Press release

for general publication

Zurich, 11 February 2010

Another Five Banks Go Live with the Avaloq Banking System at the Same Time
Avaloq Banking System in use in Germany – B-Source allows for implementation at smaller Banks

The Avaloq Group, the Swiss market leader for standard banking software, has achieved another
important milestone: at the beginning of January 2010, five banks simultaneously started using the
Avaloq Banking System. With the successful implementation of the core banking system at NBAD Private
Bank (Suisse) SA, NZB Neue Zürcher Bank, Baloise Bank SoBa, Bank Linth LLB AG and the Liechtenstein
LGT Group, which will now also use the banking software in Germany and Singapore, Avaloq has again
proven that the company has sufficient resources and expertise to successfully carry out several
complex projects at the same time. This is not the first time Avaloq has enjoyed such success – one year
ago, five banks, some of them internationally active, also went live with the Avaloq Banking System at the
same time.

Francisco Fernandez, CEO of Avaloq Evolution AG, said: "We are thrilled that we have once again been able to
successfully implement the Avaloq Banking System at five different banks simultaneously. This provides
impressive confirmation that the success of last year was not a one-off. We are particularly pleased that the LGT
Group is now using our banking software, the first bank in Germany to do so. This has allowed the LGT Group to
achieve a competitive advantage in the German banking industry. For Avaloq, this represents a breakthrough in
this attractive market. Furthermore, we are delighted that thanks to our close cooperation with B-Source we are
now also able to implement the Avaloq Banking System at smaller banks".
LGT Group Becomes the First Bank in Germany to Use the Avaloq Banking System
Following the implementation of the Avaloq Banking System by the international wealth and asset management
group LGT in Liechtenstein and Switzerland one year ago, its German and Singaporean branches are now
following suit. Francisco Fernandez commented: "Many of our customers in Switzerland are responding to the
political pressure with an expansive onshore banking strategy. Avaloq also provides its customers with the top
software solution, which they are accustomed to in the demanding Swiss market, in their target markets, meaning
they can conduct "Swiss banking" in Germany, the United Kingdom, Luxembourg, Eastern Europe, Asia and other
growth markets. Our "hub and spoke" architecture enables banks to use the same integrated solution in several
countries, jurisdictions and time zones and to leverage large synergies and create transparency.
Expanding Our Position as Market Leader in Switzerland
The implementation of the Avaloq Banking System at these other banks in Switzerland also strengthens Avaloq's
position as the Swiss market leader for standard banking software. Baloise Bank SoBa and Bank Linth LLB AG
have been using Avaloq's banking software since the beginning of January. The parent company of LLB Group in
Vaduz and LLB (Switzerland) will follow their lead at the start of 2011.
Focus on Smaller Banks Thanks to Partnership with B-Source
After just nine months, the Avaloq Banking System was also successfully implemented at NBAD Private Bank
(Suisse) SA and NZB Neue Zürcher at the start of the year – as a service offered by B-Source. B-Source provides
its services on the basis of this system. This is made possible thanks to the comprehensive B-Source Master
Model Bank, which was developed with the support of its partners Avaloq and Orbium. This means that the
Avaloq Banking system can now also be offered to smaller banks.
Contact at Avaloq
Avaloq Licence AG
Bernhard Zihler
PR & Communications Manager
Zürcherstrasse 59
CH-8800 Thalwil
Phone: +41 58 316 23 51
E-mail: bernhard.zihler@avaloq.com

Avaloq: Standard Banking Software

The Avaloq Group is the Swiss market leader for standard banking software. With the Avaloq Banking System,
the company offers an integrated and modular all-round banking solution for private, retail and general banks,
asset managers and transaction banks. More than 40 banks worldwide trust in Avaloq's software. In addition,
Avaloq also offers various services covering the entire life cycle of its banking software. At the Avaloq Academy,
customers are trained to further develop the Avaloq Banking System independently. The Avaloq Community
provides a forum where more than 35,000 users, partners and employees of the Avaloq platform can exchange
knowledge and innovative ideas. Avaloq has a presence in Zurich and a number of other locations across
Switzerland, in addition to branches in Luxembourg, Frankfurt, Vienna, Moscow, Dubai and Singapore. As part of
its internationalisation strategy, Avaloq is aiming to open further branches.