November 2008,

MIT (Micro Informatique & Technologies SA) announces that BCP (Banque de Commerce & de Placements SA), Dubaï went live with the Web based version of CREDOC in order to support its Trade Finance operations in the Middle East.

Jean-Philippe Albert, Operations Department Manager at BCP, Dubaï, a long time user of CREDOC at BCP Geneva, is relishing the fact CREDOC will be used by its department; a tool he defines as “flexible, user-friendly, and adaptable to their varied trade finance operations”.

“This new installation reinforces our already successful collaboration with BCP”, reminds Paul Cohen Dumani, MIT’s General Manager, adding that it’s an important reference for MIT in a region with a huge potential of growth for the Trade Finance industry.

About BCP (www.bcp-bank.com)

Banque de Commerce et de Placements - BCP was established in 1963 as a Swiss bank and is supervised by the Swiss Federal Banking Commission. In 1991, the Cukurova Group of Turkey bought the majority shares of BCP, with the remaining shares owned by Union Bank of Switzerland (UBS). In 1996, Yapi ve Kredi Bankasi A.S. of Turkey purchased UBS' shareholding. BCP's head office is in Geneva. The bank has branches in Luxembourg and Dubai and a representative office in Istanbul. Ever since its creation, BCP has been highly specialized and very active in the areas of Trade Finance, Private Banking, Correspondent Banking, and Treasury services.