Landmark Financial Education for the Poor Training Program Launched by Citi Indonesia

Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

Citi Foundation
The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.com/.

LMFEUI
Established in 1963, the Management Board of the Economics Faculty of University Indonesia (LMFEUI) initially was an extension of Executive Development Program carried out in 1959 and sponsored by Ford Foundation and the Faculty of Economics University of Indonesia. However, in the developments, the institution has been involved in many management consultation projects, thus establish its position as one of the most famous consultation service in Indonesia. As a management consultation company, LMFEUI existence is aimed to be companies’ partners in overcoming management problems through research, consultation, training and assessment service. Therefore, LMFEUI has four business divisions, which consist of Management Consultation, Training, Assessment service, and Risk Center. LMFEUI is committed to provide useful assistance to solve business problems faced by national or multinational companies in Indonesia. For further information on LMFEUI please visit: http://www.lmfeui.com/.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) June 06, 2007 Landmark Financial Education for the Poor Training Program Launched by Citi Indonesia Jakarta – Helping many underprivileged Indonesians break out of the poverty cycle is the long-term objective of a financial education program launched by Citi today. The Financial Education for the Poor program is the first such initiative to be run in Indonesia. Other similar Citi Foundation funded programs are also run in South Africa, India, Bolivia, Kenya, Morocco, the Philippines and Poland. At the launch, Shariq Mukhtar, Country Business Manager, Citibank Indonesia, said, "One of the largest problems faced by the underprivileged in any society is the lack of basic financial management skills. As a result, they are unable to stand on their own without relying on loans from banks and others." He added, "This program aims to give the underprivileged basic skills such as budgeting and saving so that they can make better use of their resources and in time, end their reliance on loans.” According to the Central Bureau of Statistics, the 39.05 million people classified as poor in 2006, increased 10% from 2005. Many are Small or Medium Enterprise (SME) owners and their development is critical for the further growth of the Indonesian economy. The Central Bureau of Statistics said there were 42.39 million SMEs in urban and suburban centers in 2006. To manage the program, Citi is supported by the Management Board of the Economics Faculty of University Indonesia (LMFEUI). LMFEUI will provide training to 75 cooperatives, People’s Credit Banks (BPR) and microfinancial institutions that will, in turn, train the borrowers among the poor. "This program is a pilot project which will begin in some major Java cities like Yogyakarta, Bandung and Surabaya," said Dr. Budi W. Soetjipto, LMFEUI Managing Director. "We are hoping that more banking and non-banking loan institutions will be involved in this program so that more poor and small businessmen will be assisted," added Dr. Budi W. Soetjipto. The program is expected to help the poor and small businessmen to acquire credit loan from cooperatives, People’s Credit Banks (BPR) and micro financial institutions. # # # Citi Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com. Citi Foundation The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.com/. LMFEUI Established in 1963, the Management Board of the Economics Faculty of University Indonesia (LMFEUI) initially was an extension of Executive Development Program carried out in 1959 and sponsored by Ford Foundation and the Faculty of Economics University of Indonesia. However, in the developments, the institution has been involved in many management consultation projects, thus establish its position as one of the most famous consultation service in Indonesia. As a management consultation company, LMFEUI existence is aimed to be companies’ partners in overcoming management problems through research, consultation, training and assessment service. Therefore, LMFEUI has four business divisions, which consist of Management Consultation, Training, Assessment service, and Risk Center. LMFEUI is committed to provide useful assistance to solve business problems faced by national or multinational companies in Indonesia. For further information on LMFEUI please visit: http://www.lmfeui.com/.