Erste Bank extends its cooperation with Misys Midas

26 March 2008

Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) has chosen the core banking solution Misys Midas for all its international business operations having benefited from implementations in New York, London, Hong Kong and Malta for several years.

Robert Schneider, Head of Capital Markets at Erste Bank, comments: “The core banking system that we use across Erste Group is one of the decisive factors influencing the efficiency and professionalism of the business. Our international branch network and our customers all require modern, flexible and state-of-the-art technology, which can provide us with the continuity and stability we need. Misys’ expertise in this area and its core banking solution, Misys Midas, more than satisfy our business needs".

Erste Bank serves 16.4 million customers in Central and Eastern Europe and has a clear focus on retail banking and financial services for small and medium-sized businesses. With its strong investments into the fastest-growing economies in Central and Eastern Europe in the past ten years, the bank is focusing strongly on ensuring operational efficiency is kept high while continuing to expand.

Claus Schuenemann, Head of Sales for Europe of Misys, adds, “Working with the world's leading banks for over a quarter of a century, Misys has developed an in-depth industry knowledge globally and a deep understanding of our customers’ priorities. This experience has enabled us to work closely with Erste Bank to provide the bank with the right solution for their international branch banking network. We look forward to continuing to work alongside the team at Erste Bank and maintain a high level of service and support.”

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