Press Office

As the results of the Asseco's report "Corporate Banking today and in the future" show, customers expect increasingly more innovative solutions which will facilitate their daily work and contact with a bank. For 47% of them, innovation is just as important as safety. An example of a solution which is in line with the global trend of seeking innovation is Asseco Enterprise Banking Platform, which we offer to both the SME sector and corporations, said Marta Mróz-Sipiora, Product Manager, Asseco Poland.

The aim of the Report of Gazeta Finansowa was to distinguish companies which, according to the editorial team, meet the expectations of customers by offering them increasingly more advanced products and services.

The system developed by Nextbank is fully adapted to deposit and credit products specific for Southeast Asia and is integrated with both a mobile application for bank advisers, enabling them to execute transactions outside a branch, and with a mobile banking application offered to clients. The solution is made available in the cloud and provides a set of functionalities necessary to run a mid-sized bank. Currently it operates in 5 Philippine cooperative banks.

The Asseco Group has been joined by a very substantive and business-oriented team. Nextbank is still a small company, but it has already carried out implementations in 5 banks in the Philippines and is currently running further implementations. It has a very interesting product - a core-banking system with the possibility of mobile access for bank customers, which is available in the Amazon cloud. It is fully adapted to the needs of local institutions. We are also counting on the possibility of achieving synergy in the area of our product portfolio in the future, as well as on the exchange of know-how between our teams, said Zbigniew Pomianek, Vice President of the Management Board, Asseco Poland.

There are currently over 500 banks in the Philippines, 450 of which are cooperative banks with limited IT investment budgets and limited access to qualified IT staff in the provinces. For the Asseco Group, the new investment means first of all the possibility of conducting business operations in the Philippines, where no implementations have been carried out so far. It is also an impulse to expand the company's product offer.

, said Marek Panek, Vice President of the Management Board, Asseco Poland.

, said Krzysztof Kogutkiewicz, CEO, Nextbank Software.

The transaction value of the acquisition of shares in Nextbank Software is PLN 17 million. There are no plans to merge the Kraków-based company with the Asseco Group.

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Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE) and the sixth-largest producer of software in Europe. It leads international Asseco Group, which operates in 54 countries and employs over 24,000 people. The development of software for banks is one of the key business areas of Asseco Poland, which offers solutions which meet the latest trends in global banking. Asseco has completed over 1,000 implementations with more than 650 customers. Currently over 500 banks use our core banking system.

Read more about this year's edition of the "List of 2000" ranking.

The jury assessed the business activities of Polish companies, which effectively build a positive image of the country abroad through their products and export services. Thanks to this, they influence the development of the Polish economy and the way Polish products are perceived by the society.

The „LUBIĘ, BO POLSKIE” ranking was prepared under the honorary patronage of the Ministry of Investment and Development, the Ministry of Energy and the Ministry of Entrepreneurship and Technology.

Read more about the ranking

PUE ZUS is a solution used on a daily basis by employers, insured persons, doctors, as well as beneficiaries. The system includes the ePłatnik (ePayer) application, which is used by payers to handle insurance documents, among others. In turn, employees, through PUE, have the possibility to use electronic handling of some of the applications, as well as to register a visit to any institution or to check whether an employer has registered them for insurance purposes. Finally, thanks to PUE, doctors can issue electronic medical certificates (e-ZLA), among others.

PUE ZUS is a convenient solution that provides contribution payers, the insured and benefit recipients with access to the most important information collected in ZUS in electronic form. But its development potential is much greater. In my opinion, the development of this type of electronic services is a necessity and an important element in the implementation of the e-state strategy. The state administration is increasingly more focused on modern electronic channels for direct contact with citizens, said Arkadiusz Wójcik, Director of the Social Insurance Division at Asseco Poland. I am glad that the Asseco teams are involved in the execution of such important projects, especially as they require a number of advanced competences and improved level of maintenance services. We are currently observing a recovery in the administration sector in terms of new IT projects and we are looking forward to the coming months with optimism. In the area responsible for serving the public sector alone, since the beginning of this year we have increased employment by about 10% and we are still looking for more people to join us, he added.

Last year, Asseco signed a number of important agreements with ZUS, both in terms of the scale of the implemented projects and their importance for the efficient functioning of the state. The Company introduced, among other things, key modifications in the Comprehensive Information System (KSI ZUS), related to the reduction of the retirement age of pensioners and the introduction of the so-called e-Contribution. The Company also signed an agreement to introduce changes to the Social Insurance Institution due to new regulations concerning the storage of employee records. Its value is PLN 24.5 million gross. Asseco also concluded a new framework agreement for the modification of the ZUS Comprehensive IT System (KSI ZUS). The contract worth almost PLN 350 million gross will be executed over a period of 4 years - Asseco, as one of the two suppliers, will apply for individual projects under mini-tenders.

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Asseco is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE) and the 6th largest producer of software in Europe. It leads international Asseco Group, which operates in 53 countries and employs over 24,000 people. Asseco is the largest producer of software for the public sector in Poland. The company has built and implemented comprehensive systems for, among others, the Social Insurance Institution (ZUS), the Ministry of Interior and Administration, the Ministry of National Education, the Supreme Chamber of Control (NIK), the Central Statistical Office (GUS), the Agricultural Social Insurance Fund (KRUS), the Agricultural Property Agency (ANR) or the Institute of Meteorology and Water Management (IMiGW). In addition, for many years Asseco has been a trusted partner for the power industry, the telecommunication and healthcare sectors, the uniformed services, and local governments.

The financial results of the Asseco Group for the first three quarters of 2018 are directly comparable with the corresponding period in the previous year. In August 2017, Asseco sold a portion of its stake in Formula Systems. It achieved a record-breaking net profit at the time, but on the other hand, the revenues and operating profit generated by the Israeli Group were not consolidated in August and September. In October 2017 Asseco regained the control over Formula Systems and since then it has included the Group's revenues and operating results again. Assuming the consolidation of Formula Systems' results throughout the whole third quarter of the previous year, thus ensuring comparability of results, the Group's revenues increased by 6% - the same applies to the sales of proprietary software and services. In turn, the operating profit increased by 23%.
The Asseco Group's revenues are diversified by sectors, and in the first nine months of 2018 they were divided into the general business sector (39%), banking and finance (40%), and public administration (21%). The Group is also geographically diversified and presents its results divided into three segments: Asseco Poland (Polish market), Formula Systems Group (Israeli market) and Asseco International (other international markets).

During the first three quarters of this year, we were satisfied with the results we achieved in the banking sector in Poland - the revenues in this area increased by 8%. Among other things, they were positively affected by the consistent development of the sales of our banking products abroad. Also noteworthy is the strengthening of the Asseco Group's presence on international markets. The Formula Systems Group's companies increased their sales and carried out interesting acquisitions in Israel and the US. The revenues in the Asseco International segment increased by 16%, largely thanks to dynamic growth in South Eastern Europe, especially in the payments area. In addition, Asseco Central Europe achieved significantly higher sales, among other things, thanks to the incorporation ofMacrologic, CEIT and DWC Slovakia into the Group, said Rafał Kozłowski, Vice President of the Management Board of Asseco Poland.

The basis for Asseco's operations and development strategy remains the sale of proprietary IT products and services, which in the past period amounted to over PLN 5.5 billion. This represents 82% of total revenues. Additionally, Asseco continues its cooperation with key clients and actively supports new projects. In November 2018, the order backlog amounted to PLN 8.8 billion and was by 6% higher than in the corresponding period in the previous year (assuming consolidation of Formula Systems' results in the whole third quarter of 2017).