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Vneshtorgbank and Hewlett-Packard signed a Memorandum of Understanding

27 July 2004
Vneshtorgbank and Hewlett-Packard signed on 20 July 2004 in Moscow a Memorandum of Understanding.

Andrey Kostin, Chairman and C.E.O., for Vneshtorgbank, and Fiorina Carleton, Chairman and C.E.O., for Hewlett-Packard, signed the Memorandum.

Chief executive officers of Vneshtorgbank and Hewlett-Packard, accordingly, discussed outlook for IT development of the Bank and outlined co-operation between Vneshtorgbank and the corporation till 2009.

Under the instrument signed by the parties, Hewlett-Packard will deliver to Vneshtorgbank information on latest developments of the corporation in hardware and software products, industrial solutions, informational technologies and systems, as well as integration services.

Moreover, Hewlett-Packard will offer the Bank its personal products (personal computers, workstations, notebooks, tablet computers, displays and projectors), image processing products (printers, photocopiers and fax machines) and corporate-run products (filing systems, servers, and network management equipment).

At present, Vneshtorgbank made active efforts to modernise and improve IT technologies and automation.

Co-operation with Hewlett-Packard will enable Vneshtorgbank to implement cutting edge solutions in banking technologies, and to consider a number of projects in high-technology sphere> - said Andrey Kostin on the signing ceremony.

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