The budget allocated for this period stand at a pretty comfortable level, as most of the companies have sharply cut or frozen investments in technology last year, the manager added.

Banca Transilvania has implemented the Sun-based Oracle Exdata database machine Version 2, launched in September 2009, one of the world’s largest software makers, the warehousing system allowing 30-times faster access to information.

The installation of the system that cost few hundred thousand euro has been assured by Oracle Romania and Trend Import-Export, local company with revenues of around €11 mln in 2009.

This year, Banca Transilvania said it plans to upgrade its card acceptance and issuing system as well as its Internet Banking services.