Citi reorganizes its staff in the region

Yesterday Citi announced changes in its regional organization that will affect the integration process with Cuscatlán and Banco Uno.

Thursday, July 31, 2008

Eduardo del Rincón, currently CEO of Grupo Financiero Uno, will become the new Central American Director of Citi. He will be responsible for the successful integration of the three banks (Banco Cuscatlán, Grupo Financiero Uno and Citi), and will be in charge of the Central American credit card operations.

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Citi to opens its doors in Guatemala on Monday

November 2008

Citi will open its doors to the public as group next Monday. The change in name is due to the consolidation of the bank after the merger of Banco Uno and Cuscatlan Banks.

The announcement of the new image was release in a publication in the Prensa daily explaining that for three days (November 7 to 9) branches nationwide will be closed in order to finalize details that will benefit the public.

Citibank, the new brand

September 2008

El Salvador is the second country to join the Citigroup network in Central America; the plan should be completed in the last quarter of this year and includes Panama.

The full Citibank network started to function fully yesterday and is made up branches that belonged to Cuscatlan Bank and Bank Uno

El Salvador Citibank operations approved in El Salvador

September 2008

Citibank got the approval of the Salvadoran authorities to integrate the operations of Banco Uno Bank and Cuscatlan Bank.

The Superintendence of the Financial System (SSF) reported yesterday that the Board granted its approval last Wednesday after receiving the corresponding reports.

El Salvador: Merger of Cuscatlan Bank and Banco Uno Bank to be endorsed

August 2008

The Superintendence of the Financial System will announce next week whether or not both entities can begin to operate as Citibank, after their merger.

Citigroup Inc. completed the purchase of the Corporación Unión de Bancos Cuscatlán Internacional (UBCI), owner of Cuscatlan Bank, in May 2007, and in March of the same year it acquired the Financiero Uno Group (GFU).

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