Press Release
Citigroup Inc. (NYSE: C)
12thJuly 2007
Vinohradská Street in Prague Will Get a Newly Repaired Sidewalk
The Vinohradská Street in Prague will get one of its sidewalks newly repaired. The money needed for repair works will be provided by Citibank on the occasion of opening up its new branch located on this busy avenue. “We not only want to offer our one-in-class financial services, but, we also seek to give financial support to people living in the neighborhood of every new place where we come to do our business. This project of repairing a sidewalk on Vinohradská Street has, out of a couple of other options, been chosen in a public poll by the very people who live in the Vinohrady neighborhood,“said Pavel Kusý, head of Citibank Marketing Communication.
Some five thousand people living in the Vinohrady district participated in a poll that was carried in June. They could either select one out of three projects earmarked beforehand or, they could suggest a project of their own, seeking some improvement to be made in their neighborhood. In the end, a majority of respondents tended to prefer the winning project. “Repair works at a portion of the sidewalk at the corner where Vinohradská St. meets Anny Letenské St. will, following an agreement reached with the Prague 2 Town Hall, begin before the year’s end and, the project will be financed in full by Citibank,“ Kusý added.
Citi’s new branch on 32 Vinohradská Street is the first one out of a total of five new places of business to be opened by Citibank in Prague this year. All of the new branches will, quite uniquely, stay open for business for 12 hours a day. “It’s another thing by which we try to reach out to our customers. We know that in the Capital people tend to work longhours and, so we want to make their coming to our bank as much convenient as possible for them,“ Kusý said.
Citibank has decided to enhance its branch network in Prague because of the City’s highest presence and concentration of the Bank’s potential retail banking customers to whom Citi, a member of the world’s largest financial services provider, can offer its one-in-class products and services. “Almost a half of Prague’s households have their net monthly income in excess of
CZK 30 thousand. Those people are going to impose higher and higher requirements as far as respective quality of banking services is concerned and, our aim at Citibank is to open up a door for them leading to banking services and products of the top-class level,“ added Kusý.
For more information please contact:
Markéta Dvořáčková Andrea Machálková
Public Affairs Officer Communications Executive
Tel: 233 061 041 Citibank a.s.
Mobil: +724 356 358 Tel.: 233 062 781
e-mail: -mail:
Note for editors:
Citibank a.s. has been present in the Czech republic since 1991. The Bank has rapidly gained its position of the market leader in corporate banking and, Citibank’s offering of products and services has been gradually enhanced to include also small and medium-sized companies. Citibank a.s. entered the retail banking business in January of 2001 and, a number of products and services are offered to Citibank clients ever since, such as personal accounts, credit cards, personal loans, investing into mutual funds as well as CitiGold, the private banking services. For additional information about Citibank a.s. please refer to the following web site:
Citibank a.s. received the esteemed awards in two categories upon the assessment of the MasterCard Best co-brand cards launched in 2006. Citibank placed first in the Best 2006 Novelty category for its MasterCard Citi ČSA credit card and, it also won the Best Co-branded Card from the Client’s Benefits Point of view category for its Shell MasterCard from Citibank a.s.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citi's trademark red arc include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at or
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