Agroindbank Moldova has completed an upgrade of its core banking system, Temenos’ T24.

The bank has switched from the older R08 version to the newer R15. The upgrade was carried out with the assistance of Foranx LLC.

During the project, “various tasks” were completed, including a technical upgrade of the system, analysis of local developments made by the bank and adaptation of new R15 functionality.

Founded in 1991, Agroindbank Moldova is the largest commercial bank and lender in its home country, controlling 26.9% of total assets, 30% of loans and 28% of deposits.