FORS – Banking Systems Company with its Moldavian partner – F-Line Technologies signed the contract with JSCB "Banca Sociala" on delivery the Integrated Banking System (IBS) “Va-Bank ST”.

JSCB "Banca Sociala" is planning the automation of different kinds of activity, that’s why the international transfers, credit, deposit, stock market, bank securities, inside accounting and other major components were sold. Because of the large scale of the Bank an unlimited license has been  chosen.

Gennady Fedorenko – the Chief of the IT-department of JSCB "Banca Sociala", said: “We had chosen the IBS “Va-Bank ST” because of our aspiration for implementation recent developments, which depends on FORS-BS’s wide experience. The IBS building on Oracle database is a plus. Moreover, FORS –BS has an experience of systems implementation in more then 30 % of Moldavian banks. We expect this interaction will be fruitful and long-term”.

JSCB "Banca Sociala" was established in 1991.

JSCB "Banca Sociala" is one of the largest banks in the Republic of Moldova with a wide network of branches and it is rightfully considered one of the leading banks in Moldova. At present the Bank serves more than 25,000 customers, including 11,000 depositors. JSCB "Banca Sociala" provides financial services to its customers though a network: the Central office, 19 branches and four representative offices. The Bank has branches in each region (district) established in compliance with the Law on administrative-territorial division of the Republic of Moldova.

The Bank provides a wide range of financial services dealing with international settlements in foreign currencies: transfer of currency, documentary operations (letters of credit, collection services on import/export transactions). All services are performed in accordance with local legislation endorsed by the International Chamber of Commerce. The Bank provides collection on foreign cheques payable to its clients, operations with cheques of Commerzbank and further cash payment in Commerzbank branches in Germany. The bank can buy and sell Thomas Cook traveler's cheques and provides FOREX transactions through the REUTERS-DEALING system