Palestine Investment Bank Selects the Universal Banking Software BANKS® from ICS (London) Ltd. With the cooperation of its Jordanian Sister Company Computer & Communication Systems Ltd.

Palestine - 30 August 2009

Ramallah, Palestine: 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 Palestine Investment Bank for the implementation of its sister company International Computer Systems’ universal banking software solution BANKS® .

The agreement was signed in Ramallah - Palestine, the signing ceremony was attended by Palestine Investment Bank Board of Directors member; Mr. Ibrahim Abu Diyeh, General Manager of Palestine Investment Bank; Mr. Zakaria Ghawanmeh, and General Manager of Computer and Communications Systems (CCS) in Palestine; Mr. Nasser Abu Hijlah. This new agreement for ICS’ BANKS solution makes Palestine Investment Bank the 12th user of BANKS in Palestine and 57th worldwide.

Mr. Ibrahim Abu Diyeh; Palestine Investment Bank Board of Directors member, expressed his pleasance of opting one of the leading universal banking solutions BANKS, hoping that the agreement marks the beginning of a lasting partnership and cooperation with Computer and Communications Systems.

Mr. Nasser Abu Hijlah; General Manager of CCS in Palestine announced during the signing of the agreement: “We have been providing the Palestinian market with a complete suite of banking and financial systems since 1995, and have witnessed our customers’ growth in Information Technology needs throughout these years, which enabled us to innovate, develop and well establish our products and services in a way to better serve their enduring banking solutions requirements. It is a great achievement for us to be chosen from so many international vendors to be the preferred software for Palestine Investment Bank. We are proud to serve them as their technology partner, and it is the knowledge of business that drives us both to succeed and grow, and compose a very strong team.”

Furthermore, Mr. Nasser Abu Hijlah affirmed ICS’ commitment to Palestine Investment Bank to deliver fully integrated parameterized end-to-end solutions, and procure the latest research and development in the financial and banking industry. Palestine Investment Bank selected all internal and external services provided by the banking system BANKS solutions, including online banking, telephone, SMS and Management Information System. Computer and Communications Systems (CCS) Team in Palestine and Palestine Investment Bank team have begun to take the necessary procedures to start the implementation process.

ICS’ BANKS' solutions utilize the world's leading technologies to deliver extraordinary value, through unifying and automating the enterprise processes on a multi-lingual and multi institution features, providing our banking clients with an incredibly flexible best-of-breed technology and offer unparalleled support, that have been assembled by team of hundreds; dedicated programmers, banking and finance experts who have successfully delivered turnkey solutions to clients of all sizes over three decades of experience.

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