For Immediate Release
Citigroup Inc. (NYSE symbol: C)
February 8, 2007
Citibank Opens Three CitiFinancial Branches In One Day
Expands its Service Coverage to Jordon, Kwai Fong & Yuen Long
Offers Complete Range of Loan Products Including Mortgage
(Hong Kong) Citibank today announced the grand opening of three CitiFinancial branches in one day,
bringing its total branch network to 19. The opening of the three new CitiFinancial branches in Jordon, Kwai
Fong and Yuen Long signifies CitiFinancial’s commitment to build its presence in all municipals in the
territory and offer convenient services to customers across all segments.
Mr. Simon Chow, Director of Consumer Finance, Citibank Global Consumer Group, said, “The loan market
in Hong Kong continues to grow at a steady pace. In 2006, the outstanding balance of the whole loan
market increased by 17%, in which personal loan recorded a 24% increase. We outperformed the market
and our total loan portfolio increased by 160% last year. As the economy grows, people become more
confident about their financial status, and many are more willing to take on a loan to meet some of their
personal goals. We therefore are optimistic about the loan market in the coming years."
Riding on the success and expertise of CitiFinancial’s personal loan services, and realizing the potential of
the mortgage market, starting this year, all CitiFinancial branches will now offer a full range of competitive
mortgage products to consumers. With CitiFinancial’s proprietary loan analytical tool – CitiFinancial Credit
Planner – customers with any need for a loan, may it be personal loan or mortgage, will be able to find a
suitable solution right at the branch.
Mr. Chow continued, “CitiFinancial has built its reputation in the market as a loan expert with its in-depth
understanding of today’s customer needs and comprehensive knowledge of the loan market in Hong Kong.
By expanding our product portfolio to offer mortgage products at all 19 CitiFinancial branches, we are now
fully equipped to take care of all the borrowing needs of consumers.”
The three newly opened branches, furnished with CitiFinancial’s brand new core design, are conveniently
1. Shop A, G/F, Dao Hing Building, 32-34 Jordon Road, Kowloon
2. Shop 39-42, G/F, Ho Chuck Centre, 2-10 Kwai Yi Road, Kwai Chung, New Territories
3. G/F, 203 Castle Peak Road, Yuen Long, New Territories
Other CitiFinancial Branches are conveniently located in prime locations in Hong Kong, including: Central,
Causeway Bay, Wanchai, Sai Wan Ho, Aberdeen, Tsim Sha Tsui, Hung Hom, Mong Kok, Sham Shui Po,
Kwun Tong, San Po Kong, Tsuen Wan, Shatin, Tai Po, Sheung Shui and Tuen Mun.
For more information about CitiFinancial, please visit the website: www.citifinancial.com.hk .
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, Citigroup Global Markets Limited, Banamex, and Travelers Life and Annuity.
Additional information may be found at www.citigroup.com