Finansbank launches full portfolio of VISA cards

"We are honored to announce to our clients, business partners and to the respected members of media, the launch of our long-awaited unique card program, which has already proved itself in several other countries through Fiba Group Financial Services network. We are already witnessing that in Romania, cards and card transactions are becoming more widespread.

As Finansbank (Romania) SA, CardFinans is a milestone in retail banking activities, to complete the gamma of services offered to our clients, in order to ease their lives and to let them enjoy first class banking", said Tamer Ozatakul, president of Finansbank Romania.

CardFinans Visa Classic and Visa Gold are international credit cards in ROL allowing the cardholder to have access to his own funds as well as to access a credit line given by the bank based on a scoring analysis.

For commercial transactions the cardholder can benefit of a grace period, without paying interest, up to 30 days. Finansbank offers an unlimited credit period with the condition of reimbursing monthly the minimum amount of 15% from the total used amount. The interest rate for the used credit is 30% per year.

CardFinans Visa Electron is an international debit card in ROL or EUR which offers the cardholder the possibility of having access to his own funds in a card account opened with Finansbank and can make transactions for buying products/services anywhere in the world.

CardFinans Visa Business Electron is an international debit card in ROL or EUR for legal entities, whose employees travel frequently for business purposes and buy products/ services for the company. The bank will give an overdraft limit to the client-company, which will be assigned to the card users, according to the limits agreed with the company. The amount used during a month must be fully reimbursed the following month.

Through CARDFINANS, the cardholders have access to emergency services while traveling abroad such as: declaring the card lost/stolen, emergency cash disbursement (for cardholders whose card has been lost/stolen) medical and legal counseling during traveling, assistance during traveling (where payment for the travel was made with a card).

The customers can apply for CARDFINANS through Finansbank branches, with the support of the Direct Sales Team and also on-line at www.crediteuropebank.ro. Also the bank provides to the customers a free phone-line for any questions or information needed at Tel Verde 0800.800.700

"We welcome this launch and we congratulate Finansbank on its portfolio of Visa cards. New CARDFINANS Visa cards provide their owners with the widest acceptance network in the world and offer them reliable guarantee that they will be safe and best assisted in any circumstance", said Catalin Cretu, Visa International CEMEA's Area Manager for Romania and Bulgaria.

"The new Visa cards will offer the bank's clients modern and flexible products, tailored specifically to their needs. We are happy to see competition increase on the local card market, as this will bring more customers into the banking system and will generate positive effects on the economy at large," Catalin Cretu concluded.

Finansbank entered the Romanian cards market in October 2003 by launching the first property shopping card in Romania, CARDAVANTAJ, in collaboration with Bucharest Mall. This card has attached a credit limit and can be used for buying products from Bucharest Mall, the payment being done in installments without interest and receiving bonuses for every transaction made.

The product was awarded "Premiere of the year" at the third edition of No-Cash gala, this year.

Through its 22 service points, Finansbank (Romania) S.A. serves more than 190,000 clients, with its 670 employees, in all the mains cities in Romania.