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Probank Selects SunGard’s BancWare for Basel II Compliance and Balance Sheet Management

London, UK– June 13, 2006– SunGard today announced that Probank has chosen SunGard’s BancWare solution suite for regulatory capital management, asset/liability management and funds transfer pricing.

Athens-based Probank, with total assets of €1.7bn, is the third Greek bank in recent months to select SunGard’s BancWare Capital Manager to help it to meet requirements for Basel II. Due to the growth it has experienced over the last five years, Probank chose SunGard to help it develop an effective risk measurement and regulatory framework.

Probank’s decision to choose SunGard’s BancWare was based on the integrated nature of the solution suite and the availability of local consultants from systems integrator Profile, SunGard’s Athens-based partner.

BancWare Capital Manager will help Probank to compute capital calculations and help it to report in an auditable and transparent manner. BancWare Focus ALM will measure and manage the interest rate and FX risk in the banking book. Full integration with BancWare FTP will provide accurate transfer pricing on all financial instruments, thus facilitating the evaluation of products, customers, and business units for more proactive decision making.

Alexandros Mouzakitis, general manager at Probank, said, “We selected SunGard’s integrated risk management solution because of its acceptance by some of the world’s largest financial institutions, its rich functionality and the local implementation support provided by SunGard’s partner, Profile.”

Terence Faherty, president of SunGard’s BancWare business unit, said, “BancWare will help Probank to benefit from an easy and rapid deployment. The solution’s preconfigured calculations can be enhanced with new analytical tools to help Probank evolve with the changing risk management landscape as it continues to grow its business.”