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Advanzia Bank, a European online bank specialising in credit cards and payment solutions, achieved another consecutive year of expansion and growth. Credit card turnover has increased by 27%, and now stands at EUR 2.93 billion, with a profit before tax of EUR 75 million. This follows a year of both substantial organic growth in its key markets Germany, France and Austria, but also the entry into the Spanish market.
In 2018, Advanzia continued to expand its customer base in all markets, adding a record number of 290 000 new credit card users, with over 1.4 million Advanzia cardholders throughout Europe. The year-end (gross) loan balance increased by 21.5% to EUR 1.5 billion. With the strong presence in five of Europe's top financial markets, Advanzia's workforce...
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