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Uralsib Bank and American Express Announce Card-Issuing Partnership in Russia
MOSCOW,  September 3, 2012 -- 

Uralsib Bank and American Express today announced that Uralsib Bank will become an American Express card-issuing partner in Russia. The new credit cards will be designed to meet the requirements of Uralsib Bank’s customers and carry a range of benefits traditionally associated with the American Express brand. The cards will be issued in Russian Rouble, Euro and U.S. Dollar denominations.

“We will issue the first American Express-branded cards to our clients in the beginning of 2013,” said Ilya Filatov, Deputy CEO of Uralsib Bank. “Based on American Express’ extensive experience with premium credit cards, we plan to offer our clients innovative card products featuring first-class services and new benefits, which will extend our existing card product line and allow us to attract new customers.”

“We are very pleased to partner with Uralsib Bank as part of our strategy to build relationships with the best partners around the world,” said Debra Davies, Senior Vice President and General Manager, American Express Global Network Services, Europe, Middle East and Africa region. “Our partnership with Uralsib Bank will enable us to expand the scope and reach of the American Express brand in Russia, as well as increase our presence through the development of high-quality products and services specifically designed for Uralsib Bank’s customers.”

Under the partnership agreement, Uralsib Bank will issue American Express-branded cards and will be responsible for customer service for these products in Russia.

Uralsib Bank is one of the leading Russian banks, providing a wide range of bank products and services to retail and corporate clients. Uralsib Bank is number 14 among Russian banks in terms of net assets, as well as among the top 15 banks in terms of the size of loan and liability portfolios, as per RBK Rating as of January 1, 2012.

About American Express
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, twitter.com/americanexpress and youtube.com/americanexpress.

Since 1996, American Express has been pursuing a strategy of opening its merchant network and card product portfolio to third party issuers around the world. By leveraging its global infrastructure and the powerful appeal of the brand, American Express has gained even broader reach for its network worldwide. American Express has now established 146 partnerships in 159 markets across the world. Learn more at americanexpress.com/gns.
 


Contacts

Samina Ansari+44 (0) 1273 212304samina.ansari@aexp.com

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