Mobile Credit Baltic plc customers to get MasterCard
24 April 2007
Mobile Credit Baltic plc ("Mobile Credit Baltic" or "MCB"), the provider of immediate, short-term credit to borrowers in Finland, Estonia, Latvia and Lithuania, and Conister Trust plc ('Conister Trust’ or 'Conister’), an Isle of Man bank, have entered into an agreement (the "Agreement") to issue MasterCard debit cards to customers in Estonia.
The cards will be issued by Conister Trust under Conister’s MasterCard debit card issuing licence from its base in the Isle of Man, and marketed by Mobile Credit Baltic to MCB’s existing customer base under the Credit24 brand name.
The Agreement underlines MCB’s reputation as a growing consumer-finance group by strongly differentiating the Credit24 brand in the short-term, unsecured lending market, enhancing customer loyalty and potential repeat business, and putting a card with MCB’s Credit24 brand in customers' wallets as a platform for other product sales.
The first card is scheduled to be launched during early autumn 2007. MCB and Conister may extend the relationship to cover all Fenno-Baltic markets in the future.
Rami Ryhänen, Chief Executive of Mobile Credit Baltic plc, said: "The association with Conister Trust brings us a valuable relationship with a forward-thinking MasterCard issuing bank, and will allow MCB further to enhance the range of products and flexibility we can offer our customers."
For further information please contact:
| Rami Ryhänen, Chief Executive Officer | +358 50 550 0262 |
Media Enquiries:
| Capital MS&L: | |
| Peter Curtain / James Madsen | +44 (0) 20 7307 5330 |
Nominated Adviser
| Libertas Capital: | |
| Andrew Raca / Stephen Pickup | +44 (0) 20 7569 9650 |
Notes to editors
Mobile Credit Baltic plc is a provider of fast, convenient, easily understood and flexible credit solutions to retail customers throughout Finland and the fastgrowing Baltic market. Customers are attracted by Mobile Credit Baltic’s high degree of service, a repayment system that rewards promptness, and competitive, highly visible terms. Operating through its recognised Credit24 brand, Mobile Credit Baltic has, in a short period, built an extensive business and is focused on the substantial potential for growth throughout Finland and the Baltic region.