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Bank Pekao SA Receives Award for Rapid Implementation of Surecomp Integrated Trade Finance Solution

Surecomp, a leading provider of global trade solutions for the financial services community, announced today that Bank Pekao SA, a Warsaw-based bank belonging to the UniCredit Group, is the recipient of the Surecomp 2008 IMEX-allNETT Implementation Award. The annual award recognizes excellence in project implementation, product production and solution time to market.

Offering customers a range of innovative products and solutions, Pekao SA is Poland’s largest bank, the recognized leader of the country’s corporate banking sector, and a major player in the CEE. Established in 1929, the Bank joined the UniCredit Group in 1999. After UniCredit and Germany’s Bank HVB merged operations in 2005, Bank Pekao SA acquired part of another Polish bank, BPH, whose corporate portfolio was absorbed into the Bank. As part of a two-year integration process, Bank Pekao SA embarked on an aggressive solution implementation schedule. Part of this ambitious program included the implementation and launch of Surecomp’s fully automated, end-to-end trade finance solution.

“The Surecomp award represents the success of a truly collaborative effort between our IT department and Surecomp,” said Sylwester Stasiak, Managing Director of Bank Pekao’s Transaction Banking Department. “As a result, we now provide our corporate customers with an innovative solution for managing the full spectrum of international trade finance activity via a single state-of-the-art application.”

“Based on experience, we know that a speedy implementation does not always translate into a successful production launch,” Stasiak continued. “The professionalism and dedication of the joint teams, coupled with strict adherence to a tight, well-designed project plan, meant that Bank Pekao SA was able to launch its trade finance services right on schedule, and subsequently roll out them out across Poland.”

“We’d like to offer personal congratulations to Bank Pekao SA for successfully implementing Surecomp’s end-to-end trade finance solution within their desired time frame,” said Eyal Hareuveny, Surecomp President. “We are fully aware that when the tasks required for meeting time-to-market goals are not closely managed, solution implementation can become bogged down, and even threaten the very success of the project. In the case of Bank Pekao, both the Bank and Surecomp worked together from start to finish to ensure success.”

“Bank Pekao’s determination and performance also underscores the fact that despite the economic slowdown worldwide, there has never been a better time for banks to review their technology investments,” Eyal Hareuveny continued. “In this way, banks can make sure that they have the right solutions in place to meet evolving customer demands as the global financial crisis lifts.”

About Bank Pekao SA
Bank Pekao SA has operated for 79 years, and is now the largest bank in CEE in terms of market capitalization. It is also Poland’s largest bank in terms of assets, credits, deposits and investment products. Bank Pekao SA maintains the second largest network of branches in the country (1,050 outlets), and offers its clients a network of more than 3,000 ATMs in Poland and 17,000 in Europe. The Bank has over 5 million clients.

Bank Pekao SA was awarded Best Foreign Exchange Provider 2008 and Best Trade Finance Provider Poland 2008 by Global Finance magazine, a Ruban d’Honneur in the CMS Business of the Year category by European Business Awards 2008, Best Emerging Market Bank in Poland 2006 by Global Finance, Best Bank in Poland in 2005 and 2007 by the Euromoney monthly, and Bank of the Year 2004 in Poland from The Banker magazine. Bank Pekao SA belongs to UniCredit Group, which has a presence in 22 countries with 180,000 employees, more than 40 million customers, and a network of over 10,300 branches. For more information, visit www.pekao.com.pl

About Surecomp’s End-to-End Trade Finance Solution Suite
Surecomp delivers an integrated end-to-end trade finance solution comprised of best-of-class front-end and back-office systems. Surecomp offers several back-office trade finance systems, each targeted for different levels of usage, geographical location and IT infrastructure. Regardless of location, size, geographical spread of operations, or transaction volume, Surecomp has a seamless automated trade finance solution that meets and surpasses requirements.

About Surecomp
Established in 1987, Surecomp is a market pioneer with a proven track record delivering innovative solutions to major banks and financial services providers worldwide. With a global network of regional offices and state-of-the-art development centers, Surecomp successfully supports hundreds of installations in more than 60 countries. Surecomp’s integrated portfolio of receivable management and trade finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For further information, visit www.surecomp.com.