Printer Friendly Page
Citigroup Inc. (NYSE: C)
May 01, 2008
Poland: Citi Handlowy Financial Education "My Finances" Program Wraps Up
|
|
|
"Citi Handlowy has been involved in projects focused on financial education and promotion of entrepreneurship for many years," said Iwona Jaworska, President of the Management Board of the Kronenberg Foundation operating at Citi Handlowy, when presenting the main prize. "I believe that, thanks to the ‘My Finances' program, young people will find it easier to understand how the market works and the knowledge and skills acquired by them during the program will be of great value in the coming years," added the President of the Kronenberg Foundation.
The nationwide final of the "My Finances – From Class to Cash" competition was held in the form of a quiz and consisted of 30 questions and six tasks of different levels of difficulty, divided into three rounds. Teams from 16 provinces with a total of 62 students made it to the final. During the quiz, Investment Committees composed of students used an electronic system to communicate with the audience. The audience could see the questions asked and the points scored by individual teams.
As part of the second edition of the "My Finances" program, several hundred of Citi Handlowy employees conducted workshops for students during which they explained to them in a comprehensible way how the financial market works. Students could visit the bank's branches, where they were given a chance to put into practice the skills acquired in class.
In 2004 the National Bank of Poland, the Kronenberg Foundation operating at Citi Handlowy, and the Junior Achievement Foundation joined their forces to enhance the quality of financial education in secondary schools, and in particular to improve and spread the knowledge on personal finance.
The "My Finances" project was launched in 2005. As many as 2,400 teachers and 216,000 students have already taken part in the program.
The "My Finances" program will be continued in the years 2008-2010 and that it will be expanded to include workshops for parents. The number of participants is also to be doubled (to 453,600 students). New educational modules will be introduced – workshops for parents – "My Child in the World of Finance" and additional activities for the youth – "To Become an Investor."
# # #
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, Banamex and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
The Kronenberg Foundation
The Kronenberg Foundation was established in 1996. On behalf of Citi Handlowy, it provides assistance for programs promoting the public good in the following areas: education, local development and preservation of the national heritage. Its activities include, among others, a financial education program for secondary school students called "My Finances", organized in cooperation with the National Bank of Poland and the Junior Achievement Foundation; the Employee Volunteer Program (involvement of Citi Handlowy employees in selected community and social initiatives); competitions: Microentrepreneur of the Year and the Competition for the Bank Handlowy w Warszawie S.A. Award in the Theory of Economics, which is made for outstanding achievements in the area of economics and finance, as well as the Prof. Aleksander Gieysztor Award, made for a substantial contribution to the preservation of the Polish cultural heritage.
Bank Handlowy
Bank Handlowy w Warszawie S.A. is one of the major financial institutions in Poland and offers under the Citi Handlowy brand a broad range of state-of-the-art products in corporate, investment and consumer banking. Through its modern distribution channels and a network of over 188 branches, Bank Handlowy services 20,000 corporate customers and 800,000 individual ones. The Bank's group includes Dom Maklerski Banku Handlowego (brokerage house) and Handlowy Leasing. Being a member of Citi enables the customers of Bank Handlowy access to financial services provided in over 100 countries. Further information is available at www.citihandlowy.pl.