Citibank opens securities services in Russia for MinFin bonds.NEW YORK--(BUSINESS WIRE)--Dec. 12, 1994--Citibank is pleased to announce the addition of a new securities service to its product offerings in Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). . Citibank T/O T/O Time Out T/O Turnover T/O Take Out (restaurant food) T/O Takeoff T/O Theater of Operations T/O Table of Organization T/O Target of Opportunity T/O Train Operator T/O Tap-off T/O Thermal Oxidizer in Moscow offers a safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. service for Russian Federation Russian Federation: see Russia. Ministry of Finance issued U.S. Dollar denominated (MinFin) Bonds. The bank expects to shortly add equity custody services to broaden the securities services product line in Russia. Citibank utilizes the Vneshtorgbank (VTB VTB Vneshtorgbank (Russia foreign trade bank) VTB Vermont Teddy Bear VTB Valve Trombone (musical instrument) VTB Verification Test Bed (Sprint) ) as its agent for safekeeping and provides full reporting and service capabilities in English. "We have seen growing interest from customers as trading activity in the MinFin bonds increases," said Miljenko Horvat, president of Citibank in Russia. "As the market expands and more investment instruments become available, we expect a corresponding expansion of both our securities services products and our customer base." Located in Moscow, Citibank's daily contact with the market enables the bank to facilitate customers' entry into the Russian Russian associated in some way with Russia. Russian blue a breed of cats with short, dense, silver-tipped blue-colored coat and vivid green eyes. MinFin bond market. The rapid development of the capital markets in Russia offer a number of unique opportunities for which Citibank is well-positioned to serve its international customer base. Citibank T/O employs approximately 70 staff members, of which all but eight are Russian citizens. In Russia, Citibank's primary goal has been the transference TRANSFERENCE, Scotch law. The name of an action by which a suit, which was pending at the time the parties died, is transferred from the deceased to his representatives, in the same condition in which it stood formerly. of modern banking technology and sound operational and risk management processes. Citibank is by no means a newcomer to Russia. In January 1917, as the National City Bank, the bank opened a branch in Petrograd. A second branch in Moscow was planned when banking was declared a state monopoly and the bank was forced to close. In mid- mid- pref. Middle: midbrain. 1992 the bank re-established a representative office which served as the platform for the formation of the locally incorporated Citibank T/O. Citibank T/O opened its Moscow office in November 1993, as a wholly-owned subsidiary of Citibank Overseas Investment Corp. The bank has a full banking license, permitting it to do business in the Russian Federation with both Russian and non-Russian customers, in both local and foreign currencies. Russia is one of 95 countries in which Citicorp operates branches or banking subsidiaries. Citibank today offers custody and related securities services in more than 50 countries worldwide. CONTACT: Citibank, N.A.
Michael Williams, 212/657-6658
or Ken Campbell, 212/559-0048
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