Ceska Sporitelna Selects PIC Solutions for Applications HealthCheck

Cape Town, 23 June 2005 – Ceska Sporitelna has selected PIC Solutions to conduct a HealthCheck on their applications processing environment.

Based in Prague, Ceska Sporitelna is the largest retail bank in the Czech Republic. This highly reputable Bank provides a wide range of consumer credit products to its retail banking clientele and has a significant portfolio of credit cards and personal loans.

PIC Solutions consultants will conduct this Applications HealthCheck to ensure that the Bank’s existing applications processing procedures are aligned with their acquisition strategies. This assignment aims to highlight a number of areas for development that will improve Ceska Sporitelna’s business results.

Harald Walitsch, Head of Credit Risk Management Retail at Ceska Sporitelna, comments, “PIC Solutions has recently conducted a situational analysis on our banking processes which identified new areas for improvement. We are committed to improving risk management best practices throughout our organisation and through this Applications HealthCheck we can effectively match our existing policies to industry best practices.”

David Lewis, Director at PIC Solutions, adds, “We look forward to working with Ceska Sporitelna on this assignment. Our PIC consultants have conducted a number of HealthChecks in various organisations and they will use this experience to assist Ceska Sporitelna to identify and improve new account acquisition policies and procedures.”