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OTP issues 100,000 AmEx cards in a year

OTP Bank Rt has issued 100,000 American Express credit cards in the past 12 months, triple the number expected, deputy CEO Csaba Lantos announced yesterday jointly with AmEx Services regional vice president William Stredwick.

The cards account for most of OTP’s retail credit cards, considering total issues of 160,000 by the end of March 2006. Retail debit cards issued by OTP were close to 3.7 million at the end of March. OTP has been the exclusive issuer of AmEx retail cards in Hungary since June 1, 2005.