President Bank and Halk Bank Merge on Colvir Platform

14.08.2019 08:35, Moscow, Russia
Early 2018 witnessed kick-off of a project for merging two Turkmenistan Banks – commercial President Bank and Government-controlled commercial Halk Bank.

Early 2018 witnessed kick-off of a project for merging two Turkmenistan Banks – commercial President Bank and Government-controlled commercial Halk Bank. Colvir Software Solutions professionals were confronted with a significant task of transferring the largest bank in the country to the single Colvir technology platform already installed in President Bank. It is now single consolidated Halk Bank managed by Colvir CBS. The process took Colvir experts slightly under one year and was completed on April 02, 2019 года.

Alexander Bogdanov, CEO of Colvir Software Solutions:

«It was a significant project in terms of the range of the types of works performed, as well as in terms of customer complexity. Having observed the progress in the past six months or so, I can note that the project team demonstrated a good level of skills both in project management and in handling individual project tasks. On behalf of the company I would like to thanks all our employees who took part in the project and made their individual contributions to achieving the ultimate goal on this project».

Vasily Gorbunov, Project Manager:

«The project lasted for nearly a year, there were many factors that affected its kick-off, but thanks to the efforts of the project team we managed to complete everything. I would like to say thank you and express personal gratitude to individual employees whose contributions were especially important: Elena Altyyeva, Alexander Svinarev, Vladimir Medvedyuk, Oleg Valyuk, Marina Borisova, Merdan Eminov, Sergey Remesh, Lyazzat Kusainova, Dinara Tumenova, Anna Shuraleva, Alexander Gorbus, Alexander Kot, Petr Kofanov, Ivan Babushkin, Natalia Suvorova, Akhilles Metaksa and Svetlana Berteleeva ».

Colvir Banking System is one of the most popular core banking systems in the CIS market, and it facilitates effective support of all core operations in a bank. On top of that, Colvir Banking System facilitates automation of Treasury, administrative activities, as well as of other functional departments within a bank.

Halk Bank (People’s Bank) is a Government-controlled bank in Turkmenistan that following its merger with President bank is the largest commercial bank in the country and offers a broad spectrum of services to its public. The Bank’s branch network encompasses the entire territory of the country.

Colvir news
Interesting product news, event participation, new vacancies – keep abreast of all latest news from Colvir Software Solutions!