MONTRÉAL—CGI has announced its IT services agreement with National Bank of Canada has been extended to 2025. The estimated value of the 10-year extension is $420 million.
“We are honored to continue our strategic partnership with National Bank of Canada,” Guy Vigeant, CGI senior vice-president of Greater Montreal, said. “Through our comprehensive IT services and world-class centers of excellence, we look forward to helping National Bank of Canada position itself for future growth and success.
“In addition, by drawing on the expertise of our centers of excellence under this new agreement, we will have the opportunity to boost regional employment,” he added.
Under the agreement, Montreal-based CGI said it will draw on the expertise of its global network through its Quebec-based centres of excellence in Sherbrooke, Shawinigan and Saguenay.
“We are pleased to renew and expand our relationship with CGI, which began more than a decade ago,” Dominique Fagnoule, executive vice-president of information technology at National Bank, said. “CGI has in-depth knowledge of the banking industry and broad professional expertise, enabling us to maintain and increase our competitive advantages and achieve our strategic objectives.”
CGI has 16,000 financial services experts working on five continents and serving 24 of the world’s 30 biggest banks.