International Exchange Bank Selects SunGard for Risk and Performance Management and Basel II Compliance

Philippines 3 October 2005 – SunGard Asia Pacific today announced that International Exchange Bank (iBank), one of the fastest growing commercial banks in the Philippines, has selected SunGard’s BancWare Basel II Capital Manager. SunGard will provide iBank with a total solution for its risk management, Basel II compliance, and performance management information requirements.

SunGard’s comprehensive suite of asset and liability (ALM) and Basel II products will assist in strengthening iBank’s risk and performance management processes and help to place it at the forefront of risk management in the Philippines. This will be the first implementation of SunGard’s B2CM solution in the Philippines.

iBank will use B2CM for credit risk portfolio management and to help achieve Basel II compliance. Key to iBank’s selection of B2CM was its capability of providing risk capital calculations across retail and wholesale portfolios with the transparency and auditability required by Basel II. The Basel II Data Manager (B2DM) also has the ability to facilitate data reconciliation with the general ledger, which helps promote confidence in the integrity of the underlying data.

iBank President and Chief Executive Officer, Ramon Y Sy, said, "While Basel II compliance is an important issue for financial institutions, our decision to purchase the entire suite of SunGard risk solutions goes beyond the mere need to comply. We are looking at these risk and performance management solutions to help us achieve a leading edge and competitive advantage in Philippine banking."

Antonio C. Moncupa Jr., iBank’s Chief Finance Officer, said, "We went with an established name and leading provider of services to the financial industry. This project is very important to us and we believe that we can benefit from SunGard’s expertise in the areas of risk and performance management."

John Wilson, President of SunGard Asia Pacific, said, "We are very pleased to be entering into this partnership with iBank, one of the Philippines’ most progressive and innovative financial institutions. iBank has recognised the value of leveraging the tools to achieve compliance into best practice risk management processes. We are confident that the SunGard team and iBank team will work well together to deliver a successful project for the Bank. SunGard is committed to the Asia Pacific region, and specifically to the Philippines, and we now count five of the Philippines’ top six banks as customers."

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