Sydney, 16 February 2009: In response to the widespread public appeal for support for the victims of the Victorian bushfires, Citi Australia is assisting those affected through its Citibank Disaster Relief Program.
The program offers immediate financial relief to those affected, as well as helping victims on a case-by-case basis to tailor make solutions for their longer-term financial needs.
The Relief Program includes mortgage payment relief, personal loan restructuring, temporary credit line increases to meet unexpected costs, fee waivers for customers requiring early redemption of term deposits and fast tracked insurance claims.
In addition, Citi Australia is matching donations made by its employees to the Red Cross Victorian Bushfire Fund until February 20, 2009. As at Monday, 16 February employees had pledged more than $110,000 to the fund, bringing Citi’s total donation to more than $220,000 as at that date.
Citi Australia and all its employees extend their deepest sympathies and support to those affected by the bushfires in Victoria.
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 and Citi Smith Barney. Additional information may be found at www.citi.com.au
