Press Release
Citigroup Inc. (NYSE symbol: C)
November 23, 2005
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Citibank: Overdraft is Available to Companies Immediately Upon Account Opening
Applying for an overdraft from Citibank for small and medium-size companies has now been made even more simple than before. Today, clients may apply for a Welcome Overdraft credit line linked to their account immediately after their account has been opened with Citibank. Necessary documentation consists only of the latest tax return and statement of accounts kept with any bank for the last six months.
“Amongst the most popular and original Citibank products for small and medium-sized companies is our Loyalty Overdraft that is actively offered to clients with good financial results after six months of banking with us. As most firms need unsecured credit to finance their operations straightaway, we have decided to make overdrafts available to them as soon as they become our clients,“ said Ladislav Kročák, Business Manager of CitiBusiness.
The Welcome Overdraft is available in the range from Kc50,000 to Kc250,000. Currently, the interest rate is 10.9% p.a. Welcome Overdraft Approval Fee is CZK 3,500. After six months, clients may change over to the Loyalty Overdraft, with an advantageous interest rate of 9.9% p.a., available up to CZK 500,000.
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For more information please contact:
Markéta Dvořáčková Andrea Machálková
Public Affairs Officer Communications Executive
Tel: 233 061 041 Citibank a.s.
Mobil: +724356358 Tel.: 233 062 781,
e-mail: e-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: www.citibank.cz.
Citigroup (NYSE: C), the preeminent 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, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex. Additional information may be found at www.citigroup.com.
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