Agricultural Bank of China (Moscow) Limited has opted for CFT’s solution to create an IT-platform
Agricultural Bank of China (Moscow) Limited and CFT Company have entered into an agreement on implementation of CFT-Bank (Platform 1) informational complex.
After a tendering process Agricultural Bank of China has chosen CFT's solution. The system will lead to automation of transactions and business processes related to corporate services.
Agricultural Bank of China is a subsidiary of the Agricultural Bank of China Limited, one of four largest banks in China, one of Chinese core banks. Bank's branches and offices cover China, Hong Kong and Singapore. Central Bank of the Russian Federation has registered Agricultural Bank of China (Moscow) Limited in October 2014. The charter capital of the credit institution equals RUB 1.4 bln. One of the aims of Agricultural Bank of China (Moscow) in the Russian market is supporting Chinese business in Russia.
"CFT has already been successfully cooperating with start-up companies, being foreign banks that have entered the Russian market and are effectively developing here, – says Andrey Visyaschev, Chairman of GC CFT Management Board, – We are willing to create an IT platform in Agricultural Bank of China (Moscow) that will totally satisfy the demands of our partner".