Citibank Zrt. Hungary, a member of Citigroup, today announced
that is has introduced two new loan facilities for its CitiBusiness
clients. Small businesses opening an account with Citibank Zrt.
can now easily apply for a Welcome Credit Line and it takes only
two working days after receiving the required complete documentation
to make this facility available to the firms, subject to the credit
assessment. The Loyalty Loan is offered to existing clients with
active transaction history after one year of banking with Citibank
Zrt.
Batara Sianturi, consumer Country Business Manager for Citibank
Zrt. said: "As most firms need unsecured credit upon opening
an account with us to finance their operations, we have decided
to make immediate credit lines available to them as soon as they
become our clients. Also, we wanted to reward our existing clients
who do a lot of business with us with an opportunity to an easy
and quick financing facility, therefore we introduced the Loyalty
Loan with a higher ticket size."
"These are only the first steps in building our relationship
with the small businesses, as we have a wide variety of credit facilities
to offer to this business segment, including cash collateral, working
capital and investment loans. We have redesigned our telephone customer
service to allow our clients to manage their banking relationship
with us in a more efficient way."- added Mr. Sianturi.
The Welcome Credit Line can be up to three percent of the annual
net sales of the firm and is available in the range from HUF 600,000
to HUF 3 million. After one year, clients may change over to the
Loyalty Loan, which can be up to six percent of the annual net sales
of the business, maximum HUF 6 million.
Media Contact:
Eva Hencz, Vice President, Public Affairs Officer, Citibank Zrt.
Tel: +36 1 374-5307, Mobile: +36 30 250-7473, Fax: +36 1 374-5378
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