Leading Greek bank selects i-flex solution's Flexcube

Alpha Bank, the second largest bank in Greece, has selected I-flex solutions' Flexcube for its consumer lending operations and loan syndications. Alpha Bank has more than 450 branches across Greece, the Balkans and Western Europe.

The winner of the Best Greek Bank award for the year 2005 by Euromoney, Alpha Bank will deploy Flexcube in multiple phases across all its 450 branches.

The Greek banking industry has matured considerably over the last five years. Credit analysis has been improved, provisioning levels have increased and IT systems have been under pressure for overhaul arid upgradation. Leading Greek banks also have a strong regional presence to support Greek corporate clients investing in the Balkans to finance trade to position themselves for an active role in capital market development in the region.

"Banks need to tighten their current lending IT Infrastructure to address this fast growing market as technology can be a crucial differentiator that provides a competitive edge. We are pleased to help Alpha Bank in their endeavor to tap these markets and enhance service standards in the new environment," said V. Senthil Kumar, CEO i-flex solutions bv.