- Advanzia Bank
Advanzia Bank S.A. was established in
Luxembourg in 2005 subject toCSSF supervision, specializing in euro savings accounts and no-feecredit card s. The bank was established as a result of the former Founding Management ofBankia Bank seeking to establish an EU-based bank. This was accomplished with the previously largest shareholder of Bankia Bank,Kistefos , becoming the largest shareholder of Advanzia Bank. Fyksen, Grenth, and Holtedahl has together with Dr. Thomas Schlieper set up the bank, which has quickly become a significant issuer of international credit cards in mainland Europe without a presence in the highly competitive UK card market. Europe's premier card issuer isBarclaycard of the UK.Under the umbrella of
Europe an cross border banking regulations, Advanzia caters primarily toLuxembourgish and German clients.Within its first year of operations, the bank had become the largest Luxembourgish issuer of credit cards with its "Gebührenfrei MasterCard Gold".
Sources
* http://www.advanzia.lu
* http://www.cssf.lu/index.php?id=8&L=1
* http://www.focus.de/finanzen/karten/kreditkarten-vergleich
* http://www.test.de/presse/pressemitteilungen/-Tages-und-Festgeld/1576820/1576820/
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