Citi Continues Focus on Microfinance: 10th Annual Citizenship Report

Microfinance Focus, April 29, 2010: Citi, a global financial services company, has released its 10th annual Global Citizenship Report, underscoring the bank’s strategic focus on citizenship and commitment to the economic development of the communities it serves in more than 140 countries. Citi vowed to keep its commitment for supporting economic growth through specific attention in leading Environmental Goals, Continued Innovation in Microfinance and a Renewed Focus on Financial Capability and Community Development.

Citi Microfinance works across Citi’s businesses and geographies to serve more than 100 microfinance institutions (MFIs), networks and investors as clients and partners in over 40 countries, providing funding, access to capital markets, savings, remittances and insurance products.

“Citi is committed to being a global and local supporter of the microfinance sector and to focusing the resources of our business to expand financial inclusion and economic growth. Our strategy has been to work closely with microfinance institutions in local markets connecting institutions with access to commercial financing and to their own local capital markets,” said Bob Annibale, Global Director of Citi Microfinance and Community Development.

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