| | Business Summary | | Providian
Financial
Corporation
(Providian)
provides
credit
card
loans,
cardholder
service
products
and
deposit
products.
Providian
operates
through
the
following
businesses:
Integrated
Card,
Global
E-Commerce,
International
and
First
Select.
The
Integrated
Card
business
offers
credit
card
loans
generated
primarily
through
Visa
and
MasterCard
credit
cards.
The
Global
E-Commerce
business
consists
of
www.aria.com,
which
allows
consumers
to
apply
and
receive
a
credit
decision
online;
www.providian.com,
which
offers
certificates
of
deposit
and
money
market
accounts;
and
www.getsmart.com,
an
online
marketplace
that
pairs
individual
consumers
seeking
a
specific
product,
such
as
a
credit
card,
home
loan
or
auto
loan,
with
lenders
offering
those
products.
The
International
business
offers
credit
cards,
cardholder
service
products
and
retail
deposits
in
the
United
Kingdom
and
Argentine.
The
First
Select
business
purchases
and
services
distressed
credit
card
assets
from
other
issuers. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PVN,
a
consumer
lender,
offers
a
range
of
lending
products,
including
credit
cards
and
a
variety
of
fee-based
products
and
services.
For
the
six
months
ended
6/30/01,
interest
income
rose
11%
to
$1.43
billion.
Net
interest
income
after
loss
prov.
rose
34%
to
$168.1
million.
Net
income
before
accounting
change
rose
94%
to
$461
million.
Net
interest
income
reflects
higher
average
managed
loans
and
a
lower
cost
of
funds.
Net
income
also
reflects
higher
servicing
fees. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Shailesh Mehta, 51
Chairman,
Pres, CEO | $7.6M | -- | David Petrini, 40
Vice
Chairman | 1.6M | $2.2M | Ellen Richey, 52
Vice
Chairman, Gen. Counsel and Sec. | 1.8M | -- | James Rowe, 42
CFO,
Exec. VP | 628K | 1.7M | James Jones, 52
Pres,
International Bus. | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/pvn.gif)