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Press Releases 2003


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Citibank Sold Hundreds of Credit Cards over the Internet

 December 14, 2003

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  • 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.

Citibank Donates Computers to Elementary School Devastated by Summer Floods

 September 1, 2003

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  • 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.

Citibank a.s. Generates Second Quarter Net Income of CZK 428 Million According to The Czech Local Accounting Standards

 August 22, 2003

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  • Citibank Prague, a member of Citigroup, said today that its second-quarter net income amounted to CZK 428 million, which represents a decrease of 4 % over the same period last year.

Citibank Supports Liberal Institute's Summer School for Future Managers

 August 18, 2003

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  • "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. Extends Mutual Fund Offer With ING Funds

 August 7, 2003

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  • 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.

CitiGold Wealth Management Program Launched in Czech Republic

 June 17, 2003

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  • 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.

Citibank a.s. Generates 1Q Net Income of CZK 365 Million According The Czech Local Accounting Standards

 June 10, 2003

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  • Citibank Prague, a member of Citigroup, today announced first quarter net income of CZK 365 million, which represents a 45 per cent growth on the first quarter of 2002.

Citibank Opens Up New Artistic Exhibition Space for the Public

 June 6, 2003

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  • 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. Extends Product Range Through Distribution of 60 Credit Suisse Asset Management Funds

 April 11, 2003

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  • 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.

Citibank Offers Special Interest Rates for Time Deposits in April

 April 7, 2003

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  • 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

First VISA Business Electron hits the market

 March 25, 2003

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  • New Visa card specifically tailored for small and medium businesses

Citibank a.s. Czech Republic Reports Strong Financial Results

 March 18, 2003

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  • 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.

Citigroup Names Michael Klein Head of GCIB in EMEA;
Jean-Paul Votron Named Head of EMEA Consumer;
New Management Structure Created for Businesses In Europe, Middle East and Africa

 March 6, 2003

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  • 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.

MONEY FOR LIVING or in other words "Will l stand on my head or on my own two feet?"

 February 26, 2003

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  • "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.

Personal Loans have been arousing great interest in the Czech Republic

 February 5, 2003

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  • 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.

Citibank - „Top rated!“

 January 14, 2003

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  • Citibank a.s. was the only bank in the Czech Republic to have received an award of the prestigious Global Custodian magazine in the agent survey of emerging markets for the year 2002.

Older press releases you can find in archives for years 2002

 

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