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Citigroup Inc. (NYSE: C)
April 15, 2008
Romania: CitiFinancial Upgrades for Growth with New Headquarters
Bucharest – CitiFinancial, the consumer finance division of Citibank Romania SA, has moved its headquarters into an A building, West Gate, located on Preciziei bd., no 24, Bucharest. The new office accommodates around 300 people and has 2,300 square meters.
"We are growing our business, and we are increasing our staff. The new location not only answers our present space needs, but also provides us with enough room for our medium and long-term development plan necessities. We look into expanding the rented space in the future, as our operations have a fast growth," says John Hays, Country Business Manager of CitiFinancial.
"By the end of this year, our entire team will increase by 28%, to 510," added Mr. Hays.
CitiFinancial was launched on the Romanian market in 2003, and has experienced aggressive development, especially in the last two years. In 2007, CitiFinancial's branch network grew by 56%, to 89 units. Now, the consumer finance division serves its clients through 39 branches and 650 direct sales agents located in 50 centers all over the country. Presently, CitiFinancial offers to individuals personal need loans with and without collateral.
CitiFinancial is part of Citibank Romania SA, which has been present in Romania since 1996. Citibank also has eight corporate banking branches, with headquarters in Piata Victoriei.
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Citi
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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.