GENEVA, Switzerland – 10th April 2012 - Temenos (SIX: TEMN), the market leading provider of banking software, is pleased to announce that Bank Tuniso-Libyenne (BTL), a fast growing universal bank based in Tunis, has selected TEMENOS’ T24 core banking solution to modernise its banking system.
The bank has chosen TEMENOS T24 for its strength of reputation and strong presence in a large number of financial institutions in Tunisia, as well as for its Tunisian model bank solution which covers all local and regulatory requirements.
With this latest signing, BTL becomes the fifth bank to implement T24 in Tunisia.
About Bank Tuniso-Libyenne
The Bank Tuniso-Libyenne (BTL) is a universal bank, whose field of action covers the activities under the law n°2001-65 of 10th July 2001 on credit institutions as amended and supplemented by Law n°2006-19 of 2 May 2006: taking customer deposits regardless of their duration and form, providing any type of loans, acting as foreign exchange intermediary, making available to customers and managing means of payment, offering advice and assistance (wealth management, financial management, financial engineering, design, development and company restructuring, import, export and international trade operations, and searching and encouraging partnerships, supporting companies in their foreign operations), equity investment in existing companies and new start-ups.
For more information, please visit www.btl.com.tn.
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,500 customers in more than 125 countries across the world. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 700 implementations around the globe. Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.
For more information please visit www.temenos.com.
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