Citibank Pledges $50,000 to Financial Aid Program

Citibank N.A. Lebanon recently announced it will pledge $50,000 to AUB's financial aid program. The funds, provided by the Citibank Foundation, will aid undergraduate students at the Suliman S. Olayan School of Business who are eligible for financial assistance during the 2007-08 academic year.

Walter Siouffi, general manger of Citibank in Lebanon said: "Citi has been a steady supporter of AUB's scholarship program for many years. We are proud to advocate higher education in Lebanon through financial aid contributions and we look forward to opportunities to complement this support through special lectures and training on important global banking as we have done in the past." Since 2000, Citibank has contributed $250,000 to AUB's scholarship program.

Imad Baalbaki, assistant vice president for development at AUB, said: "We commend Citi for its continued interest in providing educational opportunities to talented young people from this region, particularly Lebanese students. This donation will enhance AUB's financial aid program and will give students the opportunity to obtain a quality business education at par with top international academic institutions."

Citibank had previously provided for delivery of an accredited course, entitled "Risk in Commercial Banking," to graduate students at AUB's School of Business. The course has been given for four terms. Citibank also provides summer internships to AUB students and students from other universities.