re: Ann: Citibank Partners with Australia'... Great announcement and very little movement in the value of the stock. Is the market expecting such announcement increases and have factored in future growth by devalue?
"Customers and Citibank have agreed to progressively expand Citibanks ATM
network by a minimum of 150 ATMs within the next 18 months"
"The Citibank branded ATMs will be supplied and operated by Customers under a three-year contract"
"the agreement will provide revenue uplift for Customers through a branding fee per ATM from Citibank"
"Citibank CEO, Roy Gori said Over the next 18 months to two years, we will be investing heavily in our brand and
in our physical presence in Australia. This includes the revitalisation of our existing
branch sites with innovative technologies, the development of new branches in key
strategic sites and, in alliance with Customers, the expansion of a branded ATM
network"
Cheers,
Miike
re: Ann: Citibank Partners with Australia'... Great...
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