At the end of March 2016, the Banque Extérieure d’Algérie-BEA confirmed its choice regarding the SAB AT software package for its information system. Today 5 December 2016, the BEA concretizes its decision by signing the contract.
Created on 1st October 1967, BEA is a universal bank in which the Algerian state is the sole shareholder. In addition to financing the hydrocarbons sector and large companies, BEA is also present in the SME / SMI and the Retail sectors. It has 92 branches and employs 3,800 people. The BEA is one of the leading financial institutions in both the Maghreb and the African continent.
As early as 2014, BEA undertook a scoping study concerning the evolution of its information system towards a centralized global banking solution and then launched a call for tender to acquire a core banking solution centralizing all its banking operations and promoting the setup of a better governance of the bank.
The SAB AT solution was selected by BEA at the end of March 2016. The contract to supply the new information system was signed on 5 December 2016 in the presence of the BEA and SAB leaders.
Henri Assaf, SAB General Manager: “BEA has chosen the SAB AT solution notably because it is able to natively cover the broadest perimeter and that it conforms to international development standards (open and not proprietary tools).”