Citibank’s presence in Egypt dates back to 1955 when it opened its first branch of a U.S. bank in the Middle East. Following the nationalizations of the late 50’s and 60’s, Citibank re-introduced itself in the market in 1975, through its branch in Cairo, with a license to operate in foreign currency. In 1993, Citibank Egypt received its license to operate in local currency, a major milestone, which allowed for the gradual development of a full-blown Corporate and Investment Banking business that caters to corporate customers and financial institutions, providing the full range of Global Transaction Services, Corporate Finance and Treasury solutions. Additionally, CitiDirect is our online internet-banking solution available to our corporate customers for transaction execution. In 1999 Citibank celebrated the launch of its Consumer Banking business in Egypt by introducing the first unsecured Credit Card to the market. Few countries have witnessed such stunning growth seen by the Global Consumer Group in Egypt, which is now managing a full-service retail franchise. Balanced and aggressive growth has enabled diversification into Personal Loans, Banking, and Payrolls. We cater to our over 100,000 retail customers through 9 branches, 8 of which are in main locations in Cairo, and one in Alexandria. All our branches enjoy state of the art, high quality premises with a wide ATM distribution network, supported by 24-hour CitiPhone Banking. Moreover, through Citibank Online, our interactive banking system that was introduced in 2002, our customers can access their accounts and transact on-line