DEPLOYMENT

In Iraq:

Mosul Bank – Mosul went live with the Phase 1 modules: Core, Credit Facilities, Interest Calculation, Local Authorities requirements, Dynamic Operations Engine, Checkbooks and Checks Handling, Standing Instructions, Bills Management, Loans, Foreign Exchange, Money Market, Inward/Outward Transfers and Letters of Guaranty.

In Lebanon:

Ahli Investment – Beirut went live with ICBS Core, Dynamic Operations Engine, Interest Calculation and Local Authorities Requirements.

Middle East Capital Group (MECG) – Beirut went live with the ICBS Core, Dynamic Operations Engine, Shares and Bonds.

The First National Bank (FNB) – Beirut has decided to process its Consumer Credit Portfolio by Credit Finance Corporation (CFC) – Beirut that it has lately acquired. CFC operations are handled by ICBS. ICBS is also present in MECG, another FNB subsidiary.

The Sehnaoui group of companies: Uteco, MSF, Sehnaoui Plant, IMAR, MEA, SP Offshore and Syrum have deployed in live mode all IMAD modules.