Luxembourg, March 29th, 2019 – The acquisition of the bank card servicing operations of Catella Bank by Advanzia Bank S.A. was concluded on March 29th, 2019. This acquisition had been announced on December 18th, 2018.
The successful closing of the deal underlines Advanzia's continued ambition to become a leading provider of credit card servicing solutions for banks and financial institutions. Advanzia now services 85 banks in 13 countries. As part of the deal, Advanzia also welcomes fifteen new employees.
“This deal places Advanzia firmly on the map as the leading provider of turnkey credit card solutions for private banks. The combination of the strong Capitol brand with our existing offering strengthens our portfolio and will enable us to maximise our growth in this market segment," comments Roland Ludwig, CEO of Advanzia, pleased with the successful completion of the transaction.
Advanzia's professional card services range from personalised white label cards to co-branded turnkey solutions under its own Omnium brand. Outsourcing credit card operations to Advanzia offers a complete servicing solution with seamless integration and minimal administration for the partner. In addition to Advanzia's commitment to serve its new partner banks under the trusted Capitol brand, Advanzia will continue to diversify its existing product range with innovative solutions.
About Advanzia Bank
Founded in 2005 in Luxembourg, Advanzia Bank S.A. is a European online bank specialising in credit cards and payment solutions. With 1.4 million credit card customers, the bank achieved a turnover of EUR 2.9 billion in 2018. Advanzia is a leading online credit card issuer in Germany and has a strong presence in Luxembourg, Austria, France and Spain. As well as issuing credit cards under its own brands, the bank also partners with over 220 companies, associations and financial institutions who use Advanzia co-branded credit cards to create competitive advantage.