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Providian National Bank Sells $500 Million of Asset Backed Certificates

    SAN FRANCISCO, Dec. 18 /PRNewswire-FirstCall/ -- Providian Financial
Corporation (NYSE: PVN) today announced that Providian National Bank has
completed the sale of $500 million of three-year Series 2003-A floating rate
Class A asset backed certificates issued by the Providian Gateway Master
Trust.
    The Providian Gateway Master Trust certificates described above have not
been and will not be registered under the Securities Act of 1933 or any state
securities law and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.

    About Providian
    San Francisco-based Providian Financial is a leading provider of credit
cards to Middle America customers throughout the U.S. By combining experience,
analysis, technology and outstanding customer service, Providian seeks to
build long-lasting relationships with its customers by providing products and
services that meet their evolving financial needs.


SOURCE Providian Financial Corporation




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Related links:
  • http://www.providian.com
    CONTACT:
    Jack Carsky, Investor Relations,
    +1-415-278-4977, or Beth Haiken, Corporate Communications,
    +1-415-278-4889, both of Providian Financial Corporation