BENEFICIAL NATIONAL BANK USA REACHES $1.6 BILLION MARK.WILMINGTON, Delaware--(BUSINESS WIRE)--Jan. 12, 1995-- Beneficial National Bank USA, the private-label credit card bank subsidiary of Beneficial Corporation, reached $1.6 billion in receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed in 1994, just four short years after opening to serve merchants nationwide. "Such solid growth is an indication that the retail industry prefers the flexibility and hands-on customer service offered by Beneficial National Bank USA," said Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. N. Longfield, president of the bank. "We constantly improve our services to help our merchants increase sales and profitability. "It is no wonder Beneficial National Bank USA has been named one of the fastest growing private-label banks in the country by American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. , the banking industry's trade journal," said Longfield. Beneficial National Bank USA received its charter in 1990 and provides financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to the customers of national and regional retailers of such items as appliances, furniture, home improvement products, clothing and home electronics. "Our retailers know that a customized credit card and marketing program generate sales and customer loyalty," said Richard C. Klesse, senior vice president - Marketing for BNB BNB Bed 'n Breakfast BNB Banco do Nordeste do Brasil (Brazil) BNB Banque Nationale de Belgique BNB Bulgarian National Bank BNB British National Bibliography BNB Bad News Bears (movie) USA. He added that the BNB USA program InfoFlash further enhances retailer programs. "We are the only credit card bank in the nation to offer InfoFlash, which uses a proprietary database to help our retailers develop highly targeted marketing programs, cutting expenses, improving sales, and increasing profitability in the highly competitive retail industry," said Klesse. Beneficial National Bank USA is a subsidiary of Beneficial Corporation of Wilmington, Del., a $14 billion, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange-listed financial services holding company. Subsidiaries of the Company provide financial services through their various consumer-finance, banking and insurance operations located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the United Kingdom and Germany. The Beneficial finance system includes more than 1,000 offices offering products and services that meet a broad range of consumer credit needs, including credit-related insurance. CONTACT: Beneficial Corp.
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