The first years after the collapse of the Soviet Union were marked by the emergence of a huge number of different banking organizations. One of these was Citibank Closed Joint-Stock Company, the reviews of specialists about which they predict a successful future for him. This financial institution was formed as a subsidiary of the American financial group Citygroup. Today, this bank holds a leading position among the largest such organizations of the Russian Federation, based entirely on foreign capital.
Citibank, whose branches can be found throughout Russia, represents a truly unique branch network. This financial institution has more than 50 representative offices and about 600 ATMs; it is mainly engaged in the issuance of consumer loans and plastic cards to the population of the Russian Federation.
Citibank, reviews of which can be easily found in print and heard from friends, is engaged not only in lending to the population, but also:
- accepting deposits;
- customer account service;
- operations in various securities markets;
- issuing salary cards.
The client base that this financial institution boasts today has more than one million private individuals and each reporting period is marked by an increase in this figure.
In all cities, Citibank employees (Moscow is no exception) place emphasis on their work with private clients for whom a wide range of banking services has been developed and provided. The employees of the company are especially proud of the specially developed consumer lending program, which is not only the most popular, but also the most profitable organization. Citibank, reviews of which can be found both positive and negative, provides a loan in just one day and does not require a huge package of documents, a guarantee or a collateral object.
Another type of popular consumer lending is the design of
plastic cards. With this simple tool, company customers can always get extra cash. The grace period for plastic is 50 calendar days from the last reporting period. This means that if the last report was on the 1st day, then even if the loan was taken on the 20th, the borrower needs to return the money before the 20th of the next month, otherwise interest will start to increase on his loan. The rate on such loans is determined individually for each, but usually amounts to about 40% per annum.
In addition to lending, Citibank, whose reviews call it the most stable financial institution in Russia, offers its customers capital investment services. In addition, it provides the opportunity to place the accumulations of individuals in securities with a fixed income. It is also worth noting the program for placing deposits in international mutual funds.
Clients of this organization are provided with all the main types of insurance from leading companies, discounts by bank transfer in a huge number of stores in the country and much more.