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Polish Bank BPH signs for NetIMEX

April 7, 2005 – Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the banking and financial market, today announced that Kraków-based Bank BPH has licensed NetIMEX, Surecomp’s Internet-based trade finance banking solution.

Created in 2001 following the merger of Bank Przemysłowo-Handlowy SA and Powszechny Bank Kredytowy SA, Bank BPH SA, a member of the HVB Banking Group with Bank Austria Creditanstalt as a strategic investor, is Poland’s 3rd largest bank and ranked in the top 500 banks worldwide.

With the licensing of NetIMEX, Bank BPH will shortly be able to offer its trade finance customers a seamless customer front-end to bank back office trade finance system. The Bank has been an IMEX – Surecomp’s SWIFT ready Gold and Bolero accredited trade finance banking system - user since 1998.

The licensing of NetIMEX is a natural development of the Bank’s trade finance portfolio as Bank BPH SA aims to become Poland’s leading bank focusing on the use of technological innovation and skilled personnel to provide advanced finance management tools to individual customers, companies and other institutional clients.

Speaking after the signing ceremony Mariusz C. Grendowicz, Deputy President of the Bank’s Management Board said "We at Bank BPH are determined to become Poland’s first choice bank for large and medium domestic and international companies. The Bank is recognized as a leader in numerous retail and commercial banking areas. The licensing of NetIMEX will allow Bank BPH to further consolidate its position as the leading Polish trade finance bank."

Commenting on the licensing of NetIMEX by Bank BPH, Surecomp COO Eyal Hareuveny said "With the implementation of NetIMEX, Bank BPH will be able to offer a seamless front-to-back office trade finance solution to its customers. Bank BPH truly deserves its reputation as an innovative and efficient trade finance provider."

Bank BPH SA joins an increasing number of banks that have licensed and implemented Surecomp’s NetIMEX Inter-based trade finance banking solution and as a result are offering their customers a seamless end-to-end trade finance solution.