National Bank of Canada and CGI sign new $350M agreement

26-Jan-2012 - For 11 years, CGI has provided National Bank with application development and support services.

National Bank of Canada and CGI sign new $350M agreement

MONTREAL -- National Bank of Canada and CGI Group Inc. have signed a five-year information services contract valued at $350 million.

For 11 years, CGI has provided National Bank with application development and support services. Under the terms of the new contract, National Bank will continue to benefit from the expertise of CGI and its professionals in maintaining and developing its banking information systems.

“We are renewing our contract with this strategic Quebec partner because of the value of CGI’s services and its knowledge of the banking industry,” stated Louis Vachon, President and Chief Executive Officer of National Bank of Canada. “CGI’s exceptionally skilled professionals will therefore continue to make a sustained contribution to the deployment of our business strategies.”

“We are very pleased to provide National Bank with a wide range of high-quality IT services that contribute to the growth and success of its business,” said Serge Godin, Founder and Executive Chairman of the Board of CGI. “CGI is privileged to have served National Bank for more than 10 years, and this contract renewal demonstrates once again the unwavering commitment of CGI professionals who work tirelessly to deliver world-class services to National Bank.”