Bank für Tirol und Vorarlberg, Bank für Kärtnen und Steiermark as well as Oberbank, Austria decide to go with riskpro™ for Basel II

Zurich, February 15, 2005 -- The cooperation of three large Austrian regional banks: "Bank für Tirol und Vorarlberg, Innsbruck", "Bank für Kärnten und Steiermark, Klagenfurt" and "Oberbank, Linz" select riskpro™ for credit risk analysis and Basel II after 6 months of successful testing.

Magister Hubert Cuder of Bank für Kärnten und Steiermark stated: "Our decision to go with riskpro™ for Basel II lies in the flexibility and transparency of this solution as well as the qualified support from Iris consultants. Having worked more than 5 years with riskpro™ in ALM and controlling, the combination of market and credit risk is a further step towards an integrated solution."

Beatrice Staeheli, Area Sales Manager for Switzerland, Germany and Austria at IRIS AG stated: "The decision of those innovative banks shows that our vision of truly integrated financial analysis is valid and still up-to-date and we are delighted to extend our offering within these banks. The case of the Drei-Banken-Gruppe shows that Basel II can be realized even with a limited investment and still give them a state-of-the-art solution."

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