Parex banka to expand relationship with American Express

Published: 20 January 2009 y., Tuesday

 

Parex bankas
At a meeting this week, Nils Melngailis, the Chairman of Parex banka, and Alex M Furber, American Express Vice President in Central and Eastern Europe, agreed to explore further options for co-operation. Following the meeting Nils Melngailis said that Parex banka sees opportunities in current market conditions to strengthen its position in the credit card market through its exclusive relationship with American Express.

„As a result of the very successful co-operation between Parex banka and American Express in the past, American Express are now looking to explore new opportunities with us. We welcome these discussions and intend to expand the Bank’s activities in the Latvian credit card market. One of the great strengths of Parex banka is the loyalty of our clients to our brand and we will build on this as part of developing our new growth strategy,” the Chairman of Parex banka emphasised.

In 2005, Parex banka was granted exclusive rights to distribute American Express credit cards in Latvia and today it offers three types of credit cards: American Express Platinum, American Express Gold and Blue from American Express. These cards are unique because they are designed to serve local customers at home and abroad to meet their evolving lifestyle needs by providing access to exclusive benefits and services that only these American Express Cards can provide.

 

Šaltinis: www.parex.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taking stock of the single market

Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation. more »

Japan debuts new bullet train

Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour). more »

The Security Technology Exhibition KIPS 2011 to be Held in Kiev

The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’ more »

Dubai dining reaches new heights

The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower. more »

Clarifying rules to strengthen consumer rights

The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday. more »

Fiji and Papua New Guinea: green light for economic agreement

MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU. more »

Setting the stage for economic recovery

Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'. more »

Capsule rooms appear in Shanghai

China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market. more »

A turning point for the European financial sector

Declaration by Michel Barnier on the start of three new authorities for supervision. more »

A successful start for the euro changeover in Estonia

On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan. more »