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Vneshtorgbank becomes one of the leaders in the banking card market

 
25 October 2004

In the first nine months of 2004, the generalount of Vneshtorgbank banking cards in circulation has increased 58% from 351,000 to 556,000 units. The volume of their operations (in the Bank network and external network) has totaled the equivalent of RUR25 billion.

As of 01/01/04, the volume of consolidated balance on bank card accounts totaled USD143.3 million; an increase compared with the beginning of the year of USD54.3 million (61%).

In the period 01/01/04 to 01/10/04, theount of organisations, including "income" agreements, using Vneshtorgbank international cards, rose more than twice to 3,258.

According to the Deputy President-Chairman of the Board of Vneshtorgbank, Gennady Soldatenkov - `Now, Vneshtorgbank has become one of the leaders in providing clients with banking cards on an international payment system. As part of the active development of the complex of banking card services, based on enhancing and improving the marketability of the product series, an effective network of services has been created and the client base widened. This year, Vneshtorgbank has offered clients the ability to order more widely distributed bank cards through the VTB internet website, has begun to issue bank cards on the international payment system Visa Int. in Euros, has adopted a new card product for corporate clients - the "Big Business"erican Express corporate card, and plans to begin issuing credit cards itself.

In the first nine months of 2004, the network of Vneshtorgbank`s services in international cards increased from 1915 to 3200 points. Now it counts 211 issue points, 747 bank machines and2,242 trade businesses and services.


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