| May 30, 2007. China Systems, the global market leading Trade Services Solutions vendor, announced today that Krung Thai Bank in Thailand has officially signed a contract for the license of Eximbills Enterprise, China Systems’ J2EE-based trade finance system.
Eximbills Enterprise ™ is an established global standard installed by many international banks to meet their trade services processing requirements. It combines a Rapid Application Development toolkit with a flexible base business model, providing support for Traditional Trade, Open Account, Supply Chain Finance, and Payments operations.
Krung Thai Bank will also be implementing China Systems’ limits management and interest accrual systems, to further improve its trade finance services to its loyal customers in Thailand and overseas branches.
The systems will have 500 concurrent users in the bank and are scheduled to go live in February 2008.
About Krung Thai Bank
Krung Thai Bank Public Company Limited (KTB) is the second-largest bank in Thailand. The company holds assets worth approximately US$34 billion and maintains local and international operations involving 640 domestic branches and 6 foreign branches.
Krung Thai Bank was established by the Thai government in 1966 by the merger of Agricultural Bank and Provincial Bank, with the Finance Ministry as the major shareholder. In 1989, the company's shares were listed on the Stock Exchange of Thailand for the first time. As of April 2007, the bank's largest shareholder is the Financial Institutions Development Fund (FIDF), which holds 56 percent of all shares.
About China Systems
Established in 1983, China Systems is today's largest trade finance system vendor in the world, with offices throughout Europe, North America, Asia, and the Middle East. Eximbills, our world-renowned back office trade finance system and China Systems' flagship product, is used by more than 250 customers in more than 75 countries worldwide.
 back to news index
|