Press Release from the CTL Press Office, April 5, 2006

The Athens-based banking group, Eurobank EFG, has begun offering retail services in Poland through its Polbank EFG subsidiary and is to open 50 branches by year end. The rollout is using systems developed by Card Tech Limited (CTL), a UK-based leader in the payments industry, and went operational less than three months after the project development and planning agreement was signed. 

A CTL client since 2002, Eurobank EFG Group chose to deploy the same CTL PRIME and ONLINE card management software it successfully uses in Bulgaria, Romania, Serbia and Montenegro and Cyprus to support its international issuing and acquiring credit card business.

Drawing on the unique multi-country, multi-lingual and multi-currency functionalities of the PRIME platform, Polbank EFG is offering a Visa-branded card to its retail customers. Using PRIME’s innovative Instalments module, the bank has also introduced the option for cardholders to pay for goods in interest-free instalments.

Edith Kessler-Charalambous, General Manager Business Expansion at CTL, said "CTL PRIME has yet again proven itself as a flexible, global platform that delivers crucial benefits from its multi-country and multi-institutional functionality. We have also demonstrated its extremely fast time to market deployment and exceptional versatility in meeting diverse banking requirements.”

About Card Tech Limited
Card Tech Limited has been providing payment association certified solutions to the bankcard sector since 1989. More than 190 banking clients from 70 countries use CTL systems. CTL solutions include card issuance, merchant acquiring, authorisation, message switching, encryption key and PIN management, e-commerce and fraud management. Addressing every aspect of the card management business cycle, they are developed and supported by a dedicated team of over 300 CTL specialists across five regional offices in London, Nicosia, Moscow, Kuala Lumpur and Dubai.

About Eurobank EFG Group
EFG Eurobank Ergasias was established in 1990, and offers a full range of banking products aimed at individuals, corporations and institutions. Employing over 13,000 people, it is Greece’s leading provider of consumer loans and credit cards, small business lending, SME lending and mutual fund management. Since expanding into South-East Europe in 2002, Eurobank has issued over 1million cards in Bulgaria, Romania, Serbia & Montenegro and Cyprus and attracted 25,000 merchants in the process. Eurobank EFG now accounts for 47% of the total card issuing market in Bulgaria and just under 40% in Romania.

Press Contact:
Sara Ruffell
Communications Coordinator
Sara.Ruffell@ctl.com
+44 20 7761 7800
www.ctl.com 

CTL Contact:
Edith Kessler-Charalambous
General Manager Business Expansion
Edith.Kessler-Charalambous@ctl.com
+44 20 7761 7800
www.ctl.com

Any other information may be obtained from the Press Office

Tel: 0044 (0)20 7761 7800
email: PressOffice@ctl.com