PCS completed successfully the IT support of Alpha Bank’s Share Capital Increase

PCS completed successfully the IT support of Alpha Bank’s Share Capital Increase

Athens, 4th June 2013: PCS provided successfully it support during the entire Share Capital Increase (SCI) process of Alpha Bank.

PCS’s proprietary solution PCS Corporate Actions covered comprehensively the entire range of processes for the share capital increase and the over-subscription from the bank’s network (front office), the collection, control and processing of all the applications and other operator files (middle office) and the final settlement, distribution and dispatch of the respective files to the Hellenic Exchange (back office). PCS additionally provided specially trained staff during the settlement process in order to provide consultation to the bank’s executives.

Alpha Bank’s SCI, beyond the importance it had for the broader banking industry was - from an IT point of view – a process of highly increased difficulty due to the very large amounts of data and of the specific terms of the SCI.