Citi in the Czech Republic was named the “Best Consumer Internet Bank” and the “Best Corporate/Institutional Internet Bank in the 15th year of the Global Finance magazine’s competition called “World’s Best Internet Banks”. Citi leads the league table also in six other countries in Central and Eastern Europe (CEE), including the Czech Republic, Slovakia, Romania, Bulgaria, Ukraine and Russia.
Citibank and MALL.CZ have launched a marketing campaign in support of the Citi MALL.CZ credit card. Slated for the period from May 26 to June 30 2014, Citibank’s integrated campaign is using both online and offline media for communication.
Tereza Maxová’s Foundation for Children has long been committed to children and young people in children’s homes and foster families, and also to the prevention of cases where children are forcefully taken away from their biological families. The MADE BY project is the foundation’s next major feat, which has materialised thanks to support provided by Citi Foundation, the global umbrella foundation of the Citi financial group.
With effect from March 4, 2014, Citibank is issuing a new credit card in cooperation with MALL.CZ, one of the largest internet shopping gallery in the Czech Republic, thus expanding its credit card portfolio, which is currently the broadest on the Czech market.
The one-week spring breaks, the series of which have already started at Czech schools, will be used by 53% of Czech parents for taking a vacation from work. Most of those polled (83%) will spend their vacation in the Czech Republic. More than 60% of parents will go to the mountains, either in the Czech Republic or abroad, with their children in February or March. Warm weather and the sea attract a smaller number of families.
The popularity of comfortable travel coupled with visits to exclusive airport lounges before departure has recently been on a constant increase amongst Czechs. Citibank’s Citigold Lounge in the departure hall of Terminal 2 of the Václav Havel Airport in Prague registered a record 14,427 visits of the Citigold program clients last year.
Various benefit programs rewarding clients for their purchases have been popular and used for a long time, and not just in the Czech Republic. The Citi Club program which offers the holders of all Citi payment cards discounts of up to 25% at selected merchants all over the Czech Republic is celebrating its fifth anniversary today.
Citibank’s clients in the Czech Republic saved a total of CZK 180 million while shopping with Citi credit cards. They received their savings in the form of bonuses and rewards for their purchases paid using a Citi credit card.
Citi was actively involved in a broad range of projects in the fields of financial literacy, development of the non-profit sector, and charity activities pursued in cooperation with non-profit organizations in the Czech Republic last year.
Results of Citi annual mid-market survey in Central and Eastern Europe & the Middle East showed that regionally, approximately 58% of mid-market companies polled plan to expand their businesses internationally within this year.
Citi Foundation, the global foundation of Citi, and Tereza Maxová Foundation launched a pilot project aimed at improving financial literacy among mothers and women living in shelters in the Czech Republic this summer.
According to the latest survey carried out exclusively for Citibank Europe plc, which gauged Czechs' behavioral patterns related to investments and growing their money, most Czech investors consult their personal banker on suitable opportunities for investing their money (35.7%).
Czech Citibank has joined its affiliates in more than 100 countries around the world and created a Czech section of the Citi Alumni online network for Citibank's former employees in the Czech Republic.
Citibank Europe plc in the Czech Republic was named the "Best Consumer Internet Bank" and the "Best Corporate/Institutional Internet Bank in the Global Finance magazine's competition called "World's Best Internet Banks 2013".
Euromoney, the preeminent global financial markets magazine, recognised Citi as "Best Global Emerging Markets Bank" and "Best Global Emerging Markets Equity House" at its annual Awards for Excellence dinner last evening in London.
Citi employees, alumni, family and friends around the world reinforced the company's commitment to supporting and improving communities by turning out in force during Citi's eighth annual Global Community Day on June 22nd.
Citi Securities and Fund Services has entered in to a definitive agreement to acquire ING's custody and securities services business in seven Central and Eastern European ("CEE") markets currently representing €110 billion in assets under custody.
Starting in February 2013, Citibank Europe plc will also issue, automatically and free of charge, a contactless payment sticker with each new Citi Life, Citi Life Metropole, Citi Broker Consulting, Citi BILLA and Citi ČSA credit card.
The Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Company's Chief Executive Officer and as a member of the Board, effective immediately. The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board. Mr. Corbat previously served as Citigroup's CEO of Europe, Middle East and Africa.
The Citigold Lounge of Citibank Europe plc, which can be found in the departure hall of Prague-Ruzyně airport's Terminal 2, has registered as many as 15,800 visits of the Citigold program's clients since it was opened in 2010.
Citibank Europe plc has introduced Citi Global Banking, a new service utilising Citibank's wide international network of branches and facilitating more convenient banking between the Czech Republic and foreign countries easier for Citi clients.
Citibank Europe plc and nonprofit organization NESsT held Social Enterprise Competition to promote excellence in social enterprise development among local nonprofits. Amelie Association and Poradna pro Integraci Association became the winners of the competition in the Czech Republic.
Euromoney, the preeminent global financial markets magazine, recognised Citi as “Best Global Emerging Markets Investment Bank” and “Best Global Transaction Banking House” at its annual Awards for Excellence ceremony last evening in London.
The most successful young bankers from the Czech Republic met in Prague on 16th May to compete in national final round of the JA Banks in Action - global computer simulation competition organized yearly by the international non-profit youth organization Junior Achievement in cooperation with Citi Foundation.
As of 30 March, 2012 Citibank Europe plc offers its client a new service called Globeshopper enabling all holders of Citi payment cards issued in the Czech Republic to shop in more than 500 online stores in the UK and the USA.
On March 1st, Citibank Europe plc launched a new service package named CitiProfession Medical. The new package combines the advantages of professional and private accounts and is primarily designed for private doctors, dentists and vets.
Today Citibank launched the first contactless Shell MasterCard credit card that allows its holders to make contactless payments at all Shell stations and other retailers equipped with contactless technology.
Record number of 27 civil society organisations submitted their applications to the NESsT - Citi Social Enterprise Competition in the Czech Republic where social enterprises present their business ideas.
The second half of March will see the start of the third year of Erudia's subsidized training courses "Start Your Own Business!"
Raiffeisenbank and Citibank Europe plc organizační složka, came to an agreement on Citibank's portfolio of personal installment loans. Customers of the portfolio with the approximate value of 750 million CZK thus newly become Raiffeisenbank clients.
Fifteen managers from five non-profit organizations from the Czech Republic entered a new year in the Social Enterprise Academy Accelerator, an assistance programme of the VIA Foundation for the promotion of social enterprising among non-profit organizations.
CitiPůjčka is a new unsecured personal loan from Citibank Czech Republic that offers competitive rates, while providing customers with a simple and convenient way to apply. Customers can fulfill their dreams and wishes more quickly, without the trouble of paperwork and without leaving their home or office.
Taking part in the Global Community Day, Citibank mobilized 45,000 employees in more than 47 countries all over the world. Volunteers in the Czech Republic worked in communities and organizations all over the country for a total of 1,200 hours.
Citi also won a prestigious 'Best Corporate/Institutional Internet Bank' award and was awarded Best Information Security, Best Website Design, Best Trade Finance and Best Online Cash Management award categories.
With the new Citi ČSA MasterCard World credit card, customers can quickly earn their way to a bonus ticket just by spending on their card, with the chance to earn 20,000 bonus miles after the first transaction.
This card enables the average Czech driver who spends CZK 20,196 on vehicle fuel annually, to save over CZK 1,000. In addition, the cardholder can also enjoy a 0.5% discount on all other purchases whether in the Czech Republic and abroad.
Citi today announced the appointment of Shahmir Khaliq as the bank's Citi Country Officer for Czech Republic and Division Head of the newly formed Division comprised of Bulgaria, Czech Republic, Romania, and Slovakia.
Raiffeisenbank and Citibank Europe plc organizační složka, came to an agreement on Citibank's portfolio of personal installment loans. Customers of the portfolio with the approximate value of 750 million CZK thus newly become Raiffeisenbank clients.
Extraordinary benefits are available for active O2 Citi Classic credit card customers - not only do they benefit from discounted calls and services from Telefonica O2, but in March, they can also win a trip to Paris!
Czech customers now have a unique opportunity to save on their daily shopping! The new Citi Shopping card enables customers to receive up to CZK 1,000 back on their card every month from their regular shopping.
The civil association Network of Mother Centres in the Czech Republic honoured Citibank for support programs designed for parenting employees with Family Friendly Certificate. Programs are focused on strengthening family positioning in the society and pro-family policy support. The Certificate recognises companies that build cultures to support and enable the advancement of women in the workplace by adapting to their specific needs.
Citibank is launching a new unique online application, which enables people interested in getting a Citi credit card easily assess whether the bank will issue them a credit card and what the limit would be.
Citibank offers structured investment products with a fixed annual yield and 100% payback protection if held until maturity. The products are aimed at investors seeking an attractive fixed annual yield while minimizing certain risks of their investments.
During shopping events such as Marianne Days with Citibank as the main sponsor, not only Marianne readers can get exclusive discounts of up to 60% in selected brand stores (more than 2,200 stores around the Czech Republic will be participating in the event).
Prosperita, a charitable organisation supported by the Citi Foundation is preparing a series of subsidized educational courses entitled "Learn Business Management" to be held between October 2009 and March 2010. Participants of the course will be able to benefit from practical knowledge on financial management, small team management, small business marketing and customer communication.
Citibank is launching a new, optional insurance of credit cards called "Safety with your card" insurance. The insurance applies to the risk of credit card abuse after its theft or loss including Internet and PIN transactions as well as to forced cash withdrawals from ATMs using the credit card under threat of physical violence. The insurance cover also applies to theft or loss of identity documents, purses/wallets, keys, to theft of cell phones or abuse of SIM cards as long as these happens along with the theft or loss of the credit card.
Once again, Citi won the prestigious award "Best Bank for Cash Management" - The Banker magazine awarded the bank with this honor for the third time in a row. It is one of the prestigious awards that prove the unique position Citi holds among global financial institutions.
People plan to spend their higher income rather on bargains and goods in the sales When doing their Christmas shopping, the Czechs behave more rationally than two years ago. This is what this year's shopping behaviour survey has shown, conducted on an exclusive basis for the Czech branch of Citibank Europe plc. by STEM/MARK, when the new data was compared with that from the 2006 survey.
On Monday 29 September Citibank will open a new branch at Revoluční Street 6, Prague 1. It is continuing in the gradual expansion of its branch network so that it will become more accessible to its clients.
Citibank launches a new type of insurance available with its credit cards on the Czech market: Life and Income Protection that will help clients in case of a temporary reduction in their income. Its insurance services with Citi credit cards thus rank among one of the most comprehensive on the Czech market.
Citibank was again awarded for the top quality of its online banking CitiDirect. In an independent evaluation, the prestigious international magazine Global Finance again named the bank the Best Corporate/Institutional Internet Bank in the Czech Republic. For the whole Central and Eastern Europe region Global Finance awarded Citi with a total of 12 awards.
Citi Credit Cards, the main partner of the O2 Sázava Fest, are sponsoring the "Dancing Hall" - a dancing tent able to hold 3,500 people, and giving away hundreds of pre-paid cards topped up with CZK 500 to the tent visitors, with which their holders will be able to pay both at the music festival and, once the event is over, also in retail.
Today, the representatives of the Faculty of Economics and Administration, Masaryk University, and Citibank Europe plc, organizační složka, signed a strategic partnership agreement between the two institutions.
V Citibank Europe plc, organizační složka, has attained another major achievement by placing third in the MasterCard Corporate Bank of the Year 2008 contest. The ranking is based on voting of Chief Financial Officers (CFOs) of major corporations operating in the Czech Republic.
Reconstruction of the pavement in front of the Citibank branch at 32 Vinohradská Street has been completed. Last June, on the occasion of opening a new branch at this address, Citi asked the people living in the Prague neighborhood of Vinohrady to select one of the three projects on offer or to come up with a proposal of their own, and promised to finance the final choice.
Rizwan S.Qazi has been appointed Retail Banking Head for Citibank Europe plc in the Czech Republic. He will replace Bert Pijls, who is leaving for the United Kingdom to work in a similar position to the one he held on the Czech market - he will become the Country Business Manager of Citi Retail banking for the British market.
Starting on February 25, Citi credit card holders have a chance to win tickets for the UEFA EURO 2008™ opening football match for two persons including accommodation, and also tickets for individual matches, as well as the official Adidas EURO 2008 footballs.
Citibank, as the first banking house, has reacted to yesterday's interest rates hike made by CNB. With effect as of Tuesday, September 4, 2007, the interest yield on its saving accounts is raised from 2% to 2.5% per annum.
In the morning on Friday, July 13, some sixty bankers from Citibank, the world's largest financial services provider, are going to change their usual office clothes for something quite different as they are to take up cleaning gear instead, in the effort to give a thorough cleaning to riverbanks of the Drevnice and the Januštice, two rivers that flow through the town of Zlín.
Citibank a.s. continues to offer attractive loans to selected professions. Following the loan for physicians, public notaries and lawyers, this time the bank has focused on teachers. Through the launch of its loan for teachers, enhanced by Citibank has been its current specter of products and services designed for selected professions.
Jiří Báča (33) has become a new member of Citibank's four-member Board of Directors. Jiří Báča joined Citibank a.s. in 2005 to assume the position of Distribution and Sales Director which function he holds to the present day.
During the last several months since the product was launched in May this year, Citibank has seen significant growth in the number of clients who, in addition to buying other services linked to Citibank credit cards, have also obtained insurance against the risk of hospitalization.
From December 1st, 2006, Citibank a.s. launches a unique new programme called "Privilege Guide - a guide for the most demanding ", for Citibank Gold credit card holders, who can take advantage of very attractive discounts, ranging from 5% - 20%, that will be offered to them at selected shops from across the CR. Offers include high fashion brands, exclusive consumer goods and products and services in area such gastronomy, luxury accommodation, entertainment or lifestyle.
Strongly denied by Citibank is an article published in today's print media with respect to Citibank clients having allegedly been attacked by fraudulent e-mail messages. Citibank is not being attacked by fraudulent e-mails so this information is strongly denied by Citibank, which is seeking to have a correction published by the newspaper.
Citibank is enriching the Czech financial market's pre-Christmas offers. From today until the Christmas Holidays, preferential terms are available from Citibank for appreciation of one's funds in a linked term deposit within the Bank's unique product - CitiBest.
From November 6, 2006, a unique loan offer for physicians is available from Citibank a.s. This loan can be used by physicians for whatever purpose they wish - from financing their newly set up medical practice offices to using it for covering their private financial needs. Due to genuine advantageousness of this new offering, Citibank has made yet another step towards creating strong business partnership with medical practitioners. Through making available this new loan for physicians, Citibank has further enhanced its current range of products and services for selected professions such as public notaries, lawyers or physicians from selected fields of specialization (neurologists, cardiologists, dental surgeons, gynecologists or ophthalmologists).
Prague - Citibank is one of the first banks to react positively to the rise in interest rates made by CNB at the end of September with an increase in its rates on savings accounts by 0.65 basis points to 1.9% p.a. from the beginning of October. "This offer is targeted to those clients who wish to have their money available to them at all times and, at the same time, want to get interest rates higher than those offered by classic current accounts or term deposits. Unlike other savings accounts in the market, the Citibank savings account is not subject to any notice period and money can be withdrawn at any time," said Petr Kursa, Deposit Products Manager.
Citibank is offering consumers the opportunity to invest in selected global stocks and a chance to earn attractive yield while minimizing the risk of loss of the invested principle with the new ALL STARS structured note, which offers 100% capital protection at maturity, maximum three-year tenor and the opportunity of early redemption (autocall option) at the end of year one and two after the product's issue date. The minimum investment is CZK 30,000 and subscriptions can be made until October 23, 2006.
From early September, Citibank has enhanced its credit card insurance policy to include Fraud Insurance. It is an insurance policy that protects the holders of Citibank credit cards against consequences of unauthorized transactions upon the card's loss or theft, inclusive of the indemnification for personal ID documents and keys stolen or lost together with the card.
It certainly must have been a shopping trip beyond all expectations when Mrs. Zuzana paid in May for her purchases made at one shopping mall by her Citibank credit card. By mere dint of doing so, she will now be flown to visit New York City!
Citibank a.s. and Czech Airlines will offer their joint credit card from the beginning of July. The new product will combine all the advantages of Citibank credit cards, including a high level of security, with membership of the OK Plus frequent flyer programme as every card holder will automatically become a member of this programme. Whenever cardholders use their card for everyday purchases, fly with Czech Airlines or other SkyTeam alliance carriers, or use the services of other non-airline partners of OK Plus, they will collect miles. Miles can then obtain bonus air tickets for destinations throughout the world and many other above-standard benefits that make travelling more pleasant anywhere in the world.
Citibank a.s. this week opened a specialized centre in Brno aimed at serving serve small and mid-sized companies (SME) and corporations. The new centre, located at the Spielberk Business Centre on Holandska Street No. 3, thus becomes Citibank's second representation office situated in the South Moravian region's metropolis.
Citibank a.s. is offering investors access to the stock markets of Central Europe through its new "Region Structured Bond, which combines 100% capital protection at maturity to protect invested funds against a bear market while at the same time offering the chance to participate in the anticipated growth in value of these stock markets.
In connection with the upcoming deadline by which income tax returns must be lodged, Citibank, in conjunction with GfK Praha, has carried out a survey among small and mid-sized firms focused on the payment of taxes. Results clearly demonstrate that approximately one third of SMEs - those companies that employ 20 and more employees - usually pay the tax in June while almost two thirds of small and mid-sized firms pay tax as early as March. As an overwhelming majority of SME firms finance payment of tax from working capital, a number of companies or trades people would consider the option to take a loan to cover tax payment.
Citibank a.s. has this week enhanced its services linked to credit cards with a brand new insurance policy that covers the risk of the cardholder's hospitalization. The insurance policy is optional and helps cardholders to maintain their current living standards in the event of injury or sickness. The insured sum may reach up to CZK 2,000 for each day of hospitalization and the claim money out paid under the insurance policy may be used for any purpose.
Prague - Consumers now have the option to apply for a loan from the comfort of their own home, without the need to make a personal visit to the branch, thanks to a new loan application process introduced into the Czech market by Citibank.
Prague - The Board of Directors of Citibank a.s. has approved the accession of Citibank a.s. to the Code of Conduct on Relations Between Banks and Clients. Thus, Citibank has become one of other financial institutions that will guarantee to their clients its adherence to any and all provisions contained therein.
Prague - The Board of Directors of Citibank a.s. elected yesterday (that is, on April 3) as its Chairman Mr. Javed Kureishi, who, since July of 2005, has been holding a post of Citibank a.s.' Managing Director and, at the same time, Business Head of Citibank Corporate and Investment Banking Division in the Czech Republic.
Citibank a.s. and AEGON Pojišťovna a.s. have teamed up to co-operate in distribution of credit cards and life insurance products to their customers. From February 1, 2006, Citibank began to offer at its branches a new product - Citibank Plan for Life, prepared in conjunction with AEGON Pojišťovna. Meanwhile, AEGON Pojišťovna is offering Citibank credit cards through its distribution network. This agreement is mainly based on close proximity between both companies' target client groups and is aimed to facilitate clients' easy access a complete range of financial products at a single place.
Today, Citibank a.s. has been contacted by a number of clients of Czech banks after they have received fraudulent e-mails asking for disclosure of sensitive personal data for bank accounts or payment cards.
Clients of Citibank a.s. ranking from mid-sized businesses will significantly save upon making Euro payments. As, beginning by February 1, 2006, for the same advantaged fee, they can transfer amounts that are sizeably higher.
St. Valentine's Day is gradually becoming established in the Czech Republic, with some 36% of the nation's population celebrating the day according to research carried for Citibank a.s. by Factum Invenio, s.r.o. research company.
Citibank credit card holders no longer need to watch their repayment dates thanks to a new direct debit service offered by Citibank to set up and automatically make the monthly card repayments on their behalf. At the same time, the bank is enhancing its credit card insurance cover at no extra cost to cardholders.
Beginning by this week, a new services offering has been prepared by Citibank a.s. for clients from the professions. It includes advantageous terms for account maintenance and banking transactions for professions such as, for example, notaries, lawyers or physicians from selected fields of specialization (neurologists, cardiologists, dentists, gynecologists or ophthalmologists). A part of the offering is the maintenance of business and personal accounts through the same personal banker, which will make communication with the bank significantly easier for the client and will make management of his or her financial needs more efficient. Every applicant interested in the product will, in addition, automatically become a client of CitiGold Wealth Management, which is a service designed by Citibank for its top-class private clientele.
Mortgage loans without proof of income are now available from Citibank. This new service is offered as a variation of a standard mortgage loan that can be used for the purchase, building or renovation of a family or an apartment house and/or a flat.
Applying for an overdraft from Citibank for small and medium-size companies has now been made even more simple than before. Today, clients may apply for a Welcome Overdraft credit line linked to their account immediately after their account has been opened with Citibank. Necessary documentation consists only of the latest tax return and statement of accounts kept with any bank for the last six months.
New York - Citigroup today announced that the company and its employees will donate up to US$3 million to assist the humanitarian aid effort following the earthquake disaster affecting South Asia. In addition to a US$1 million immediate commitment, the Citigroup Foundation will match any eligible donation made by a Citigroup employee dollar for dollar to support relief efforts up to US$1 million for a potential total of US$3 million. The foundation will work with a number of relief organizations, including the Red Crescent and the Red Cross societies, in order to ensure that this aid goes where it is needed most in providing immediate relief and support with rebuilding.
Prague, September 14 - From the beginning of this week, Citibank has further enhanced its products offering by the inclusion of mortgage loans that are available in cooperation with Hypotecni banka a.s. This new product is called Citibank Mortgage Loan; it is designed only for clients-individuals and it may either have the form of a classic (real estate) mortgage or that of a so called an American (purpose-specified) mortgage.
Citibank a.s. is to offer individuals a new investment opportunity via purchase of selected bonds denominated in EUR or USD. Due to the large minimum investment required upon primary subscriptions or purchases on the market, bonds are primarily available to institutional investors only.
Prague - Citibank a.s. today announced that it has won Global Finance magazine's 2005 Award for "Best Consumer and Corporate and Institutional Internet Bank in Czech Republic for 2005"* Citigroup has won this prestigious award besides of Czech republic in 39 countries around the world including China, Egypt, Finland, Ireland, Israel, Italy, Hungary, Mexico/Banamex, Netherlands, Romania, Russia, Slovakia, South Africa, Spain, Switzerland.
Prague - Another cost-saving campaign has been prepared by Citibank a.s. for customers applying for Citibank products. Clients who take out a Citibank Personal Loan before August 31, 2005, will not have to pay the credit account maintenance fee. In addition, the loan application process has been simplified. From now on, each application will only have to be supported by two documents: a statement of income and personal ID card.
Citibank a.s. is offering clients the opportunity to obtain a credit card free of charge for life if s/he makes purchases of at least Kc36,000 a year. This limit applies to the total spent on the core and supplementary cards. If the cardholder fails to meet the said condition, s/he will be charged an annual fee of Kc500 only instead of current Kc1,000.
On June 1, Citibank a.s. will open a new branch in Liberec, which will house the bank's first dedicated center for SME clients. The new center offers SME customers dedicated business advisers, products and services in a bespoke area of the branch, helping them do their banking more conveniently, to help them spend more time with their own customers. Clients will find the branch right in downtown Liberec, at the well-known and accessible Syner Palace.
Beginning by April 1, Citibank has cancelled the early repayment fee on its Personal Installment Loan. Canceling the fee is in line with Citibank's strategy to continuously increase the quality of products and services for customers.
Citibank a.s., a member of Citigroup, has been appointed the exclusive provider of banking services to Pivovary Staropramen a.s. Citigroup won a tender in which a total of 13 financial institutions competed for the role.
Beginning by Monday, April 4, Citibank has cut the amount of minimum account balance required for fee-free maintenance of) and other services associated with CitiOne personal account. As yet, the said fee-free account maintenance was only available to clients who had deposits with Citibank of at least CZK 200,000, regardless of the deposit's form and currency. As of now, the maintenance of CitiOne account is free of charge with aggregate balances starting at as low as CZK 100,000.
Effective from March 1st Bert Pijls was appointed as the head of Czech Consumer Banking Division (Citibank a.s. - Global Consumer Bank). In this role, Bert will manage all Consumer Banking activities in the Czech Republic including Retail, Cards, CitiBusiness, Wealth Management and Personal Loans.
New York, New York - Citigroup (NYSE: C) and its employees have contributed $7.4 million to provide relief and reconstruction in the aftermath of the South Asia tsunami disaster, the global financial services company announced today. Citigroup expects the total will grow as the Foundation continues to match employee contributions to tsunami relief efforts.
From January 2005, Citibank is enhancing Citibank Credit Cards by offering clients the ability to transfer cash funds from their credit card to any bank account they choose. The money will be sent straightaway to the client's chosen bank account at a preferential rate of interest and without charges. So from now on, it will not only be possible to pay through your credit card at shops but, also, to obtain cash funds to make purchases at a lower rate than making a cash withdrawal from an ATM using a credit card.
The Citigroup Foundation announced that it will provide USD$3 million in support of disaster relief efforts following the earthquake that devastated coastal areas around South Asia on December 26th, triggering a series of tsunami waves causing massive loss of life, damage, and flooding throughout the region.
Small and mid-sized companies opening their CitiBusiness account with Citibank before January 31, 2005 can save up to Kc15,000. Citibank will waive fees charged for selected package of services up to this amount.
Citibank a.s. has reinforced its commitment to retail banking in the Czech Republic by outlining its strategy for consumer banking, loans, SMEs and plans to increase its market share in the Czech Wealth Management and credit cards markets. . .
Valid as of today, i.e. June 21, Citibank cuts its minimum interest rate on consumer loan by 1.2 percentage point. Citibank Personal Loan can thus be taken from as low as 7.7% p.a. (APRE 9.04%), which currently stands for the lowest rate available on the market.
Citibank a.s. has just brought up to the market its new CitiOne Personal Account. It is an attractive combination of the current account with the savings account, as there is no period of notice tied to the savings account (that, in addition, is bearing preferential interest) and, the saved up money is thus unceasingly available to the client, who, if need be, may withdraw the money without sanctions at any time.
Citibank a.s. is the first ever bank in the Czech republic to launch a new type of savings account, called the CITIBANK MARKET LINKED DEPOSIT, which will give consumers a higher rate of interest on their money than ordinary deposit accounts.
Citibank a.s., a member of Citigroup, has prepared for the first quarter-year of 2004 yet more attractive offering for clients who wish to apply for credit cards. The annual card maintenance fee has been reduced by 25%, and, each client may receive refund of another 25 percent if, during the initial 3-month period of the use of Citibank Credit Card s/he makes card-made purchases worth of at least Kc3,000. Until March 31, 2004, Citibank Credits Cards may thus be obtained practically for a half of its regular price.
Prague, In the pre-Christmas period, Citibank a.s. offered its customers to apply for credit cards and Citibank personal loans over the Internet. Following the launch of the new Internet banking program - Citibank Online, this is another innovation connected with use of the Internet. The new service enables to apply for these products directly, using one's PC. After the applicant fills in the basic data, his or her application will be pre-approved. A personal banker contacts the applicant within a short time then to complete the approving process together with him or her. The applicant for the card or the loan need not visit the bank branch at all, nor does he or she have to open an account with Citibank. As far as the loan is concerned, most customers receive the money within five days of delivering the required documentation, while the waiting period for the credit card is approximately one week. Furthermore, customer may newly manage his or her credit card also through the Internet. Citibank is the only bank to offer the possibility of changing one's credit card PIN over the Internet.
Planá nad Lužnicí Elementary School, one of the schools heavily damaged by last year's summer flood, will start the 2003/2004 school year with 22 new computers which have been donated by Citibank a.s, a member of Citigroup.
"Financial economics for future managers and their teachers" is this year's theme of sixth annual summer school seminar to be held by the Liberal Institute on August 23-29, 2003 at the Loucen Mansion near Nymburk.
Citibank a.s., a member of Citigroup, today announced that the bank has extended its mutual fund range by offering 20 ING funds. Investors can put their money into funds which invest in world markets or funds which invest in Czech koruna. The bank now offers investors a range of more than 160 funds to choose from.
As part of the CitiGold affluent banking service offered by Citibank a.s., a member of Citigroup, the bank today launches its CitiGold Wealth Management Program which offers clients the full range of financial products and services to meet their financial needs.
An exhibition of paintings by the Czech artist Boris Jirků has been opened at Citibank's Rytířská Street 24 Branch in Prague. Titled the Taste Of Colors, displayed at the exhibition are 16 of the artist's paintings coming from recent years that were never shown publicly before. The exhibition closes on July 30, 2003.
Citibank a.s., a member of Citigroup, today announced an extension to its product range after reaching an agreement with Credit Suisse Asset Management (CSAM) to distribute 60 bond, equity and balanced funds. The bank now offers investors a range of more than 135 funds to choose from.
To celebrate its second anniversary of retail banking in the Czech Republic, Citibank is offering special rates on time deposits. Current and new customers, who put new funds into their Citibank accounts in April, can enjoy rates ranging from 2 % p.a. to 2.2 % p.a
Citibank a.s., a member of Citigroup, today announced preliminary financial results for 2002 which were 45 per cent above the previous year. Total assets of the bank in Czech grew 11 per cent.
Net income was CZK 737.9 million compared to CZK 1,117.4 million in 2001 but the 2001 figure included a one-off amount received after converting the bank's share capital from USD to CZK currency. The profit of CZK 1,058,680 per employee ranks Citibank among the leading financial institutions in the local banking market and one of the best performing banks.
NEW YORK, March 6, 2003 - Citigroup (NYSE: C) today announced that it has created a new business region consisting of Europe, the Middle East, and Africa (EMEA), and accordingly has appointed Chief Executive Officers to run its Corporate and Consumer businesses in the region.
"On one's own two feet" is the name of a new educational project designed for children in children's homes, which came about out of the co-operation between Citibank a.s. and the Centre for Family Foster Care. The project will be implemented at five selected children's homes in the form of a year-long game divided into stages, which simulates everyday situations in life, which children from children's homes do not have the opportunity to become familiar with.
The requests for loans exceeding CZK 200,000, so called "Big Loans", have doubled in the last quarter of 2002 in Citibank a.s. in the Czech Republic. This information was released today by the Retail Division (Personal banking) Citibank a.s. in the Czech Republic with regard to the evaluation of its product Citibank Personal Loan.
Prague, December 11 - It is the first time ever that the National Gallery in Prague has a general partner for the year 2003. Citibank a.s. has decided to link its name with this prestigious gallery. This is part of the National Gallery's efforts not to be fully dependent on the government subsidies, but to seek funds to cover its operating costs in the private sector as well. The method of multiple financing sources has been used by leading galleries abroad, whereby different partners and sponsors assist the gallery on different levels, together with donations of individuals.
From the end of October the metropolis of Northern Moravia is to have a new Citibank branch that will replace the former one located on the outskirts of the city. This new modern facility will allow us to cater even more effectively to the needs of our clients in the region.
On Tuesday, October 15, 7:00 p.m. in the Lichtenstein Palace on the Malostranske Square in Prague a fund-raising piano concert in support of flooded music schools will be held. The concert is organised by the American Chamber of Commerce in Czech Republic and Citibank a.s. that will cover all the costs accrued in relation to the concert's organisation. New musical instruments will be bought for the proceeds from tickets.
In response to the devastating floods the international financial institution Citigroup and its subsidiary in Czech Republic Citibank, a.s. have decided to coordinate and provide assistance to the flood victims. In this regard the bank is going to take the following actions
A change occurs in Citibank top management. Since July, the leader of the division of banking for small and medium sized companies will be an American Howard Gaunt. As a director of CitiBusiness program he'll replace his forerunner Sergiusz Najar who is heading to Poland.
Citibank a.s. generated net profit of CZK 1.117 billion in 2001, according to audited results, during the bank's 10th anniversary in the Czech Republic. The results were achieved because of the highly efficient performance in the corporate and consumer banking divisions. The financial results were also influenced by conversion of share capital from USD to CZK currency.
New York, NY, January 17, 2002 - Citigroup Inc. (NYSE:C) today reported core income for the fourth quarter ended December 31, 2001, of $3.86 billion, increasing 16% over the fourth quarter of 2000. Core income per share, diluted, increased 14%, to $0.74. Results include $228 million pre-tax impact relating to Enron, and $470 million pre-tax impact due to the turmoil in Argentina. For the full year, Citigroup's core income increased 3% over the prior year, while core income per share, diluted, was $2.81. Net income for the fourth quarter was $3.88 billion, and for the full year, was $14.13 billion.