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March 02, 2005

Credit card growth for Postbank bucking current trend
11 percent increase year-on-year / Strongest growth in VISA business card / Credit card sales pass EUR 1 billion for the first time

In the past year, Deutsche Postbank AG increased the number of its credit card customers by more than eleven percent to just under 747,000. For the first time, credit card sales broke the billion-euro barrier. “We are currently growing significantly faster than the market, which only increased by 1.2 percent in 2004,” emphasizes Dr. Jörg Wittenberg, who is responsible for card transactions at Postbank.

The Bonn-based Bank recorded its fastest growth with the VISA Business Card. The number of these cards, which comes with a service package for small and mid-cap businesses, grew by 60 percent compared to the previous year. Overall, the number of VISA Cards grew by approximately 19 percent.

17.7 percent of Postbank’s credit card customers already monitor their sales online. In the case of commercial cards (credit cards for businesses) this figure is already above fifty percent. Since 2004, users of the online service have also been able to view sales that have not yet been settled.

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Please send your questions concerning the press to presse@postbank.de .
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