Innova Capital, the Polish private equity fund who in January took over the majority stake of the card processing center Provus and its subsidiary RomCard, appointed Utku Ogrendil to be the CEO of the group consisting of the two companies.

Utku Ogrendil, who was working for 11 years in the Romanian banking system, previously coordinated retail activities, cards and alternative channels of Credit Europe Bank, as VicePresident.

Provus and Romcard manage over 1,500 ATM terminals and more than 5,000 POS and process over 3.5 million cards as well as seven million cards enrolled in the e-commerce 3D-Secure system, for 23 banking and non-banking clients.

The group processes over four million credit card transactions each month.

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