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Press Room
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Citigroup Inc. (NYSE: C)
November 29, 2007
 
Panama: Citi & Junior Achievement Announce Winners of the "JA Banks in Action" Regional Tournament
 
Panama City, Panama – Panama was the winner of this year's "JA Banks in Action" Regional Tournament. The event was held in Panama City, Panama November 26-28.
 
Geared to high school students, "JA Banks in Action" demystifies finance by explaining how a bank works. While exposing students to banking basics, operations and history, students learn about various career paths they can take in the financial services industry. A computer simulation allows student competitors to role-play in high-level positions such as CEO and CFO, challenging them to successfully operate a bank in a dynamic environment where their decisions will make or break "their" bank. The students face off in an exhilarating game of financial know-how and skill, where good money management instincts are the key to survival.
 
The 2007 JA Banks in Action Regional Tournament was the biggest since the first tournament was held in 1998; a total of 17 countries were represented. The students of a public school from Panama implemented the winning strategy and won a prize of US$ 1,000. The Honduras team came in second place and the El Salvador team came in third, winning US$ 500 and US$ 250, respectively. Citi's Country Officer for Panama, Francisco Conto, and Linda Claflin, Senior Vice President, Asia/Pacific and Americas Region for JA Worldwide (Junior Achievement), were present at the awards ceremony and offered the prizes to the winners.
 
"It is an honor to be in Panama again for this exhilarating competition, which brings together students from across Latin America and the Caribbean and provides them with the opportunity to network and learn about careers in banking. JA Worldwide thanks Citi for its continuous support in making this competition possible," said Ms. Claflin.
 
This is the second year that the competition has been held in Panama. It has previously been held in Argentina, Uruguay and Brazil. In addition to the competition, students from Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, México, Panamá, Paraguay, Peru, Trinidad & Tobago, Uruguay and Venezuela participated in activities designed to promote cultural exchange and learning among the participants.
 
"Since 1998, Banks in Action has provided thousands of high school students across the Latin American region the opportunity to show their talents and at the same time learn about different countries and cultures. We are especially proud this year to have students representing 17 countries of the region participating in Panama," added Lula Rodriguez, Managing Director of Corporate Communications and Public Affairs Citi Latin America and the Caribbean.
 
In 2007, the JA Banks in Action program reached over 25,000 students in Latin America and the Caribbean. Citi employees across the region volunteered their time throughout the year to help broaden the financial understanding of the students by teaching them to be entrepreneurs, to take risks, to strive for excellence and maintain high ethical standards.
 
JA Banks in Action is part of Citi and the Citi Foundation's ten year, $200 million commitment to financial education.
 
 
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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, 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.org/.
 
JA Worldwide (Junior Achievement)
JA Worldwide is the world's largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, JA Worldwide provides in-school and after-school programs for students in grades K-12. JA Worldwide offers educational programs that focus on three key content areas: entrepreneurship, work readiness, and financial literacy. Today, 140 individual area operations reach more than four million students in the United States, with an additional 4.3 million students served by operations in 114 other countries worldwide. For more information, visit www.ja.org.