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Press release content from Business Wire. The AP news staff was not involved in its creation.

Citi Reduces Base Rate

October 30, 2019 GMT

NEW YORK--(BUSINESS WIRE)--Oct 30, 2019--

Citibank, N.A. said today it has reduced its base lending rate to 4.75% from 5.00%, effective tomorrow, Thursday, October 31, 2019.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides 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, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

View source version on businesswire.com:https://www.businesswire.com/news/home/20191030006177/en/

CONTACT: Media: Mark Costiglio (212) 559-4114

Investors: Elizabeth Lynn (212) 559-2718

Fixed Income Investors: Thomas Rogers (212) 559-5091

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Citi

Copyright Business Wire 2019.

PUB: 10/30/2019 07:30 PM/DISC: 10/30/2019 07:30 PM

http://www.businesswire.com/news/home/20191030006177/en