Icelandic company Creditinfo has made a ISK 300 million (USD 2.4 million, EUR 1.8 million) deal with the Central Bank of Afghanistan to implement software to help assess credit risk. The project is funded with a grant from the World Bank, mbl.is reports.
Creditinfo in the Czech Republic will install the system and staff, among them Icelanders, will travel to the country to help set it up. During the process, an agreement worth ISK 25 million (USD 200,000, EUR 151,000) for the handling of security of the staff is planned.
Creditinfo has made four similar agreements since 2009 worth USD 8-9 million (ISK, EUR) in Iran, Sudan, Palestine and Tanzania.