The NewsletterISTISHARAT group internal bulletin

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Deployments.....................................2

End of year lunch............................3

New Contracts..................................2

Yesterday..............................................5

Insight...................................................6

People....................................................6

Customer Training...........................3

Press Appearances...........................4

BML ISTISHARAT SAL BEIRUT

INFOEL S.A PARIS

INFOEL FINANCIAL SYSTEMS INC LOS ANGELES

INFOEL (MALTA) LTD

BML (IRAQ) LTD

VALLETTA

ERBIL

ISTISHARAT-GUATEMALA GUATEMALA CITY

2017 Briefs............................................4

Partnership.........................................4

Internal Training..............................3

Nb 221 4th quarter 2017

ICBS for

Bank of Jordan - Bahrein

* * *

ICBS live at

Liberty International Bank (SGBL)

Abu Dhabi

** *

ICBS – Treasury ICBS – Capital Markets

live at BLC Bank - Beirut

- 2 -- 2 -

NewContracts

Product/Service PlatformClientUnit

Deployments

Banks Bank of Jordan – Bahrain ICBS Oracle /Windows

ERP Arab Finance Corporation

– Beirut

IMAD-Payroll Upgrade Oracle/Windows

Bank of Jordan

Arab Finance Corporation - Beirut

, an ICBS user in Jordan and Syria since more than 21 years, selected ICBS for its newly established Bahrain subsidiary.

, will upgrade IMAD Payroll to the latest version on Oracle 11 G.

In UAE:

, a subsidiary of SGBL - Beirut (Société Générale), went live with ICBS. ICBS is now up and running at SGBL in Lebanon, Jordan, Cyprus and the UAE.

In Lebanon:

went live on 31/12/2017 with ICBS Treasury and Capital Markets for placements / deposits with correspondent banks, interbank transfers, fixed income (Bonds and Treasury Bills) with SWIFT interface and integration with the Bank's Core Banking solution through web services; thus replacing their previous Treasury solution “Quantum” of SunGard (FIS).

, a CIRIS user since more than 12 years, deployed CIRIS – POS through Al Mawarid Bank and Bank of Beirut branch network (through Beirut Brokerage).CIRIS – POS is a web application handling the issuance of proposals/quotes or insurance policies at bank branches or by brokers, agents or mobile sales force.

, an ICBS user since more than 22 years, went live on the ICBS version V.14.

Liberty International Bank – Abu Dhabi

BLC Bank – Beirut

UCA – Beirut

Arab Finance Corporation - Beirut

- 3 -

A team of Mosul Bank - Baghdad was trained on ICBS latest Weblogic version. The training was conducted by Mr. Jihad Chaker, Assistant Manager - Banking Unit, assisted by Mr. Charbel Abou Nader, Senior Project Leader – Banking Unit and Mr. Youssef Abou Haidar, Senior Project Leader / Operations – IMAD from October, 16, till October, 21, 2017.

Our newly recruited programmers have followed an Introduction to Oracle course at BML Istisharat from November, 1, till November, 18, 2017, before joining the banking unit. Training sessions were a d m i n i s t r a t e d b y D r . M o h a m m e d Khoshkhosh, CEO – Metis.

Customer Training

Internal Training

Mosul Bank team

The traditional end of year lunch took place on 23/12/2017 at Mandaloun Beach.Around 100 present and old colleagues were present.

End of year lunch

The End of year Lunch

Press Appearances

- 4 -

New Contracts:

ICBS:

·Peterhouse Securities – London: Core banking

·Liberty International Bank- Abu Dhabi: Core banking

·Bank of Jordan – Manama: Core banking.

IMAD:

·Excillis Finance: Payroll Management

New Partnerships:

·Vastcomp – Kuala Lumpur (Malaysia)

·Bahr El Amwaj – Baghdad (Irak)

Export:

·79% for ICBS

·65% for CIRIS/LIRIS

·36% for IMAD

·73% for all products

Banking Technology magazine (UK) mentioned in its November, 7, 2017 issue, the ICBS going live at Al Qurtas Bank – Erbil.

Malaysia:

Vastcomp – Kuala Lumpur (Malaysia) became our Distributor for ICBS (Banking) in Malaysia, Indonesia, Vietnam, Brunei and Singapore.

Middle East:

Bahr El Amwaj, headed by Mr. Ziad Assir, is a new distributor for BML products in the Middle East.

Partnership

2017 Briefs

Yesterday...

- 5 -

40 years ago: Wardy - Zahlé

30 years ago: Banque Tohmé SAL - Beirut Sidem SAL - Zouk

20 years ago: Saudi National Commercial Bank – Beirut Banorabe - Paris

10 years ago: Jordan Islamic Bank – Amman Bank of Jordan - Syria Union Bank of Iraq – Baghdad

AXA – Gulf

Newsletter Q4 1977

Wardy – Zahlé selected IMAD for the processing of their import business.

Newsletter Q4 1987

Banque Tohmé - Beirut, selected ICBS for the support of its operations.

Sidem SAL - Zouk, an aluminium processing plant, selected IMAD.

Newsletter Q4 1997

Saudi National Commercial Bank - Beirut (SNCB), selected ICBS.SNCB remained an ICBS user for 20 years, up to the closure of its operations in Beirut.

Banorabe – Paris (Now BLOM – France), selected ICBS.BLOM is still using ICBS in Paris, London, Bucharest, Qatar, Sharjah, Dubai, and Beirut (in Beirut for its Islamic Bank).

Newsletter Q4 2007

Jordan Islamic Bank - Amman, selected Islamic ICBS for its operations.

Bank of Jordan- Syria, started its operations with ICBS after having used ICBS in Jordan.

Union Bank of Irak - Baghdad, opted for ICBS.

AXA – Gulf, a subsidiary of AXA – Paris, and a user of CIRIS (Non Life), selected LIRIS for its Life insurance operations in Saudia and the Gulf countries.

All the above mentioned, are still using our products.

Gabriel Said

©The mentioned trademarks are property of their respective owners.

People

Insight

- 6 -

Born: Shant Havatian, son of Sebouh Havatian, Product Manager, ERP Unit, on October, 11, 2017.

Gabriel Said, son of Nada Sayegh Said, Product Manager, Banking Unit, on October, 26, 2017.

Rana Morcos

Hady Haddad

Abdel Rahim Soubra

Imad Daif

Bassel Kassam

Khalil Sawma

Massoud Ibrahim

Khalil Sawma, Bachelor in Business Computer, Saint Joseph University, as Programmer.

Massoud Ibrahim, Bachelor in Business Computer, Saint Joseph University, as Programmer.

Bassel Kassam, B. Sc. Computer and Communications Networking Engineering, Lebanese University, as Programmer.

Imad Daif, Bachelor in Computer and Communications Engineering, American University of Beirut, as Programmer.

AdministrationRana Marcos, Bachelor in Accounting from CNAM - Intec,

rdjoined our company as Chief Accountant, on 23 of October.

CertificationHady Haddad (Senior Project Leader – Banking Unit), has been certified as Project Management Professional (PMP) by the Project Management Institute.

Abdel Rahim Soubra, Bachelor in Management Information Systems, Saint Joseph University, as Programmer.

Banking Unit

New recruits

Shant Havatian

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