Advanzia bank gets new managing director and sees continued growth
Advanzia Bank is headquartered in Munsbach and is based in Luxembourg, Germany. The company is well-regarded in Europe and is in more countries than just Germany. They specialize in banking solutions and work with businesses and customers. The banking provider was founded in the year 2005 and employs over 200 people. Advanzia first started out by selling its credit card and money market account. It is noted the bank was able to survive and overcome the global market crisis in 2007. The bank has created more credit cards and provided more services since its founding in 2005.
The bank sells mastercards to customers. Some of their credit cards offer no fees and have supported mobile payments for years. People can also download their app from the Google Play store. Advanzia offers loans and credit cards and other payment solutions to customers. Advanzia is also owned by private investors.
According to a recent article from CardScout, Advanzia Bank had another successful financial year. The company switched its managing director and is on course for continued growth. Credit card sales for the company increased along with their total revenue for the year. The application was also seen as a success. They experienced growth in other places such as Italy. The new CEO of the company will be Nishant Fafalia. Advanzia Bank plans to grow and continue strong results with an emphasis to add more customers and businesses to their portfolio. The bank states they have been able to be successful and overcome the adverse challenges of today.