Citi Extends Commercial Cards To Greece, Luxembourg; Eyes United Arab Emirates

Published October 07, 2010, 2:10 p.m. EDT

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Updated October 07, 2010, 1:10 p.m. EDT

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Citigroup Inc. is expanding its proprietary commercial card issuance services to Greece and Luxembourg, bringing its total global card-issuing locations to more than 50 worldwide, the New York-based issuer announced Oct. 7.

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The company said it also plans to extend commercial card issuance to the United Arab Emirates before the end of the year.

Citi has expanded its commercial card market coverage to 10 new countries within the past year (see story). The most recent additions, within the past few months, were Turkey and South Africa, Citi said.

“The addition of Greece and Luxembourg to Citi’s commercial card offering underscores our commitment to providing clients with truly consistent global market coverage coupled with local market expertise,” Manish Kohli, Citi’s head of wholesale card operations for Europe, the Middle East and Africa, said in a statement.

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