Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Oromia International Bank Opts for ICS BANKS ISLAMIC System from ICSFS
 

July 03, 2017

Dubai, UAE: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Oromia International Bank (OIB) which is a massively growing  bank in Ethiopia, has selected the multi-awards winning system ICS BANKS ISLAMIC.

Oromia International Bank (OIB) will be implementing ICSFS’ universal Islamic flagship, ICS BANKS ISLAMIC in its head quarter and its 200+ branches;  this mile stone project will  provide Oromia International Bank with world-class fully integrated banking solutions which are designed and developed following the principles of Shari’a of which; ICS BANKS ISLAMIC Core Banking, Murabaha, Musharaka, Ijara, Istisna’a Tawaruq, Mudaraba, Salam, Qard Hasan, Salam Islamic,  Deposit, Profit Distribution, Investment and Treasury, Trade Finance, Credit Facilities & Risk Groups, Remittances, Internet Banking, DMS, MIS, SMS, Mobile banking.

The signing ceremony took place in Ethiopia, attending the ceremony were the President of the bank; Mr. Abie Sano and the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi.

Following the signing ceremony, The President of the bank; Mr. Abie Sano commented:

“At OIB we are committed to providing full-fledged Interest Free Banking (IFB) and best quality banking services, we have selected ICSFS for its cutting-edge solution, and outstanding products, ICSFS wide experience in the African financial market will assist us fulfil our constant desires to deliver superior services to our esteemed customers, and we will be able to improve our operational efficiency.”

On this occasion, the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi commented:

“We are looking forward for this partnership, where Oromia International Bank will mark our first reference in Ethiopia and will join our expanding leading journey in the African continent, as our vision is reflected with new unleashed Opportunities and new defeated challenges.” Malkawi added “we are looking forward for a long-lasting partnership, where Oromia International Bank will definitely enjoy ICS BANKS ISLAMIC unlimited offerings and advantages.”

ICS BANKS ISLAMIC provides a complete suite of banking business modules with a rich sweep of functionalities and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance. ICS BANKS ISLAMIC has always been a pioneer in utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system is deployed in a multi-tiered setup that runs on a web thin client.


Posted by : Dubai PR Network Editorial Team
Viewed 9797 times
PR Category : Banking & Investments
Posted on : Monday, July 3, 2017  12:47:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Lombard Odier Named Western Europe's Best Bank For Wealth Ma...
Next Story : UAE's Dh522 Billion Islamic Banking Assets Will Boost the Co...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
MAC - Hyper Real Glow [21393-Views]
Celebrate Life and Love with Mouawad Jewelry [21167-Views]
Mother's Day Gift Guide 2018 For All The Super Mums In Your Life [20588-Views]
M∙A∙C Mineralize Total Detox [20331-Views]
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C being used for... [19563-Views]
Skin Republic Launches Monthly Treatment Packs [19056-Views]
A Gift for Everyone on SOUQ.com's Valentine's Day Gift Shop [17562-Views]
Jazeera Airways announces FY2017 financial results [17550-Views]
Skyline University College Organized One-Day Refresher Course in Management for Government... [16128-Views]
5 things to know about collagen [12725-Views]
Fresh Hair in an Instant with SHOW Beauty [12084-Views]
Regulator Classic celebrates the special moment [12005-Views]
LACOSTE Presents 12.12 Chronograph 85th Anniversary Edition [11804-Views]
Decorate the home with United Furniture for the month of love [11261-Views]
PUMA and Sahntell Martin Unveil Debut Collection [10218-Views]
Women's Week Promises World Class Tennis – Tickets Only 55dhs [9681-Views]
Amadeo® Fleurier 39 “Fan” [9412-Views]
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March 28th to A... [8644-Views]
Italian Food Lab at Gulfood Celebrates Italy's Culinary Heritage and Highlights the Import... [8339-Views]
Mother's Day Gift Guide 2018 from The Little Birdy Group [8046-Views]
True Colours [8046-Views]
Robinsons Honored for Outstanding Store Design [8034-Views]
Moreish Café in Dubai introduces a healthy Quinoa Burrito [7899-Views]
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare™ air puri... [7662-Views]
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French photographer M... [7332-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories