Berhan International Bank SC (BIB) has started a fully computerised broadband network system at its eight branches.
The bank officially began operations at its first three fully networked branches on October 3, 2009.
Currently, it has raised its number of branches by five additional networked branches (for a total of eight) and plans to expand the branches to 10 by establishing two more branches.
The broadband Internet banking service system enables bank customers to have SMS message reports of their deposited capitals.
The system will also enable customers to access their accounts without bringing their bank book or presenting an ID.
"The automated teller machine (ATM) service will speed up the banking service and reduce wasting the time of the banker and the customer," Solomon Mamo, director of Information Systems for Berhan, told Fortune.
The customer of one branch is also a customer of every branch of Berhan, enabling them to deposit and withdraw money from any branch, because customer data is accessible from any branch, according to Belachew Bogale, president of the bank.
"Customers can access their accounts without coming in to the bank branches," Belachew told Fortune.
This technological project was finalised within a one month period. The system's hardware and software were purchased from a United Kingdom IT company called Neptune. The bank declined to name the financial figures involved to make the purchase of the hardware and software.
"The bank has made a non-disclosure agreement because of a promotional discount that was provided to it," Girum Tariku, spokesperson of the bank, told Fortune.
The bank lends money based on collateral and, on the track record and financial capability of the borrowers, according to Belachew.
The bank has 6,200 shareholders, more than 95 million Br in paid up capital, and 137 million Br in registered capital.
It employs 150 employees and has international banking service deals with Commerz Bank (Germany), Standard Chartered Bank (United States of America), Naticsis Bank (France), UniCredito Bank (Italy) and Banque Indosuze Mer Rouge (Djibouti), according to Berhanu.
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