Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Citibank expands national presence

Staff Reporter 4 minute read

By: Jessica Darnbrough

The second-tier lender is ramping up its presence in Australia, announcing a partnership with Customers Ltd that will see the bank expand its ATM network.

Customers and Citibank have agreed to progressively expand Citibank’s ATM network by a minimum of 150 ATMs within the next 18 months.

According to a Citibank statement, it is anticipated that the partnership will ultimately achieve substantially greater numbers above the agreed minimum, with Citibank and Customers engaging in a site identification and selection process which has already exceeded 150 terminals.

Advertisement
Advertisement

The Citibank branded ATMs will be supplied and operated by Customers under a three-year contract.

Citibank chief executive officer Roy Gori said Citibank and Diners Club cardholders would be important beneficiaries of the agreement, and that this important step formed part of a broader strategy in Australia.

“Over the next 18 months to two years, we will be investing heavily in our brand and in our physical presence in Australia. This includes the revitalisation of our existing branch sites with innovative technologies, the development of new branches in key strategic sites and, in alliance with Customers, the expansion of a branded ATM network,” Mr Gori said.

Citibank expands national presence
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

PROMOTED CONTENT


default

 

more from the adviser
handshake news MyState names banking general manager

A former broker head has returned to MyState Bank, to tackle turn...

BBS 2021 ta SA/NT’s top brokers crowned

The leading brokers in South Australia and the Northern Territory...

Paul Kearney ta AFCA recruits from ME Bank

The complaints authority has named a new executive general manage...