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BPH offers fully automated trade finance services

November 22, 2005 – Surecomp, a leading provider of trade finance, factoring, cash letter and reconciliation solutions for the banking and financial market, today announced that Kraków-based Bank BPH has become the first Polish bank to offer its corporate customers a fully comprehensive STP end-to-end trade finance solution to automate their trade service operations.

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.

A Surecomp trade finance back office customer since 1998, the Bank licensed NetIMEX, Surecomp’s Internet-based trade finance customer front-end in April 2005. The implementation of NetIMEX, completed in record time, provides BPH with a seamless automated trade finance solution encompassing the complete trade cycle from bank corporate customer, to bank back office and back to the customer.

Announcing that the first corporate customers were already enjoying the benefits of the Bank’s real-time trade finance solution, Dariusz Nalepa, Bank BPH Managing Director - Transaction Banking commented "The launch of our automated trade finance solution signals the completion of stage one in our drive to maintain our position as Poland’s leading trade finance bank. At the same time the introduction of this value-added service to our corporate customers further aids the Bank in its ultimate goal of becoming Poland’s first choice bank for large and medium domestic and international companies. The Bank is already widely recognized as a leader in numerous retail and commercial banking areas."

Offering his congratulations to Bank BPH Yuval Karp, Surecomp Vice President and Head of Customer Services added "From the moment Bank BPH licensed NetIMEX in April this year we knew that the Bank wanted to be up and running in the shortest possible time. I am delighted that the joint Bank BPH and Surecomp team have accomplished this task in record time. But even more important than this achievement, the Bank and its corporate customers are immediately seeing the benefits in financial terms, processing speed and increased transaction volumes."

"Bank BPH joins an increasing number of banks worldwide that have licensed and implemented Surecomp’s automated trade finance banking suite and as a result are offering their customers a seamless automated end-to-end trade finance solution" concluded Yuval Karp.