The Crédit du Nord Group chooses the NOEE Software Package to Manage Employee Savings schemes

The Crédit Du Nord Group has announced the operational start-up in ASP mode of its NOEE information system, designed and developed by Linedata Services, which has been supplying software solutions for employee savings administration for more than twenty years.

This new software package, which now manages 50% of France’s employee accounts is based on a graphical interface and high-performance web tools and offers all the functionalities that companies require in terms of employee savings.

The nearly 200,000 employee accounts managed by Crédit du Nord will therefore benefit from NOEE’s functionalities, which meet companies’ needs in terms of adaptability, power and ability to react quickly.

Mr. Thierry Lucas, Head of Crédit du Nord’s Information Systems, Bank Operations and Projects, states: “As Employee Savings is becoming a more and more competitive market, the implementation of the NOEE software package meets two requirements: the furthering of CDN’s capacity to create new commercial products and the improvement in the quality and productivity of employee savings accounts managment services.”

Mr. Anvaraly Jiva, Linedata Services’ CEO and Chairman of the Executive Board, adds: “We are very pleased with Crédit du Nord’s choice, which confirms how attractive our new offer is within a strategic sector for our group. Over the next months, we will be particularly attentive to the proceedings of its development, and we hope to convince other account holders to join NOEE.”

About the Crédit du Nord Group:

The Crédit du Nord Group is the result of the bringing together of nearly 80 regional establishments that have been uniting their strengths and talents for over a century and a half. Today it is notably made up of seven banks—Courtois, Kolb, Laydernier, Nuger, Rhône-Alpes, Tarneaud and Crédit du Nord—, an asset management company, Etoile Gestion, and a stock exchange company, Gilbert Dupont.
The Group’s 8,600 collaborators and network of 780 branches are at the service of 1.38 million individual customers, 186,000 professionals and associations, 32,600 companies and corporations.
The Crédit du Nord Group’s entities benefit from a high level of independence in their management and activity, which is especially evident in their rapid decision-making and ability to react quickly to customers’ needs.

The strategy of the Group’s banks revolves around three key elements:

- remaining a bank of reference in terms of the quality of customer relations,
- developing a high level of individual and collective professionalism,
- offering the most advanced services and technology to their customers.

The quality and solidness of the Crédit du Nord Group’s turnover are well-known by the market and backed by the long-term AA- credit rating given by Standard & Poor’s and the long-term A+ credit rating given by Fitch. For further information, please visit the website: www.groupe-credit-du-nord.com

About Linedata Services:

Linedata Services is an international leader in the domain of Financial Information Technology. Its domains of expertise include Asset Management, Savings & Insurance and Leasing & Credit Finance. As a software and services provider and solutions integrator, Linedata Services offers global solutions that are tailored to the world of finance. The group realized a turnover of 160.7 M € in 2008. Linedata Services is listed on the Eurolist Compartment C. For further information, please visit Linedata Services’ website: www.linedata.com

Press Contacts:
Sylvie Aussavis

Crédit du Nord Group
Head of Public Relations
Tel: +33 (0)1 40 22 53 21
sylvie.aussavis@cdn.fr

Thomas Hirsch
Linedata Services
Head of Communications & Marketing
Tel: +33 (0)1 47 77 68 39
thomas.hirsch@linedata.com