Zitouna Bank Deploys Gemalto Instant Issuance Solution in Tunisia

Zitouna customers get their ready-to-use EMV bank card on the spot
AMSTERDAM–(Business Wire)–
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today
announced that Zitouna Bank in Tunisia has selected its Dexxis Instant Issuance
solution for on-the-spot EMV card personalization across the bank`s branches
nationwide. Zitouna is the first bank in Tunisia to introduce innovative
services adapted to Islamic financial practices. The newly opened bank is also
the first in the country to offer instant issuance and on-the-spot delivery of
payment cards that enable its customers to use their new payment cards
immediately.

The Dexxis Instant Issuance solution forms a part of Zitouna`s marketing
strategy to differentiate its offers while offering the same high security level
and quality of service as in traditional large-volume personalization methods.
Gemalto, in cooperation with local system integrator Bull Tunisia, has already
installed the personalization stations, software and equipment, in ten Zitouna
branches around the country.

The ability to immediately deliver a new payment card in the consumer`s hands
enables Zitouna to develop a preferred relationship with their customers. In
particular, this customer proximity becomes a key asset in providing the
unbanked with access to banking services. The Gemalto solution provides a simple
and convenient means for consumers to open a bank account and leave the branch
with their new payment card in-hand, ready to be used.

“We decided to implement an instant issuance solution in order to greatly
facilitate our clients` subscription to a payment card,” commented a Zitouna
Bank spokesperson. “Zitouna is extremely satisfied with the level of support
that Gemalto provided, enabling the project deployment in record time – less
than two months! ”

“As a brand new bank entering the Tunisian market, Zitouna naturally aims to
offer top-level service to its customers,” added Philippe Cambriel, Executive
Vice President, Gemalto. “This project illustrates our capabilities and
determination in accompanying our customers from A to Z, to ensure the full
success of their new service rollout.”

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security
with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating
out of 75 offices, with research and service centers in 41 countries.

Gemalto is at the heart of our evolving digital society. The freedom to
communicate, travel, shop, bank, entertain, and work-anytime, anywhere-has
become an integral part of what people want and expect, in ways that are
convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for
mobile connectivity, identity and data protection, credit card safety, health
and transportation services, e-government and national security. We do this by
supplying to governments, wireless operators, banks and enterprises a wide range
of secure personal devices, such as subscriber identification modules (SIM),
Universal Integrated Circuit Cards (UICC) in mobile phones, smart banking cards,
smart card access badges, electronic passports, and USB tokens for online
identity protection. To complete the solution we also provide software, systems
and services to help our customers achieve their goals.

As the use of Gemalto`s software and secure devices increases with the number of
people interacting in the digital and wireless world, the company is poised to
thrive over the coming years.

For more information please visit www.gemalto.com.

Gemalto Media Contacts:
Jane Strachey, +33 4 42 36 46 61
Europe, Middle East & Africa
jane.strachey@gemalto.com
or
Yvonne Lim, +65 6317 3730
Asia Pacific
yvonne.lim@gemalto.com
or
Ray Wizbowski, +1 512 257 3950
North America
ray.wizbowski@gemalto.com
or
Ramzi Abdine, +55 11 5105 7659
Latin America
ramzi.abdine@gemalto.com

Copyright Business Wire 2010

WRAPUP 1-Cost cuts help Hollandi outshine Saudi lenders in Q2

RIYADH, July 10 (Reuters) – Saudi Hollandi Bank 1040.SE had the best second quarter among three local lenders that announced quarterly earnings on Saturday after it cut costs by more than half to offset a decline in lending income.

The bank, part owned by a Royal Bank of Scotland-led consortium (RBS.L) that may sell its stake through a public offering, has more than doubled its net profit in the three months to end-June to 250.5 million riyals ($66.8 million), beating analysts’ forecasts. [ID:nLDE66614W].

Profits were 90.6 million riyals a year earlier.

While both its lending and non-lending net incomes fell by 15.6 and 8.2 percent respectively during the quarter, Hollandi’s operating costs shrank to 228.3 million riyals from 461.9 million riyals in the second quarter of 2009.

Operating profit — the sum of lending and non-lending net incomes — fell 13.3 percent to 478.8 million riyals. By the end of June, the annual decline in Hollandi’s loan portfolio accelerated to 11.1 percent from 7.4 percent in the 12 months to end-March 2010.

The much bigger Riyad Bank 1010.SE posted a 16.5 percent fall in second quarter net profit mainly after lending income fell for the second straight quarter while its costs soared.

Riyad — Saudi Arabia’s third-largest bank by market value — exceeded average forecasts by analysts with 766 million riyals in the three months to end-June after 918 million riyals in the same period a year ago.[ID:nLDE666168]

Its net lending income fell 10.5 percent to 1.03 billion riyals, more than the 9 percent annual decline it recorded in the first quarter. The annual growth in the loans portfolio fell to 0.2 percent by the end of June from 6.1 percent by the end of March.

Income from banking services — brokerage, investment and foreign exchange operations — rose by almost 33 percent to 499 million riyals during the second quarter, based on Reuters calculations.

This means that operating costs rose 25.6 percent to 761 million riyals from 606 million riyals in the second quarter of 2009 but still below 785 million riyals in the first quarter, based on Reuters calculations.

Unspecified provisions weighed in to cut second quarter net profit at the smaller Bank AlJazira 1020.SE, the kingdom’s number one stock market broker, to less than a fifth of its level a year earlier, the bank said.

The Saudi stock exchange erased during the second quarter much of the 11.1 percent gains it made during the first quarter.

AlJazira’s net lending income inched up 1 percent to 188 million riyals but net income from non-lending operations fell by almost a third to 109 million riyals.

The bank did not explain the drop in non-lending income. It has however allowed itself to be more aggressive on lending activities: by the end of June, its loans portfolio grew by 10 percent against 7 percent by the end of March. (Writing by Souhail Karam; Editing by Ruth Pitchford)

Tieto Oyj: Tieto to update Aktia’s web services

Tieto Corporation Press Release 22 June 2010 at 10.00 am EET

Tieto and Aktia Group have signed a co-operation agreement on the development of web
services. The Group’s entire web portal will be updated in stages. This will provide
Aktia’s customers with modern and more flexible online banking services.

The development of Aktia’s web services is based on Tieto’s eBanking Suite solution
which offers tools, for example, for implementing internet and mobile services alongside
the current basic banking services. With the updated web portal, Aktia can create a
personal channel for its customers for managing their financial matters. Customers can
also easily take care of their banking, regardless of time and location.

“For many customers, web services are currently the principal channel for transactions.
Therefore, functionality, user-friendliness and scope of the services are the critical
conditions for successful banking today. Tieto offers Aktia a good foundation and the
required support services for implementing the update project,” says Juha Volotinen,
responsible for Aktia’s web services.

“Self services in Nordic banks have already for a long time been the most widely used
web services in the world. They were initially implemented primarily due to structural
changes in banks, which can currently also be seen on the Central European financial
market. We are delighted to be able to carry out truly unique and state-of-the-art web
services for Aktia’s customers,” says Jussi Grönholm, Vice President, Financial
Services, Tieto Finland.

Tieto’s financial services offering
http://www.tieto.com/default.asp?path=1,93,16080,123 includes everything from banking
services, internet banking and payment, card and capital market services to development,
application management and outsourcing.

For further information, please contact:
Jussi Grönholm, Tieto Finland, Financial Services, Vice President, tel. +358 506 4542

Juha Volotinen, Aktia, Director, Internet Services, tel.+358 44 906 0880

TIETO CORPORATION

DISTRIBUTION
Principal media

Tieto is an IT service company providing IT, R&D and consulting services. With
approximately 17 000 experts, we are among the leading IT service companies in Northern
Europe and the global leader in selected segments. We specialize in areas where we have
the deepest understanding of our customers’ businesses and needs. Our superior customer
centricity and expertise in digital services set us apart from our competitors.
www.tieto.com http://www.tieto.com

Aktia is a Finnish financial group offering its customers high quality banking,
insurance and real estate services on the internet and in approximately 70 branch
offices around Finland. www.aktia.fi http://www.aktia.fi/

Community Banks Rank Mobile Banking As Top Priority

Mobile Banking Usage At Community Banks To Grow Over Next 18 Months
SAN FRANCISCO–(Business Wire)–
Only 27% of community banks offer mobile banking services today, but many
institutions are planning to offer or expand the service over the next
year-and-a-half, according to new survey data from Banc Investment Group, the
capital markets division of Pacific Coast Bankers` Bancshares.

Eighty-nine percent of the community bankers polled in a nationwide survey said
they are considering some form of enhancement to their existing platform. That
includes 54% looking to design a mobile application for a smartphone, such as an
iPhone, and 35% planning to add some type of functionality to their existing
platform. At the same time, 9% of bankers said they were going to change their
provider, and 4% were discontinuing the service altogether.

“For community bankers, mobile banking is a way to get closer to the customer in
an efficient manner – like ATMs and home banking,” said Chris Nichols, CEO of
Banc Investment Group. “Our survey data clearly indicate that many community
banks are actively looking to make buying decisions over the next 18 months.
Banks realize that while human interaction is important, customers also want to
handle their banking needs wherever and whenever they would like.”

Of the 21 mobile banking companies identified by community bankers in the
survey, 36% are using Fiserv, 24% Jack Henry, 16% FIS/Metavante, and 10%
ClairMail. A total of 70% said they would recommend their mobile banking partner
to another bank.

Banc Investment Group collected the data from two web-based surveys during the
first quarter that received responses from 687 community bankers from across the
country.

When asked about what new initiatives banks were undertaking for the rest of
2010, 44% of banks said they were interested in purchasing or upgrading their
mobile banking platform – the most of any other product category. After mobile
banking, 22% said they were interested in purchasing or upgrading an online cash
management or customer relationship management platforms. Twenty percent said
they were planning to buy or upgrade enterprise risk management, loan
origination or online banking capabilities.

“Community bankers across the country view mobile banking as a must-have to meet
both retail and commercial demand,” Nichols said. “Banks that already have a
mobile platform have a temporary competitive advantage that will narrow as more
banks offer the service. For mobile banking providers, the time is right to
capitalize on a market that is moving from the early adopter phase to mass
market penetration.”

About Pacific Coast Bankers` Bancshares

Pacific Coast Bankers` Bancshares (PCBB) is the holding company for Pacific
Coast Bankers` Bank and Banc Investment Group, LLC (“BIG”), its capital markets
group. PCBB is focused on the needs of more than 4,000 community banks across
the country and provides an exceptional level of client service. PCBB`s products
and services include loan participations, cash management, international
payments, federal funds, capital markets products, consulting services and bank
organizational support across the country. For more information, call
888.399.1930, or www.pcbb.com.

About Banc Investment Group

Banc Investment Group (BIG) was founded in 2002 and is a wholly-owned subsidiary
of Pacific Coast Bankers’ Bancshares (PCBB). BIG is a registered broker-dealer
and a member of FINRA and SIPC, and regulated by the Securities and Exchange
Commission. BIG provides independent bankers across the country with capital
markets solutions and consulting expertise to maximize performance and minimize
risk. For information, call 877.777.0412, or www.bancinvestment.com. All
securities are offered through Banc Investment Group.

Pacific Coast Bankers` Bank
Sonia Portwood, 415-399-1900
EVP, Director Sales and Marketing
sportwood@pcbb.com
or
Blue Marlin Partners
Greg Berardi, 415-239-7826
greg@bluemarlinpartners.com

Copyright Business Wire 2010

UPDATE 2-Saudi Riyad Bank posts Q1 net jump, below forecasts

RIYADH, April 11 (Reuters) – Saudi lender Riyad Bank 1010.SE posted a lower-than-expected 55 percent rise in net profit during the first quarter after a drop in lending income offset a near 23-percent fall in operating costs.

Saudi Arabia’s third-largest lender by market value made a 684 million riyals ($182.4 million) net profit in the three months to end-March, up from 441 million riyals in the year-earlier period, it said in a statement on Sunday.

This came below the least optimistic of four forecasts in a Reuters survey earlier this month. [ID:nLDE6371GA]

Mohammed Ishaq Ali, a fund manager at al-Rajhi Capital in Riyadh said Saudi banks were cautious since the global turmoil as well as the debt problems at Dubai state firms.

“A good rise in banking services income in addition to cuts in operating costs contributed to the profit gain,” the Riyadh-based bank said, without giving details.

Income from banking services — brokerage, investment and foreign exchange operations — rose by almost 32 percent to 457 million riyals during the first quarter, based on Reuters calculations.

Net income from special fees or lending income fell 9 percent to 1.1 billion riyals, Riyad said.

Riyad’s loans rose 6.1 percent to 106.3 billion riyals while deposits rose 7.5 percent to 128.1 billion riyals by the end of March.

Operating income remained almost unchanged at about 1.5 billion riyals. This means that operating costs fell to 785 million riyals from 1 billion riyals in the first quarter of 2009, based on Reuters calculations.

In addition to salaries, operating costs include provisions for non-performing loans and investments.

The bank made no mention of the size of provisions for non-performing loans it had to make during the first quarter of 2010 and which stood at 736.4 million riyals in 2009, down from 523.2 million riyals in 2008.

Profits at most Saudi banks have come under pressure in 2009 from provisions to counter exposure to some troubled Saudi firms and also to flat credit growth as lenders remained cautious about dealing with companies due to the global slowdown.

Last year’s financial statements for Riyad Bank showed it was among some of the Saudi lenders to have made less provisions than their total non-performing loans.

Unlike many overseas peers, Saudi banks have not disclosed their exposure to troubled family-owned Saudi conglomerates.

Shares in Riyad have so far gained 15.2 percent this year outperforming both the Saudi bourse’s all-share .TASI index and the banking stocks index .TBFSI.

Earnings per share rose to 0.46 riyal in the quarter from 0.29 riyal a year earlier.

Riyad Bank is the first major Saudi lender to report quarterly results. Al-Rajhi’s Ali is upbeat about more banking earnings despite the bank missing forecasts: “Riyad Bank’s quarterly earnings have further strengthened the underlying tone in the market that the sector is likely to declare good results.” (Editing by Mike Nesbit)

Saudi’s Riyad Bank Q1 net profit up 55 pct

RIYADH, April 11 (Reuters) – Saudi lender Riyad Bank 1010.SE posted a 55 percent rise in first-quarter net profit, helped by lower operating costs and better profit from banking services.

Financials

The bank made a net profit of 684 million riyals ($182.4 million) in the three months to end March 31, up from 441 million riyals in the year-earlier period, according to a bourse statement on Sunday.

Four banks surveyed by Reuters had on average expected net profit of 794.25 million riyals. [ID:nLDE6371GA] (Reporting by Ulf Laessing; Editing by Dinesh Nair)

No prior approval for expansion off-site ATMs

New Delhi, July 6 (ANI): Finance Minister Pranab Mukherjee on Monday said that a sub-committee of State level Bankers Committee (SLBC) would identify and formulate an action plan for providing banking facilities in under-banked/unbanked areas in the next three years.

Presenting the budget 2009-10 in Lok Sabha today, Mukherjee said: “A sum of Rs. 100 crore has been set aside as one-time grant in aid to ensure provision of at least one Centre/Point of Sales (POS) for banking services in each of the unbanked blocks.”For a country like ours, with significant sections of unbanked population and regions, financial inclusion is vital for sustaining long term equitable development,” he added.

The Minister further said as part of the financial inclusion drive, scheduled commercial banks have been opening ‘no frills’ accounts either with ‘nil’ or very low minimum balances.

So far, these banks have opened 3.3 crore such accounts, he added.

The RBI has announced a further relaxation in its Branch Authorisation Policy.

He later announced that the Scheduled Commercial Banks are now allowed to set up off-site ATMs without prior approval, subject to reporting. (ANI)

Union Bank of India – UBI – UBI to foray into Mutual Fund business

Union Bank of India – UBI – UBI to foray into Mutual Fund business

CHENNAI: Union Bank of India (UBI) would make a foray into the mutual fund business by December, a top bank official said on Thursday.

The bank had already received approval from Reserve Bank of India and was awaiting nod from SEBI, Union Bank of India Chairman and Managing Director M V Nair said.

“We have already got the approval from RBI. We should get the approval from SEBI by next two months,” he said. “After getting the approval the product should be launched by December 2009″.

Nair was here to officially announce the bank’s mobile banking facility under the brand ‘UMOBILE’ under which one can make bill payments, purchase movie tickets and transfer funds apart from other banking services.

He said that the Bank’s vision was to achieve Most Preferred Bank status by 2012.

The Bank currently has 2,650 branches and 1,950 ATMs across the country.

Bangladesh urges Myanmar to help repatriate Rohingya refugees

Bangladesh urges Myanmar to help repatriate Rohingya refugees Dhaka – The government of Bangladesh on Saturday requested help from Myanmar in repatriating thousands of refugees who have been languishing in Bangladeshi camps for years, Bangladeshi officials reported.

The move focuses on 22,000 Rohingya, a minority Muslim group from Myanmar’s northern Rakhane state, in Bangladesh.

Bangladesh’s Foreign Minister Dipu Moni made the request for immediate repatriation during an official visit to Myanmar’s Foreign Minister, U Nyan Win, and Home Minister, Major General Maung Oo.

The Rohingya fled the country due to repression by the military dictators. In a message received in Dhaka, Oo responded that “any refugee satisfying the criteria of identification would be repatriated.”

The Bangladesh minister said Dhaka would provide a list of Rohingya refuges to Yangon in consultation with the United Nations High Commission for Refugees (UNHCR). The UN agency has already prepared such a list.

According to media reports, more than 200,000 refugees have already integrated into Bangladeshi culture and are living in the country’s south-eastern Cox’s Bazar district, bordering Myanmar.

Saturday’s discussions also focused on relaxation of the visa regime between the countries, maritime boundary delimitation, facilitation of the banking services, trade and commerce, a Bangladesh-Myanmar road link to China and border fencing.

A Bangladeshi foreign ministry statement said there had been an agreement on introduction of a direct air link between Bangladesh and Myanmar.(dpa)