Caisse de Dépôts et de Développement Chooses Capital Banking Solutions

Paris - 9 May 2012

Capital Banking Solutions with its CapitalBanker (Ex-Orion) solution has won the bid with the Caisse de Dépôts et de Développement (CDD) of Mauritania for the provision of an accounting and financial software against several international software publishers including DELTA-SOPRA and SAB.

The CDD, established in March 2011 by the Mauritanian Government, launched in September 2010 this international tender in order to carry out the following tasks:

  • For the deposit fund and consignments
  • Collect all public funds; manage the clients' deposits; manage cash surpluses of the National Fund for Health Insurance and savings banks; receive the consignments and the administrative and judicial guarantees; conduct banking operations; borrow on markets
  • For the developments fund
  • Grant credits especially micro credit, participate in projects vital to the economic development of the country; finance social policies (employment, health, housing, promotion of small and medium enterprises)

With nearly 220 employees CBS, whose major shareholder is AUDI Bank (First Bank of Lebanon), is ranked among the best software publishers by IBS Intelligence, and covers four continents. CBS enjoys a double-digit growth and successfully supports more than 200 clients around the world (Europe, Africa, Middle East and the Americas).

In Mauritania already four out of ten banks use CapitalBanker, in Ivory Coast 70% of the local banks use this Core Banking System.

CBS offers a wide enough range of solutions dedicated to the world of finance to meet the requirements of deposit banks, private banks, savings banks, postal banks, treasury banks, housing banks etc...

The contract with the CDD of Mauritania allows it to cater for the needs of a new type of financial institutions whose needs go far beyond a simple traditional deposit bank.

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