NBAD selects CREDOC WINDOWS for international branches

Abu Dhabi - 16 September 2010

MIT (Micro Informatique & Technologies SA), Lausanne announces that National Bank
of Abu Dhabi (NBAD) has selected CREDOC WINDOWS as the system to support the
Trade Finance operations of five international branches, namely United Kingdom,
Jordan, Bahrain, Oman, and Kuwait. B-Source, the Swiss market leader in the sourcing
of back office and IT services (BPO) to private and universal banks, will operate the
system from its premises in Switzerland. NBAD’s branches will connect to the system

“It is a strategic contract for MIT since it reinforces our presence in the Middle East”, declared
Paul Cohen Dumani, General Manager of MIT. He added: “Actually the company is going
through exciting times with the recent sales of CREDOC in Switzerland and abroad, and also
the launch of our new product TRAC for Trade Commodity Finance and Structured Trade

NBAD’s overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C.; Egypt,
Libya, and Sudan in Africa; UK, France, and Switzerland in Europe; Hong Kong and Jordan in
Asia to Washington, D.C. in the U.S.A. Overall, NBAD has nearly 50 branches and 60 ATMs
outside the UAE.

“NBAD Private Bank (Suisse) SA, the 100% owned private banking subsidiary of the National
Bank of Abu Dhabi (NBAD), has been using the system for two years and they are very happy
with it. Furthermore, we were very impressed that MIT was able to implement the system in
only 3 months in our fully independent and wholly-owned subsidiary.” said Ashraf Ahmad,
Projects office Group Leader at NBAD. "The new solution allows us to increase our efficiency
and to expand our business model."

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