Savings House announces first credit card, 12.6 mln RON profit

The Romanian Savings House (CEC) launches its first credit card on Thursday. The MasterCard card will be usable both on Romanian territory and abroad, for electronic payments and ATM/EPOS operations.

The news comes as due-to-be-privatized bank reported a net profit of 12.6 billion RON in the first quarter of 2006, with total assets value up by 400 million RON, according to a company press release.

CEC says its main target for 2006 is boosting its market share by keeping its current clients and luring others, both natural persons and companies, with a series of new banking products and services.