Success Story: CBE ….Unified Network With All Banks in Egypt

Stemming from the need for daily online communication with all operating banks, and to continue its strategic role in driving the banking and monetary activities in Egypt, Central Bank of Egypt (CBE) contracted Raya Telecom to provide it with connectivity services based on the superior quality, traffic management and reporting capabilities of its MPLS network core.

By this agreement Raya Telecom equips CBE with two separate Virtual Private Networks (VPNs). The first VPN functions as a unified communication infrastructure between the dispersed CBE branches in Cairo, Alexandria, Port Said, and the Economic Research Center, Cash Print House, and the CBE Governor Offices. The second, working as an extranet, enables online exchange of information between CBE and the various banks, over one single connection from each bank serving in secure exchange of all reports including credit risks, currency exchange, and clearance. This unified communication infrastructure is fundamental for CBE’s overall strategic automation project.