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30.06.2005 11:08

TEMENOS Group AG (Switzerland) will render ATFBank JSC (Kazakhstan) TEMENOS T24 services

/IRBIS, Natalya Kuznetsova, June 30, 05/ - ATFBank JSC (Almaty), whose shares and bonds are traded in the official "A" listing category of stock exchange (KASE), today spread press release informing that on June 2005 the bank signed contract with TEMENOS Group AG (Geneva) for rendering of services TEMENOS T24 module program supply.

Press release informs, that TEMENOS T24 will service in head bank, 18 branches and 13 cash settlement divisions of the bank nearly 250 th. accounts of end user.

"TEMENOS T24 will assist ATFBank in automation of business process principles, saving of time for output of new products at the market and will provide compliance to international financial standards. TEMENOS T24 will provide retail, corporate and treasury functionality with local clearing and growth of incomes potential of ATFBank", - press release says.

According to bank's information company TEMENOS Group AG was established in 1993. Head office is in Geneva. Company has 34 offices in 29 countries of the world. TEMENOS Group AG is provider of integrated module banking system of more than 400 financial institutes in 110 countries of the world. TEMENOS is a leader among providers of banking systems and stays in the top of the first two positions of the sale indexes table of International Banking System during six years from seven. In 2004 TEMENOS occupied place of international leader on terms of licensing, having on average size of deal higher than double average number at the market.

ATFBank JSC is the fourth on assets financial institute of Kazakhstan. As on June 1, 2005 bank's assets reached $1,830 m., bank's own capital is nearly $200 m. Bank's income equaled to nearly $9 m.

[2005-06-30]