerage, which is also a wholly owned subsidiary operating in the Amman stock Exchange (ASE) which itself has a majority owned subsidiary, The Arab Advisors Group, which is the leading research company in the Arab world. www.ajib.com

 

About International Computer Systems (London) Ltd.- founded in 1978 as a Systems Integrator and Turn-Key solutions provider, enjoys an unbroken record of successful banking solutions implementation throughout a quarter of a century of successful banking automation projects with over 40 banks across 3 continents.

 

About Computer and Communications Systems Ltd- (CCS) founded in 1982 is one of the Middle East’s leading IT companies and one of the largest IT companies of it’s kind in Jordan.CCS provides assistance in every aspect of the IT project and Skills Transfer cycle: from initial consultancy through to design, development, networking, infrastructure, implementation, training, and on-going maintenance. We have produced state-of-the-art software and provide world leading Consultancy.