BALTINVESTBANK has chosen CFT-Bank platform as strategic platform for IT system development

BALTINVESTBANK OJSC and Center of Financial Technologies (CFT) have entered into an agreement under which the bank will be transferred to a new IT platform – CFT-Bank bank information complex.
 
With this technical modernization the bank will receive a full-function, highly productive centralized bank system of the new generation.
Today BALTINVEST is one of Russia’s major private universal banks. The BALTINVEST chain consists of 6 branches and 42 subsidiary offices in different cities of Russia. The bank strategy provides for consolidation of the position in the market, and implementation of quality services for clients, which require creation of a high-tech IT infrastructure. Installation of the new technological platform will become a strategically important step that will help the bank achieve its goals. The potential of CFT-Bank system will cover the future needs of BALTINVEST when the scope of services grows and new business directions appear.
 
All key business directions of the credit organization will be automated at BALTINVESTBANK on the basis of CFT-Bank (Platform 1) system; and the new corebanking system will be integrated with the bank information systems within the project framework. 

Baltinvestbank
was established in December 1994 under the name Baltonexim Bank. In 2001, the bank's shares owned by entities of Interros, were purchased by St. Petersburg companies. In 2003 the bank was renamed to Baltinvestbank. By the end of 2011 the Bank’s net assets (according to RBC method) have grown by 17%, to the level of 59 billion rubles. The equity capital has grown by 30%, to 6.3 billion rubles (exclusively of events after the balance sheet date). The loan portfolio has grown in 2011 by 25%, to the level of 42 billion rubles; among which the loan portfolio of natural persons has grown by 113%, to 10.8 billion rubles, of legal persons – by 9%, to 31.2 billion rubles. Small and medium business loans have made 3.5 billion rubles by the end of 2012, and the annual growth has made 57%. The scope of clients’ funds since the beginning of 2011 has grown by 18% and made 46.7 billion rubles. In particular, the funds of natural persons have grown by 43%, to 19.8 billion rubles, the funds of natural persons – by 4%, to 26.9 billion rubles. The Bank’s net profit by the end of 2011 has made 480 million rubles. The profit before taxation has made 574 million rubles (exclusively of events after the balance sheet date).