News of the Bank

PRAVEX-BANK was awarded with an honorable diploma “500 000 Visa cards” of Visa CEMEA association

Kyiv, 5 October, 2007 — On 25-27 September 2007 in Saint-Andrus (Scotland) a subregional meeting of CIS countries Visa bank-members took place where PRAVEX-BANK was awarded with a honorable diploma for emission of 500 000 Visa cards. Representatives of Russia, Ukraine, Armenia, Kazakhstan, Azerbaijan, Belarus, Georgia and others took part in the conference.

The topic of the conference was "Credits and acquiring with Visa: success strategy". The conference was dedicated to the issues of Visa credit products in Russia and CIS, foreign experience of credit portfolio and credit business management in global scale, bonus cards emission experience, co-branding programs, cashless payments development in the way of acquiring mechanism improvement, European experience of acquiring and others.

In the course of the conference President of Visa CEMEA Association Ann Cobb in a grand manner awarded PRAVEX-BANK an honorable diploma "500 Visa cards" Visa International.

Left to the right: Ann Cobb, President of  Visa CEMEA Association; Yuriy Khayev, head of plastic cards department of JSC "PRAVEX-BANK", with honorable diploma of Visa CEMEA Association; Tony Bronia, General director on Russia, CIS and Southern-Eastern  countries of Europe, Visa CEMEA.

"Receipt of the diploma from Visa CEMEA Association emphasizes indexes achieved by us relating Visa active cards, expressing international acknowledgment of PRAVEX-BANK successes. In general, PRAVEX-BANK high results in the field of payment cards emission has been achieved at the expense of wide range of card products, which permits to satisfy the increasing clients' demands and to improve service level", — comments Yuriy Khaev, head of plastic cards department of PRAVEX-BANK.

ANTONIN Yermolenko, Head of Visa International Representative office in Ukraine, congratulated PRAVEX-BANK with receipt of honorable diploma. "Today we witness an active development of payment cards market in Ukraine and it is pleasant for us to note PRAVEX-BANK efforts in this direction. For the last year the Bank executed a huge work: Visa card portfolio increased, total number of cards increased, cover geography expanded that, undoubtedly, is an important contribution into development of cashless payments in Ukraine", — added Mr. Yermolenko.