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GCG Bahrain was recently awarded the coveted title, ‘Best Workplace’ in EMEA, during a conference held at Vienna. The award was presented to Mr. Ashish Bhugra, Citibank’s Consumer Bank Head of Bahrain by Mr. George Awad during an event that was attended by 210 people across the 28 EMEA countries. Citibank Bah-rain team was represented by Nader Moosa, Bilal alavi and Harpreet Arora.

Speaking about the honor, Ashish congratulated his staff by saying, “I'd like to extend my sincerest thanks to each of you for your support, efforts and partnership in making GCG

Bahrain such a wonderful place to work in. While we pursue to accom-plish our business objectives, we must always remember to embrace the hu-man elements and values in our daily interactions with our colleagues. Let's continue to propel our franchise on the strong foundation of the 5 point plan and shared responsibilities that each of you have helped build.”

Q4, 2006 Issue 16 Dec 31st, 2006

“Citibank Bahrain rated ‘Best workplace’ ”

Citibank launched the debit card

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Schroders' MultiManager Funds Launched

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Community Support 3

Long Service Award 3

CIB celebrated 2006 year 4

Employee of the month 5

Bake sale success story 5

New Staff List 6

Inside this issue:

Please send your suggestions to Deema Murad Tel +973-17-588-644 , Fax +973-17-588653 deema.murad@citigroup.com

Q4, 2006

Volunteers Spend Precious Time at Sal-maniya Hospital

Citigroup Bahrain volunteers recently joined more than 40,000 Citigroup volun-teers in 100 countries for the company’s first “Global Community Day.”

Citigroup’s first Global Community Day is a worldwide effort involving more than 800 projects in over 400 cities around the world. Recognizing that many Citigroup employees volunteer year-round in their communities, Global Commu-

nity Day celebrates Citigroup’s volunteer spirit on one-day worldwide. Local volunteer teams worked on a vari-ety of projects addressing specific community needs, in-cluding literacy, housing, environmental protection, nu-trition, and health care. In Bahrain, more than 25 Citigroup volunteers spent time with 130 patients at Salmaniya Hospital-Children Wards. Cancer and leukemia patients were comforted and pro-vided with token gifts at the end of the visit. Mohammed Al-Shroogi, Division Head for Middle East, Egypt and Levant, said: “We are committed to be an integral part of the Middle Eastern societies where we maintain a presence for almost half-a-century. The Global Community Day is one way to demonstrate our resolve to fulfill our duty as a responsible corporate citi-zen in Bahrain and elsewhere.”

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Schroders' MultiManager Funds Launched

Citibank recently launched the Citibank Debit Card which carries security and access features that will reduce the need for carrying large amounts of cash for purchases across thousands of outlets. Issued to Current, Savings & CitiBest Account holders, the Citibank Debit Card works as an ATM card which can be used to get instant cash at over 800,000 ATM’s globally and to make purchases at more than 12 million establishments in Bahrain and overseas which makes shopping with the card much more convenient than car-rying cash. “At Citibank, we offer best-in-class banking service, evident in our range of superior prod-ucts and services that are designed to maximize value for customers as well as provide them with the utmost convenience,” said Ashish Bhugra. “The Citibank Debit Card is unique. Its combination of strong security features, ATM card and debit card usability and global accep-tance, drastically reduces the need to carry large amounts of cash, while also ensuring our customers can buy anything, anywhere and at anytime at their convenience.”

Citibank Launched “ Citibank Debit Card”

Q4, 2006

Citibank recently launched Schroders' MultiManager Funds, the only mutual funds to offer private investors an inte-grated investment solution that includes access to alternative investments alongside traditional investment categories for the first time in Bahrain. These features provide greater diversity in asset allocation, which are combined in one product with six different portfolio types, so that investors can choose the investment solution that meets their specific needs. With Schroders' MultiManager Funds, clients will be able to gain even more access to the top fund managers in the world. Schroders' portfolios are highly diversified so investors may benefit from the best opportunities across markets. Also, diversifying investments can help reduce risk. Ashish Bhugra affirmed that, “Citibank already offers our customers a wide range of local onshore and offshore sav-ings, investment advisory and wealth management services, including our premier Citigold service.” Ashish Bhugra fur-ther stated that, “We constantly aspire to achieve new benchmarks in customer service and new products. The introduction of Schroders MultiManager Funds shows how we are in a position to leverage on our global strengths, strong business positioning, unrivalled scale and efficiency, powerful branding and the broadest product offering for the benefit of our customers in Bahrain.”

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Citigroup supported the community by training unemployed physically challenged youth

Citigroup announced a new grant to the Bahrain Training Institute (BTI) which was dedicated to training the physi-cally challenged youth of Bahrain.

The USD 35,000 grant by the Citigroup Foundation was utilised to finance the “Citibank Diploma in Banking for the physically challenged”, a training programme which offered students high quality, lifelong vocational and en-trepreneurship training in Banking and Finance to meet current and future employment requirements.

The training will cover teamwork skills, personal development, social skills and independent living skills that are imperative to the physically challenged to help them gain a secure and permanent job.

Mr Mohammed Al Shroogi, Citigroup’s Division Head for Middle East, Egypt and Levant said, “Citigroup has time and again, demonstrated its commitment towards helping the local community, especially to those who are dis-advantaged.

“I believe that physically challenged youth, if provided with the right training and education, can offer meaningful contri-bution to the society and have successful careers,” said Mr Shroogi.

The Citigroup Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs.

Commenting on Citibank’s support for the Institute and the local community, BTI Director Hameed Saleh said, “This is not the first time that Citigroup engages with BTI in support-ing focussed training which aim at helping Bahraini nationals to confidently enter the labour market.

“This gesture is aimed at paving the way for talented physi-cally challenged youths to land secure careers in the banking and finance industry,” said Mr Saleh.

The induction for this program was held back in Dec 06.

Long Service Award Long service award were pre-sented to the following : 10years Lata Swaminathan-V.Narayanan- Syed Zeeshan Ali-Essam A.Jalil-Tariq Ahmed-Yasser Khakwani– 15years Mazin Manna-Terence Rodrigues-Christopher Tampiraj 20years Roxanne Jassim 25years Abdulla Edham– Ali .Aziz 30years A.Aziz Moosa—KK Hameed

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CIB celebrated The “ 2006 YEAR OF SUCCESS” To celebrate a successful 2006, Citibank Bahrain staff recently attended a special function at the Gulf Hotel. The event highlights included a speech by Mr. Mohammed Al Shroogi, Division Head for the Middle East, Egypt and Levant. Long service award were Fun filled games added to the excitement of the evening as winners took home fabulous prizes such as cameras, mobile phones and jewellery.

Q4, 2006

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Employee of the month

Narjis Ali from GCG has played a great role as a Problem Resolution Officer in the IMPR Unit in moni-toring and tracking daily customer complaints and inquiries to be re-solve within tolerance timeframe and achieving department goals to reduce the resolution time frame and eliminating unsuccessful clo-sure of ECCMS. She has been the

only staff in the department after resignation of her colleagues, she has proven over her ability and skills to handle the work pressure and manage it to the best efficiency. She has high commitment to her job with high potential to grow.”

Dec 2006

“Mohammed Abbas from ICU, is a self motivated employee, he is always willing to accept assignments given to him. He is an experienced staff in ICU department; he has contributed significantly in the Kuwait Flexcube project and he strongly believes in customer service by providing excel-lent service to internal as well as ex-ternal customers. In addition, he has put an excellent effort in implemen-tation of Recon trade in September, 2004 as well as Recon Fronteir in

2005 (Our Account Reconcilement system). He is hard worker and has shown commitment to taking over new responsibilities during 2005/2006. Mohammed has a cheerful attitude that creates a friendly atmosphere in the department; this is particularly important in the control function that he handles. ”

Nov 2006

“Dana Fakhri has joined Product Con-trol Team during March 2006. Within

a short time span she has successfully contributed to the Centralization of MENA CALM “ Citigroup Market Risk / Transfer Pricing module ” Prod-uct Control objectives. She is hard working, highly motivated and excel-lent team player and has shown com-mitment towards taking over new re-

sponsibilities. She has put in a tremendous effort in stan-dardizing Liquidity and Price Risk CALM processes across the cluster and has been a key member of Product Control team in supporting all the issues, queries and projects initiated by MENA countries. During August and September months, in the absence of two key staff members, she has efficiently managed to take over addi-tional responsibilities and have introduced various proc-ess improvements. ” .

Oct 2006

Bake sale success story

Q4, 2006

Citibank staff took part in a Bake Sale for which they pre-pared a variety of snacks that were sold to the bank’s staff. The proceeds totaling BHD291 were presented to NBB Home for Disabled Children on 5th October in the form of BD10 Al Muntazah Supermarket Vouchers to the needy families of the disabled children, as well as, Gergaoon giveaways to the children in the center. The visit was arranged by Citiclub members, Mrs Abeer Al Shehabi and Chrissy Kim. “I feel that it was a great personal achievement to contribute to such an activity” Abeer commented.

Ameena Alwan, Mohammed Abbas, Huda Janahi, Batool Madan, Arwan Al Sharaf,Mardiyah Khalil and Sharon Juan were recently honored by Citigroup for their outstanding commitment and accomplish-ments of various tasks within their departments.

Hard work rewarded

Special Offer from Teatro

We are happy to inform you that all Citibank staff will receive a 25% discount on their total bill at Teatro Restaurant in Dana Mall, upon the presentation of your ID. The offer is valid from Feb 1 un-til end of April .

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New Staff List

Ahmed Hamadi Ali Jaffar Hajj Noora Salman Jaafar Al Ganemi Tamer Fakhro Wealth MGT -GCG Wealth MGT -GCG Wealth MGT -GCG Ops & Technology Ops & Technology

Reema Isa Uroosa Nabeel Imene Ghandoudi Fatima Al Shamlan Ahmed Asseri Quality Assurance Wealth MGT -GCG e-Commerce NRI TI –CIB

Khulood Kalid Faqi Husain Mashaalla Rabab Habib Ebrahim Ahmed A.Hameed Nasralla Ops & Tech Personal Loan-GCG Personal Loan-GCG Personal Loan-GCG Auto loans-GCG

Rezwana Rashid Dana Sison Ahmed Abdulla Rajat Srivastav Masroor Ahmed Wealth MGT -GCG GCG Wealth MGT -GCG Credit Operation Asset Sales-GCG

Q4, 2006

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Inside S tor y Headline

Q4, 2006

New Staff List

Ameera Ahmed Monther A.Rahman Sukhendu Sahu Ayman Brrada Ahmed Abbas Ops & Tech ICU E-Commerce Treasury GCG

Shital Khanna Shahid Ahmed Marites Magday Suad Nasreldeen Smitha Dhanu NRI GCG GCG NRI NRI

Gary Satur Rashid Liaquat Thirupathy Naraya-nan

Prabue Kamalkkannan Kushang Seth

NRI GCG PCU Compliance NRI

Kirti Rajkumar GCG

New Staff List