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Continued Growth with Strategic Projects and New Releases

Last month we announced half-year financial results 2017 of ASEE Group which were much better than in the corresponding period of the last year.

A message from Piotr Jeleński

We achieved double-digit sales revenue growth in the Payment and Banking business units. At the same time we improved project management in the SI CASD business line. In the third quarter of this year we continued to do very well. We signed another agreement with our Egyptian client Global Lease Company for the LeaseFlex deployment, beating 11 other vendors. MENA remains an important region for our business expansion. We also won a big contract with Addiko bank for outsourcing ATM fleet in 5 countries expanding our ATM outsourcing services to more than 1,400 ATMs in the SEE region. I am also pleased to mention that our Android HCE Mobile Payment app obtained a MasterCard certification. This is another recognition for ASEE’s HCE solution after earlier this year ASEE became one of the 5 HCE vendors worldwide with a solution certified according to MasterCard MCBP 1.0+ specification, which proves its high security standards. We also continued our regional expansion in the payment card processing business adding Atlas Bank Podgorica in Montenegro to the list of service users of Chip Card. Whereas within banking software we assisted our clients in digital transformation signing a new agreement with UniCredit CEE for 7 banks in the region for further developments of mobile applications as well as announced a new release of mobile banking within CIB Bank’s project Digical, among others.

With all that and much more happening in Q3 I expect another strong quarter for ASEE and good 2017 full-year results.

Piotr Jeleński

CEO, Group President of Management Board of Asseco South Eastern Europe