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Citi Retail Services signs long term financial services agreement with BRP.

M2 EQUITYBITES-January 11, 2017-Citi Retail Services signs long term financial services agreement with BRP

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Citi Retail Services, owned by Citigroup Inc (NYSE:C), has signed a long-term financing services agreement with BRP that designs, develops, manufactures, distributes and markets power-sports vehicles, the company revealed on Wednesday.

Pursuant to this agreement, Citi Retail's experience in providing private label credit card services, will be used to help BRP expand its retail services for customers. During the term of the new partnerhip, Citi Retail will provide a consumer revolving credit card programme to finance the purchase of BRP's power-sports vehicles and other related products and services.

Also, this partnership will include support for a new online dealer portal to provide authorised BRP dealers with an accessible, streamlined process for new applications and transactions and access to expertise and solutions, as well as for providing information to cardholders on all the latest offerings and services.

A global bank, Citi does business in over 160 countries and jurisdictions and provides different financial products and services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.

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Publication:M2 EquityBites (EQB)
Date:Jan 11, 2017
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