1988 Founding of the company
2014 start of cooperation with Colvir Software Solutions

Bank CenterCredit is one of the leaders of the country's banking system, which for over 34 years has been providing simple and convenient products and services based on the most modern technologies in all regions of Kazakhstan. The bank places special emphasis on innovation and convenience, so that every category of clients has its own unique product and can use banking services with maximum comfort. The bank's mission is to provide smart and fast solutions, building long-term partnership relationships with clients.

More about the bank
COLVIR PRODUCTS
The bank uses more than 70 modules of the Colvir banking system.
Core Banking System
A modern platform for efficiently running a banking business, featuring a broad range of functional modules.
Colvir ERP
Colvir ERP takes control of procurement costs and leads to a reduction in administrative and economic activity (AEA) expenses.
Treasury
A solution for automating operations in international and domestic financial markets that enhances the bank's economic efficiency.
Eco Center Bank (ECB) was established in May 2022 on the basis of the former Alfa-Bank Kazakhstan, following its acquisition by Bank CenterCredit (BCC). The merger of the banks was completed in the shortest possible time. On September 5, 2022, ECB clients were transferred to BCC. Thanks to the fact that both banks operated on the Colvir Banking System core banking platform, the data migration was carried out quickly and seamlessly for customers.
Data migration became one of the key challenges during the merger of the two banks. The volume of data turned out to be larger than anticipated, given that it was necessary to migrate not only clients using ECB products, but also other affiliated entities. Thanks to the coordinated efforts and high competencies of the project team members, both banks managed to successfully navigate this process. For the rapid loading and reconciliation of data, both the system and the employees truly worked 24/7.
Saken Nigmashev
Head of the Press Service of Bank CenterCredit

To effectively manage the integration processes, Bank CenterCredit established an "Operations Committee." The bank's management distributed the entire scope of tasks across individual streams, assigning a responsible person to each one. Weekly performance monitoring was conducted, and any issues that arose were promptly addressed.

The fact that both banks operated on our system significantly accelerated the data migration process, which proceeded with virtually no need to contact Colvir specialists. Familiarity with the system allowed ECB employees who moved to BCC to start working without retraining. They only needed to familiarize themselves with the system settings and products in place at BCC. The bank merger brought only positive changes for ECB clients: loan terms were preserved, and deposit terms remained in effect for six months following the merger. Bank CenterCredit offered new clients favorable service packages, convenient applications for individuals and legal entities, and maximum process automation.
Yuri Arutyunyan
Account Manager for Eco Center Bank at Colvir

Due to the fact that Colvir specialists were aware of the specific versions of the banks' Core Banking Systems, during the GAP analysis they were able to quickly and efficiently compare both functionality and data. This approach and the expertise of Colvir Software Solutions made it possible to shorten the comparison process and promptly determine which system should become the target one and how to best organize the data migration.

Three key factors can be highlighted on the part of the IT system and the staff: firstly, the IT department employees of both banks knew the data architecture (Colvir adheres to sound database design principles) and the business processes of the platform; secondly, everyone was familiar with the system's standard data migration functionality, which allows both exporting and importing large volumes of data within a unified framework; and thirdly, specialists working on the same platform not only knew each other but also had prior experience of working together, which made it possible to establish effective communication between the teams very quickly.
Saken Nigmashev
Head of the Press Service of Bank CenterCredit

As a result of the bank merger, 1,700 ECB employees joined Bank CenterCredit.

  • Respect and trust of customers is the main measure of success of Colvir Software Solutions

The main challenge for Bank CenterCredit after the merger was system performance. Stabilizing routine procedures and support processes took 2–3 months. The acquisition of an online data archiving system for unused data from Colvir Software Solutions a year earlier proved to be extremely useful. Thanks to the merger and the selection of the best products and processes from both banks, the volumes of client data, internal processes, and staff numbers grew significantly. The next step in development is to improve the quality of internal processes and update the administrative and economic activity (AEA) modules.
Saken Nigmashev
Head of the Press Service of Bank CenterCredit
COLVIR WINS
Colvir's success goes hand in hand with client success.

  • Market Expertise

    Bank CenterCredit is among the 15 financial organizations in Kazakhstan that have been successfully and efficiently running on the Colvir banking platform.

  • Cutting-Edge Products

    Colvir's clients are positioned to be the first to bring innovative and trustworthy services to the market.

  • Enduring Partnerships

    Colvir has been a reliable technology partner and vendor for the bank's development projects since 2014.

  • Sustained Growth

    With Colvir's new solutions, Bank CenterCredit delivers competitive products and state-of-the-art services across Kazakhstan.

Colvir Software Solutions and Bank CenterCredit: driving the growth and progress that clients and the country deserve!

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