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Microsoft and the Vneshtorgbank have signed the memorandum of intentions

22 July 2004

Representation Microsoft in Russia and the CIS and the Vneshtorgbank unite efforts for realization of some projects in the field of information technologies


Moscow, Russia - on May, 18, 2004 - Today Representation Microsoft in Russia and the CIS and Open joint-stock company < Bank of foreign trade > (Vneshtorgbank) have signed the memorandum of intentions in which have determined a number of directions of the further co-operation connected to information of bank activity. In the document signed by the president of Representation Microsoft in Russia and the CIS by Olga Dergunovoj and the senior vice-president of the Vneshtorgbank by Andrey Korotkov, importance of co-operation of the sides for development of financial branch and branch of information technologies, and also necessity of use of high technologies, decisions and license software is marked.

< Today activity of banks is impossible without use of information technologies, and license cleanliness of the used software is extremely important for their business reputation, - Olga Dergunova, President Microsoft in Russia and the CIS has noted. - However, organizational specificity of bank activity, for example, presence of the ramified networks of branches and wide use of client-server technologies, not always allows to use traditional schemes{plans} of licensing of the software effectively. Signing of the Memorandum of intentions between Representation Microsoft in Russia and the CIS and the Vneshtorgbank is the first agreement of a similar sort between Microsoft and the largest commercial bank of the Russian Federation and step on a way of the decision of the problems arising at the bank organizations in the given area. We consider on fruitful co-operation from the VTB in the field of training and informing of workers of bank and financial sphere as a whole. We also are ready to discuss with bank probable ways of optimization of the expenses connected to licensing of software Microsoft >.

Microsoft and the Vneshtorgbank have planned a lot of directions of the further co-operation, including construction and development of information structure of bank, development and introduction (together with partners) the automated bank system, realization of the various information projects directed on increase of efficiency of activity of the Vneshtorgbank, and also realization of technical support of information systems used by bank and a program infrastructure (with the conclusion of the contract of prime-minister-support). Besides the memorandum assumes rendering by the sides each other mutual consulting services with the purpose of professional realization of the planned projects and attraction of consulting service Microsoft for performance of projects and definitions of perspective directions of development of an information infrastructure of the Vneshtorgbank.

The memorandum provides carrying out of an estimation and the analysis of the software used by bank and formation of the program of its updating and development for what it is supposed to enter into the corporate license agreement between the Vneshtorgbank and Microsoft. The sides also plan joint consideration of questions of the information safety connected to operation of software products Microsoft, carrying out of joint actions in the field of information technologies and distribution of experience of introduction and operation of the specialized products and services Microsoft to the environment of the bank and financial organizations.

For achievement planned in the Memorandum of mutual understanding purposes Microsoft and the Vneshtorgbank assume to consult on a regular basis with each other and to exchange the necessary information. Besides carrying out of researches and testings of new technologies Microsoft in interests of both companies is planned.

< The partnership with such large manufacturer of the software and decisions in the field of information technologies as Microsoft is for the VTB not only important, but also necessary. The Agreement signed today will allow us to look more widely at questions of strategy of development, both head office, and branches of Bank >, - the Senior vice-president of the Vneshtorgbank Andrey Korotkov has noted.

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