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Raiffeisen ?Credigen agreement

Credigen Bank Rt offers its clients VISA credit card as of August 1, 2005 with the card supplying background of Raiffeisen Bank, the latter one announced. The agreement was signed yesterday by the members of management of both financial institutions. According to the contract Raiffeisen Bank issues and operates the VISA credit card of Sofinco?s Hungarian subsidiary Credigen. Sofinco belongs to Credit Agricole Group that is a leading commodity creditor in Europe. Raiffeisen ensures the authority and clearing of credit cards and have contacts with international VISA card company.