Citigroup Hosts Global Payments and Trade Conference for Financial Institutions Across Africa
Johannesburg, South Africa,
June 17, 2004 – More than 60 bankers from across
Africa attended Citigroup’s Global Payments and Trade Conference
recently held in Johannesburg. Participants included representatives
from commercial banks in Cameroon, Ethiopia, Kenya, Ghana, Malawi,
Mali, Mauritius, Nigeria, South Africa, Uganda, and Zambia.
Delegates were updated on Citigroup's comprehensive suite of trade,
payment, and investment products including WorldLink Multicurrency
Transaction Services, Continuous Linked Services (CLS), and the
current global trends in Trade Services.
Rajesh Mehta, Sub-Saharan Africa Regional Head of Citigroup Global
Transaction Services, said: "The purpose of the conference
was to update our Financial Institutions customers throughout Africa
about the latest trends in the global payments and trade finance/services
industry and Citigroup’s product suite in this space in order
for them to serve their end customers better and manage their business
operations more efficiently. We are very glad of the opportunity
to host the event, which we believe has added value to our clients
and their customers and the region."
P.V.C. Mweene from Zambia National Commercial Bank Plc, a conference
delegate, said: "The Special Due Diligence Program was valuable
and timely especially in the current environment of combating money-laundering
activities worldwide. The product presentations particularly about
WorldLink, Forex Payments, and the WorldLink Multi-Currency Transaction
Services were quite commendable and demonstrate Citigroup’s
commitment to updating its customers with the latest developments."
Citigroup has the largest proprietary network in the world, spanning
over 100 countries, and constantly provides innovative solutions
and services to address the requirements of top Financial Institutions
in Sub-Saharan Africa.
About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company
with some 200 million customer accounts in approximately 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.
About Citigroup Global Transaction Services
Citigroup® Global Transaction Services is a leading provider
of integrated cash management, trade and securities services for
corporations, financial institutions, intermediaries and governments
around the world. With over $115 billion in average liability balances,
more than $ 6.7 trillion in assets under custody and the largest
proprietary branch network, Citigroup's award-winning operating
systems and Internet-based delivery channels enable clients to manage
and monitor working capital and investments more efficiently, streamline
transaction processing cycles, and re-engineer receivables and payment
processes. Citigroup® Global Transaction Services provides clients
with access to Citigroup's full range of capabilities and solutions
along with an on-the-ground presence and in-depth knowledge of more
than 90 local markets. For additional information, see www.transactionservices.citigroup.com
