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FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
September 05, 2007
High School Students Compete in "Bancos en Acción" Program Sponsored by Citi Foundation
Every year in Costa Rica, Citi Foundation sponsors the program "Bancos en Acción," (Banks in Action) through which high school teenagers have the opportunity to live the experience of learning how to manage a banking institution within a competitive environment. This project is implemented together with the organization, Junior Achievement Costa Rica, whose main goal is to encourage young people to explore the world of the bank industry and prepare them for the challenges of the global economy.
This year, eight public high schools from different parts of the country participated in this activity. The students are taught the basic principles of the financial education during a four-month period and then they begin the competitions. During the first stage, high schools compete among themselves to determine the team that will represent them in the final national competition. The National Competition was held September 7, at 1:00 p.m. in the Hotel Real Intercontinental. The winning team will represent Costa Rica in the Latin America Competition to be held during the month of November in Panamá.
During the competition, the students play the role of the managers of a bank entity and they have to make decisions in relation to the credit and saving interest rates in a short and long term within a dynamic market. Citi employees who volunteer in the program provide support to the different teams by acting as counselors that will help them in the decision-making process.
"Citi is highly committed to future generations. We want to expose them to the tools necessary to succeed in the future, which one day may help in the development and strengthening of our economies," said Jorge Mora, Citi Country Officer of Costa Rica. "This program has been successful in many countries. In Costa Rica alone, more than 3,000 public high school students have completed the program. We extend our congratulations to all of this year's participants who will represent Costa Rica in the Latin America Competition."
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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/.
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