Citibank Kazakhstan Announces Web-based Transaction Banking For Corporate Clients
CitiDirect® Online Banking for Payments Now Available
28 May 2003, Kazakhstan - Citibank Kazakhstan, a unit of Citigroup, the premier global financial services company (NYSE:C), announced today that corporate clients can now perform banking transactions via CitiDirect® Online Banking, the award-winning Web-based corporate banking platform.
Using CitiDirect® Online Banking, corporate clients can initiate payments in numerous currencies, send foreign exchange and deposit requests and obtain account status and transaction reports in real time. CitiDirect® Online Banking was introduced in January 2001 in the Kazakhstani market with information services functionality only. "Deepening relationship with our corporate clients, who are comfortably using our Web-based banking service, is an important focus of our business. Our clients now have access to truly powerful account management tools to perform a full range of banking transactions," said Reza Ghaffari, Chairman of the Board at Citibank Kazakhstan.
Clients access the CitiDirect platform via a single secure sign-on; system upgrades download automatically and new functionality appears on a regular basis. "CitiDirect® Online Banking has become an integral component of our clients' business transactions worldwide. Now our clients in Kazakhstan have access to the same state-of-the-art transaction banking technology. CitiDirect brings a new level of banking experience to clients while maintaining the highest security standards so critical for the corporate sector," added Sajeev Viswanathan, Business Manager, Citigroup Global Transactions Services, CIS Cluster (Russia, Kazakhstan, Ukraine).
Named Best of the Web in the Financial Services category by Forbes.com in the fall of 2002, CitiDirect® Online Banking is currently available in 20 languages and has also been recognized by numerous trade journals throughout the world such as Global Finance, Treasury & Risk Management, FinanceAsia and Euromoney - including being named the Best Web Site for Cash Management Services by euromoney.com in 2002 for the second consecutive year.
CitiDirect® Online Banking is available to corporate clients in more than 90 countries. Based on advanced and secure Internet technologies, CitiDirect® Online Banking not only increases efficiency and improves the ability of corporate treasurers to make critical cash management decisions, but also provides access to the portfolio of corporate banking services provided by Citibank all over the world. To view an online demo and take a guided tour of CitiDirect® Online Banking's capabilities, please visit www.citidirect.com
About Citibank Kazakhstan
ZAO Citibank Kazakhstan, the largest foreign bank in Kazakhstan
with some 10 thousand corporate and individual client accounts,
provides an extensive range of financial products and services to
corporations, government agencies, other financial institutions,
and their executives and employees. Citibank Kazakhstan commenced
2003 with assets of KZT 54,532,129,000 and regulatory capital of
KZT 7,494,221,000, placing it in the 5th place among all Kazakhstani
banks. Additional information may be found at:
www.citibank.com/kazakhstan
About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company
with some 200 million customer accounts in more than 100 countries,
provides 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, and Travelers Life and Annuity.
Additional information may be found at:
www.citigroup.com.
