Core and BI customizations in six Macedonian Banks

Asseco SEE in Macedonia had signed act of amend with Ohridska Bank SG Group, NLB Tutunska Bank and Export&Credit Bank Skoplje, Stater Bank Kumanovo, Stopanska Banka Skopje and TTK Bank Skopje due to new classification of accounts and changed methodology in accounting for IFRS NBRM.

Asseco SEE in Macedonia had signed act of amend with Ohridska Bank SG Group, NLB Tutunska Bank and Export&Credit Bank Skoplje, Stater Bank Kumanovo, Stopanska Banka Skopje and TTK Bank Skopje due to new classification of accounts and changed methodology in accounting for IFRS NBRM.

This changes will address Asseco SEE's core and BI solutions (Business Intelligence – IFRS Compliance), including new classification process implementation.

First phase of the project, Technical Acceptance is finalized and currently period of BI stabilization system is in process. Also, production of new Core system is scheduled for the beginning of this year because of new classification of accounts and changed methodology in accounting for IAS, but timeline is depending of banks finishing their last year data processing. The second faze, Technical Acceptance/Production can start when all those conditions are fulfilled. Operability of the system is expected in the mid 2009.