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Citibank expands national presence

by Staff Reporter8 minute read
The Adviser

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.

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.

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