Ramasoft as a subcontractor of IQSYS began the Varitron implementation in FHB. The software provides market risk management and asset-liability analysis functions. The software will be connected to the Inforex front office system and Bankmaster banking system and other systems.

According to the preliminary data in the 2003 year Ramasoft reached HUF 97.2 million turnover and HUF 26.7 million after-tax profit.

Ramasoft was assigned to implement the Creditron system for Erste Bank Ltd. During the project Ramasoft adapts, develops, supports, trains and consults the system. The project is managed by Ramasoft. The database supporting the system is the Oracle 9.2, and besides preparing internal reports the system also provides the data required by the parent bank in Vienna. As far as we know this is will be the first Basel II solution in the Hungarian market implemented by an external solution provider.

The Hungarian Development Bank called for public procurement called "Procurement and implementation of Market Risk Management System for the Hungarian Development Bank Ltd.". The winner of this public procurement was Ramasoft Llc. with Varitron software. Varitron prepares the regulatory reports monitoring the capital adequacy prescribed by the so-called "decree on the trading rule", besides the system provides market risk management and asset-liability analysis functions. The database supporting the system is a Microsoft SQL Server 2000.

Varitron ALM module is completed, it makes possible to prepare reports in connection with asset-liability management.