Using a network of brokers across Canada, Home Trust provides deposits, mortgage and credit card services to clients whose specific needs are not addressed by larger, traditional financial institutions. With SAP® for Banking solutions, Home Trust expects to drive significant improvements in managing deposits, loans, treasury and syndications. Home Trust will also leverage SAP applications to streamline financial operations, enhance its ability to deliver superior customer service and manage its finance, human resources and payroll processes across the organization.
"Our success is based on strategic partnerships that deliver long-term value for our business and customers," said Nick Kyprianou, president, Home Trust. "After a thorough evaluation of software providers, we chose SAP because its integrated solution provides the comprehensive functionality and scalability we need. This is expected to allow us to adapt the system as our business needs change and deliver maximum return on our investment in technology. SAP also has a solid reputation in banking and a strong presence in Canada. We are confident that our core banking system transformation will increase our competitiveness and help us to continually exceed our clients' expectations."
Powered by the SAP NetWeaver® technology platform, SAP for Banking solutions are designed to enable Home Trust to improve operational efficiency and introduce new products and services faster while reducing costs. Home Trust expects to be able to track customer profitability and optimize opportunities by offering tailored products and services. The applications are also designed to help improve the speed and quality of internal and external reporting, and thus enable Home Trust to adapt to the changing regulatory environment and provide an additional framework in managing the company's risk.
"Financial services companies such as Home Trust need a strong technology foundation for core banking processes to meet the ever-changing demands of their customers and industry," said Richard Daukant, vice president and general manager, Financial Services, SAP Canada. "They need flexible solutions that can help them reduce operational complexity, adapt to future changes in products and markets, and support business strategies. SAP for Banking solutions are built on SAP's proven technology and best practices, which are helping numerous customers worldwide to achieve their goal of becoming best-run businesses."
Home Trust joins more than 680 global banks and financial institutions that use SAP solutions to increase profitability and optimize their businesses. (See May 5, 2008 announcement, titled "ATB Financial to Transform Core Banking Systems with SAP.")

About Home Trust
Home Capital Group, Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a Canadian federally regulated trust company offering deposit, mortgage lending, retail credit and payment card services. Licensed to conduct business
across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and Québec. For more information about Home Trust, visit www.hometrust.ca.
About SAP® for Banking
The SAP® for Banking solution portfolio provides banking-specific (transactional banking, customer relationship management, business intelligence, real-time and predictive analytics and integrated finance and risk management) and banking-relevant (financial accounting, human resources management, procurement) services and solutions created on a single SOA-enabled business process platform (BPP). With more than 680 customers in 73 countries worldwide, SAP for Banking provides an integrated set of tools and automated processes to manage every aspect of the front- and back-office banking environment-from high-volume transactional banking processes and customer relationship management to financial accounting, cost controlling and profitability and risk analysis. Based on the open architecture of the SAP NetWeaver® technology platform, SAP for Banking helps companies expertly manage transactions and relationships across the institution to quickly identify and exploit market opportunities and easily tailor new products to the specific needs of individual customers. Additional information is available at www.sap.com/banking.
About SAP Canada Inc.
SAP Canada Inc., based in Toronto, is a subsidiary of SAP AG (NYSE:SAP), the world's leading provider of business software*. SAP applications are helping Canadian enterprises of all sizes improve productivity and customer relationships, reduce costs, increase revenues and profitability, and create efficiencies across supply chains and business operations. SAP Labs Canada, a division of SAP Canada, develops cutting-edge software for a wide array of SAP applications from its Montreal, Toronto and Vancouver locations.