03 Feb 2016

Creditwest Bank became the first bank in Ukraine, which decided to change its core banking system (CBS) in the height of the banking crisis. Bank chose CBS B2 – solution of the CS company.

Since 2014 the Ukrainian banking sector is going through a difficult period of reforming – every third bank was liquidated. According to the World bank’s projection there will be only 100 banks on the Ukrainian banking market.

In the middle of 2015 Creditwest Bank became the first bank in Ukraine, which decided to change its core banking system (CBS) despite the complexity of the economic situation. Bank chose CBS B2 – solution of the CS company, leader among Ukrainian developers of core banking systems.

The project of the CBS B2 implementation in Creditwest Bank lasted less than six months. Within the bounds of the project all basic modules of the CBS B2 were implemented – it enabled to automate manual work in many areas of banking business. Also CBS B2 was integrated with other software products that are used in the bank.

Two more CS solutions are planned to be implemented in Creditwest Bank — HRM&Payroll::eCSpert Human Resources Management & Payroll Preparation System and ISMA managerial accounting system.

About Creditwest Bank
Creditwest Bank is the first Turkish bank in Ukraine, opened to provide quality services to Ukrainian and foreign customers. The National Bank of Ukraine registered Creditwest Bank as the CLOSED JOINT STOCK COMPANY “WEST FINANCE AND CREDIT BANK” (or CJSC “CREDITWEST BANK”) in October 2006.