Wing Lung Bank Selects Accenture to Plan and Oversee Its Core Banking Transformation Program

  Wing Lung Bank Selects Accenture to Plan and Oversee Its Core Banking
  Transformation Program

Business Wire

HONG KONG -- June 13, 2012

Accenture (NYSE: ACN) has been selected by Wing Lung Bank, a wholly owned
subsidiary of China Merchants Bank, to plan and oversee the implementation of
its new core banking technology system as part of the bank’s broad business
transformation program.

Accenture will provide management consulting services to support Wing Lung
Bank's initiative, which is designed to enhance customer service and help
drive future growth. Accenture will help the bank align its business strategy
with its information technology. In particular, it will help to streamline
Wing Lung Bank’s product portfolio, improve operational efficiencies and
strengthen performance management controls.

The new core banking system will power Wing Lung Bank’s deposits, loans,
payments and customer servicing, as it looks to more closely integrate its
operations between Hong Kong and China.

“Our growth relies upon having true customer orientation in all our
operations,” said Zhu Chi, CEO of Wing Lung Bank. “This transformation will
give us greater flexibility in servicing our customers, pricing our products
and using customer information to improve service across the bank. With
Accenture’s assistance, we will be able to offer a better banking experience
throughout all our locations. We’ve formed a trusted relationship with
Accenture and we are proud to work with them as we transform and innovate our
operations.”

“In the highly competitive Greater China retail banking market, banks need
fully modernized operations and technology,” said Roger Yu, a senior executive
at Accenture. “Our expertise in Asia’s banking environment and our experience
with core systems will help the bank realize its strategic opportunities. We
look forward to working with Wing Lung Bank to help build a more efficient and
personalized experience for its customers.”

Core banking systems are sophisticated technology applications that support
banks’ primary services – from deposit gathering, lending and mortgages to
checking, savings, ATM and credit card services, and online and mobile
banking. They can also support a wide range of regulatory reporting and
compliance functions for banks. Wing Lung Bank's transformation will be
supported by Accenture Core Banking Services, which has helped design and
implement core banking systems for more than 200 institutions globally.

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with approximately 246,000 people serving clients in more
than 120 countries. Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world’s most successful companies, Accenture collaborates with
clients to help them become high-performance businesses and governments. The
company generated net revenues of US$25.5 billion for the fiscal year ended
Aug. 31, 2011. Its home page is www.accenture.com.

About Wing Lung Bank

Wing Lung Bank, founded in 1933, is among the oldest local Chinese banks in
Hong Kong. Following its motto of "Progress with prudence, service with
sincerity", the Bank provides comprehensive banking services, including
deposits, loans, wealth management, securities, credit cards, NET Banking,
syndicated loans, corporate financing, bills, hire-purchase and leasing,
foreign exchange, insurance agency, Mandatory Provident Fund, etc. Wing Lung
Bank also provides futures broking, insurance broking and general insurance
underwriting, property management and trustee as well as nominee services
through its wholly-owned subsidiaries. At present the Bank has 50 banking
business outlets in Hong Kong, Mainland China, Macau and overseas, and a staff
force of more than 1,600 people. As at 31 December 2011, its consolidated
total assets stood at HK$163.9 billion. Wing Lung Bank became a member of
China Merchants Bank Group in 2008 and subsequently a wholly-owned subsidiary
of the Group in 2009. China Merchants Bank, the 6th largest commercial bank by
total assets in China, is currently among the top 100 banks in the world. For
more information about Wing Lung Bank, please visit the Bank’s website
at www.winglungbank.com.

Contact:

Accenture
Sean Conway, + 917-452-6444
sean.k.conway@accenture.com
or
Yuelong Fan, + 86 105 870 5450
yuelong.fan@accenture.com