News

PRESS RELEASE

GENEVA, Switzerland – 26 November 2008: Temenos, the provider of integrated core banking systems, today announced that Banco Terra, a specialist in financing agriculture-oriented activities, has gone live with TEMENOS T24 Model Bank to support its new operations in Mozambique. This will support all Banco Terra’s retail and commercial banking operations in the region.

Mozambican President Armando Guebuza on Wednesday formally inaugurated the country’s newest commercial bank, Banco Terra (Land Bank), the first Mozambican bank that will focus specifically on agriculture and the countryside.

The travelling exhibition, unique in its kind, is the result of a worldwide annual contest on press photography and is brought to Maputo with the support of Banco Terra.

Banco Terra today announced that is has received Central Bank authorization to commence operations in Nampula. A temporary branch has been set up which will open its doors tomorrow.

Banco Terra is pleased to announce that it has hired Maarten J.K. Susan for the CEO position at the bank (subject to regulatory confirmation).

Banco Terra today announced that all clearances have been received to open its first branch in Maputo on April 23rd 2008

Banco Terra today announced that is has successfully relocated its Maputo operations to a newly renovated office building at Avenida Samora Machel.

Banco Terra today announced that it has selected Temenos’ banking solution T24 as its primary bank system’s platform. Banco Terra chose Temenos over other banking solution providers on the strength of its pre-configured products based on best practice processes.

Banco terra é a designação da mais nova instituição financeira criada em Moçambique, que se propõe servir de mote financeiro para alavancar o sector agrário, através do estabelecimento de um programa de implementação de balcões nas principais zonas agrícolas do pais.