Citibank has introduced in Indonesia a package of banking services specifically geared to the country's fast growing stock of small- and medium-sized enterprises (SMEs).

Citibusiness featuresexpress letter of credit(L/C) issuance and documentary collections amongst a range of financial services.

Full service

Citibank is trailing its package as a suite of products for SMEs featuring a full range of banking services that were once only available to larger enterprises.

As well as express L/C issuance, Citibusiness features a domestic service network in which SME clients can make deposits at banks within a network of local banks organised by Citibank.

Availability

Citibusiness was introduced around a year ago to India where it includes a range of non-financial business support services as well conventional banking services. (DC World News, 1 June 2006)

The package is also available in Hong Kong, Singapore, Malaysia and Korea.

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