Citibank Rt., a member of Citigroup, today opened a new branch in Pecs, further strengthening the bank's position in the Hungarian market. This is Citibank's 18th branch in Hungary which now has a presence in 14 major cities in the country.

Situated in 2 Jokai Mor square, the branch will service consumer and the small and medium enterprise (SME) corporate customers. The retail offering spans the Citibank range - personal investment loans, credit and debit cards, accounts and investment instruments, and SME products on offer include cash management, trade and leasing, treasury, investment products and short and long term credit facilities.

Zdenek Turek, Citibank Rt.'s Citigroup Country Officer, said, "Citibank Rt. is a market leader in diversified distribution channels on the local market with branches, sales centers, internet banking, telephone customer service and sales agents. Today's opening is an important milestone in implementing our distribution strategy that aims to expand our branch network to make it as convenient as possible for our customers all over the country to do business with us. We look forward to seeing our existing and welcoming new customers from across the south-west region of the country to the Pecs branch."

About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.

About Junior Achievement Hungary
Junior Achievement Hungary (JAM) is a licensed franchise of Junior Achievement International. The foundation has been running its programs in Hungary since 1992. Eleven separate programs targeted from kindergartens to high schools are currently being offered to 26,000 students in 86 cities and villages across Hungary. The mission of JAM is to provide students with the opportunity to learn about the business environment and free market economy through a dynamic partnership between businesses and schools. By attending these programs, students acquire knowledge and essential skills that will help them become educated consumers, more productive employees and more responsible members of the business community.