Citibank announced plans to dismantle ATMs in Russia before the end of the year

Citibank has begun phasing out its ATM network, all ATMs will be dismantled before the end of 2023. About this says in a message on the website of the credit institution.

“Dear customers, we would like to inform you about the beginning of the process of terminating service at AO Citibank ATMs. All ATMs will be dismantled by the end of 2023,” the statement said.

The bank reminded that customers can still make transactions through the Citibank Mobile website and app.

August 25, 2022 Citigroup announced about the intention to completely stop serving retail and corporate clients from the segment of small and medium-sized businesses in Russia. The Group also did not rule out the sale of loan portfolios. The process of curtailing the business will begin in the third quarter of this year. It will affect about 2,300 employees from 15 departments, including company branches, as well as retail services such as consumer loans, credit cards, deposits, brokerage and custody services for individuals. The process will take place in accordance with the requirements of regulators and obligations to customers, partners and employees.

Back in April 2021, Citigroup announced plans to curtail its retail business in Russia and 13 other countries. After the start of a special military operation on the territory of Ukraine, Citigroup, like many foreign banks, announced a likely withdrawal from Russia and the closure of not only the retail direction, but also the business of the commercial bank department.

In addition, the company announced the reduction of operations and presence in Russia, including the attraction of new customers was stopped. At the beginning of July 2022, the Financial Times wrotethat the group is negotiating the sale of part of its business in Russia with several Russian companies, including Expobank and Reso-garantiya insurance company.