The Forbis Company Strengthens its Positions on the Market of Banking Information Technologies in Belarus

Vilnius - January 2007

The Forbis Company and Minsk Transit Bank (MTB) have signed the Agreement on implementation of the FORPOST Banking Information System. The two parties started preparatory work on implementation. The project is planned to be completed till the end of 2007. The MTB bank became the first commercial bank in Belarus to implement BIS FORPOST.

Minsk Transit Bank was founded in March, 1994. Now it is a high-tech commercial bank, providing a full complex of services for corporate and individual customers. MTB is an authorised depositary, performing the functions on registering rights for governmental securities and the securities of the National bank of the Belarus Republic; the depository, performing functions on registering rights for corporate securities, and is the initial investor on the market of governmental bonds of the Belarus Republic and bonds of the National bank of the Belarus Republic. During the professional competition “Brand of the Year 2005” (Belarus) MTB became a laureate of the “Socially Responsible Brand” nomination and received the winner’s gold medal.

The bank is a pioneer in promoting modern, high-tech retail products in the republic. In autumn 2006 the bank presented to the market several absolutely new products for Belarus. In particular, the fully-featured system of the Internet Banking (“My Bank”) was made available to the customers as well as credit cards with grace period, which were not earlier presented to the market.

MTB has been acknowledged as one of the most socially responsible banks in Belarus.

Key factors of selecting a new core banking system are functional completeness, convenience for users, the cost of the system, the level of support, and general reliability of the developer company. The FORPOST Banking Information System fulfils all the mentioned contemporary requirements of banks. The simplicity of usage and unlimited development possibilities make FORPOST one of the most progressive high-tech systems on the contemporary market of banking products.

Successful transition to a new banking information system is ensured by close co-operation of the Forbis Company and the bank in the course of implementation. General management of the project is performed by the project team, which is comprised of the authorised representatives of the Forbis Company and Minsk Transit Bank.

Currently BIS FORPOST successfully functions in the banks of Lithuania, Latvia, and Russia.

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