Company Profile

About MBNA

MBNA Corporation was founded in the US in 1982, bringing innovation and change to the credit card industry. We grew from being a small regional credit card issuer to become the largest independent credit card lender in the world prior to our acquisition by the Bank of America Corporation in January 2006.

To get the right customers, we appealed to people with a strong common interest through a concept known as Affinity Marketing. Today our credit cards and related products are endorsed by more than 5,000 organisations, sports teams and financial institutions worldwide.

MBNA expanded into Europe, opening for business in October 1993. With a commitment to deliver higher standards and a drive to exceed your expectations, we have grown to become the largest credit card lender in the UK. We are proud to service over 7 million customers with over £12 billion outstanding balances from our headquarters in Chester.

We have established successful affinity card programmes and our credit cards are endorsed by almost 800 organisations as diverse as Alliance & Leicester, WWF, Liverpool Football Club, Virgin, Sony and bmi.

About Bank of America Corporation

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

The company provides unmatched convenience in the United States, serving more than 56 million consumer and small business relationships with more than 5,700 retail banking offices, through more than 17,000 ATMs and winning online banking with more than 22 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses.

The company serves clients in 175 countries and has relationships with 98% of the U.S. Fortune 500 companies and 80% of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.