EGAR FOCUS SYSTEM HAS BEEN IMPLEMENTED IN HOME CREDIT BANK

The EGAR Technology Company has completed the first phase of implementing in Home Credit Bank the EGAR Focus trading and financial risk management systems, designed to automate the investment operations when working in the financial markets.

To date, the EGAR Focus system provides at Home Credit Bank the support of pass-through business process for processing transactions on the stock exchange and OTC financial markets, from the point of the online import of transactions from trading platforms to the phases of limit and authorization control, followed by unloading in the back office.

The scope of EGAR Focus platforms delivery includes modules for work with stocks and bonds, FX tools, interbank lending and derivatives, as well as EGAR Limits Manager software, enabling real-time control of limits on all types of banking transactions in a single system.

The Manager of the project in Home Credit Bank Kiril Liadov says: “Thanks to the activity and focus on the result of the EGAR Technology team and correct project guidance by the company, the implementation of the new platform for the automation of investment operations of the Bank is carried out qualitatively and quickly.”

Head of Market Risk Management of Home Credit Bank Yaroslav Vdovin adds: “The introduction of functional risk management, performed in the framework of the project, is the continuation of the series of the Bank’s program for the development of culture of risk management that meets the current domestic and international standards. We opted for an EGAR Technology product on the basis of the combined analysis of functional and technological characteristics and total cost of ownership of similar systems offered by the market. ”

Head of the EGAR Technology Implementations Department Armen Shahnazaryan comments: “Home Credit Bank has a customer base of millions, which is one of the largest in Russia, and reaches a high level of customer service and market-leading positions in many ways through technological innovation. For EGAR Technology Home Credit Bank is a strategic partner on the Russian market, especially in the areas of consulting and IT services. We are grateful to the leadership of the Bank and the project team for the fruitful joint work and look forward to continued collaboration. ”

EGAR Focus is an integrated solution, which is used for valuation of financial instruments, monitoring of the position, profit and losses, limits control and risk management. The system supports almost all existing financial instruments, including derivatives, entry and processing of trade transactions on the stock exchange as well as the inter-bank financial markets.

About Home Credit and Finance Bank LLC

Home Credit Bank (www.homecredit.ru) occupies a leading position in the retail banking market, is ranked 3rd in terms of loans to individuals and one of the 10 largest banks in terms of deposits.

The customer base of the bank exceeds 24.3 million people, representing about a third of Russian households. As of September 30, 2012 the Home Credit Bank’s distribution network has 5963 offices in various formats, 1081 ATMs and more than 64,500 points of sale.