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Providian Financial Corporation Declares Quarterly Dividend

    SAN FRANCISCO, Aug. 8 /PRNewswire/ -- Providian Financial Corporation
(NYSE: PVN) today declared a quarterly cash dividend on its common stock of
$0.03 per share.  The dividend will be payable on September 17, 2001 to
shareholders of record at the close of business on September 3, 2001.  This is
the 17th consecutive quarterly dividend declared since Providian Financial
became a public company in 1997.

    About Providian Financial
    Winner of the 2001 Rochester Institute of Technology/USA Today Quality Cup
for excellence in customer service, San Francisco-based Providian Financial is
a leading provider of lending and deposit products to customers throughout the
U.S., and offers credit cards and deposit products in the UK and in Argentina.
Providian Financial has been named one of America's Most Admired Companies in
a survey by Fortune magazine, one of the nation's top financial institutions
by U.S. Banker magazine, and one of the most technologically innovative
companies in the U.S. by InformationWeek magazine. The Company has more than
$36 billion in assets under management and almost 18 million customer
accounts.
    For more information - Investors, please contact Nancy Murphy at
+1-415-278-4483.
    Media, please contact Alan Elias at +1-415-278-4844.
    Note:  Investor information is available on Providian Financial's Web site
at http://www.providian.com.


SOURCE Providian Financial Corporation




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Related links:
  • http://www.providian.com
    CONTACT:
    investors, Nancy Murphy, +1-415-278-4483; or
    media, Alan Elias, +1-415-278-4844, both of Providian Financial
    Corporation