Citigroup Giving in Asia Pacific 2005 Community Annual Report contents Cover: Chinese microentrepreneur, Zhao Xiufen from 2 citigroup Giving In Asia Pacific Yi County in Hebei Province, is one of a growing number of microfinance clients in China. Microfinance helps to reduce poverty through increased access to basic Priorities: financial services like credit. To support the development 4 Microfinance of the country’s microfinance sector, Citigroup has given 6 Financial Education a US$1.5 million grant to set up China’s first national 8 Educating The Next Generation microfinance training centre and microfinance association. 10 Disaster Response 12 Environment 13 Volunteering Regional Highlights: 14 Australia 16 Bangladesh 17 Brunei 18 China 22 Guam 23 Hong Kong 25 India 27 Indonesia 29 Korea 33 Malaysia 35 New Zealand 36 Philippines 38 Singapore 40 Sri Lanka 41 Taiwan 44 Thailand 48 Vietnam 52 Asia Pacific Grants 2005 56 Asia Pacific Community Awards 58 from the management Welcome to the 2005 Community Citigroup has been in this region Annual Report from Citigroup Asia for more than 100 years and we Pacific. It’s designed to provide an are proud of our focus on long-term insight into the wide-ranging work and sustainable community programs, that Citigroup and our many partners complemented by emergency relief are undertaking in communities when needed. We are also proud of throughout the region. our highly diverse and experienced workforce that contributes thousands Sharing Citigroup’s At Citigroup, we recognize that we are of hours each year to support part of these communities, and like these programs. resources, knowledge all community members, we share a and expertise to benefit responsibility to make them better. Our thanks go to our community partners, our employees and the individuals, families, We do this not only by providing Citigroup Foundation. Their collective communities and local vital financial services in our day-to- efforts are making a real difference to day business operations, but also by the lives of millions of individuals and economies across enabling individuals and families to families in Asia Pacific, and helping to have greater control over their own strengthen entire communities and Asia Pacific social and economic development. local economies. We hope this report This helps to spread the benefits of does at least some justice to your economic growth, to reduce poverty outstanding contributions. and to raise standards of living. Robert Morse Ashok Vaswani Deepak Sharma CEO, Corporate & Investment Banking CEO, Consumer Banking CEO, Global Wealth Management Citigroup Asia Pacific Citigroup Asia Pacific Citigroup Asia Pacific & Middle East 1 Citigroup’s Community giving in asia paCifiC In 2005, Citigroup our presence Citigroup’s community giving in Asia Pacific Citigroup, the world’s largest financial is primarily focused in the following areas: committed more than services company, does business in more than 100 countries. We provide consumers, our priorities US$20 million to support corporations, governments and institutions miCrofinanCe – reducing poverty over 140 community with a broad range of financial products by stimulating the development and services, including consumer banking of microenterprises programs in Asia Pacific and credit, corporate and investment Citigroup is one of the world’s largest banking, securities brokerage and corporate donors to the microfinance wealth management. sector. Over the last five years, the Citigroup Foundation has granted US$26.9 We have been in business in Asia Pacific million to fund microfinance initiatives for 104 years. With more than 20 million in more than 50 countries. In Asia alone, consumer accounts and 50,000 employees we have given more than US$10 million in across 18 countries and territories, we grants since 1997 to support microfinance offer more services and more markets programs. In addition to providing grants, to a greater number of clients than any the Citigroup Microfinance Group has other financial institution in Asia Pacific. commercial relationships with microfinance In addition, 98% of Citigroup employees in institutions around the world, including these countries are local residents. in Asia. strengthening local communities Citigroup’s commitment to the region the Citigroup foundation arises not only from our history and broad Much of Citigroup’s contribution to the presence here, but also from our close community in Asia Pacific is in the form involvement with the communities that of grants from the Citigroup Foundation, Citigroup serves. based in New York. Working together with a global In 2005, Citigroup committed more network of Citigroup colleagues and than US$20 million to support over 140 community partners, the Foundation community programs in Asia Pacific. This supports programs in the areas of amount included: Financial Education, Educating the Next Organized by Citigroup and the Resource Alliance Generation, and Building Communities and funded by the Citigroup Foundation, the Asia • US$8.4 million in grants from the Pacific NGO Awards promote best practices in the and Entrepreneurs. Within those areas, NGO sector. The 2005 winner was Hong Kong’s Citigroup Foundation the Foundation provides grants and Senior Citizen Home Safety Association (SCHSA). technical expertise to organizations Timothy Ma Kam Wah from SCHSA received the that help people improve their lives, award at a prize-giving ceremony in Singapore from • US$11 million that the Citigroup Catherine Weir, Head of ASEAN, Citigroup Corporate Foundation, Citigroup businesses and businesses grow, and communities and Investment Banking and Citigroup Country our employees committed to relief and prosper around the world. Officer for Singapore. reconstruction efforts following the In 2005, the Citigroup Foundation made South Asia tsunami (this excludes a more than 3,000 grants in 84 countries US$1 million grant in December 2004 to a value of US$85.1 million. for immediate disaster relief) Since 2001, the Foundation has made • various contributions made by Citigroup contributions around the world totaling businesses to local charities over US$326 million. 2 finanCial eduCation/literaCy million (including a US$1 million grant in – helping people make more informed December 2004) was committed by the decisions about how to manage Citigroup Foundation and by Citigroup their money businesses and employees toward disaster Citigroup globally has committed US$200 relief and reconstruction activities in the million over 10 years to financial education affected areas. for individuals, families and communities. In 2005, Citigroup Asia Pacific developed and environment – rewarding funded more than 50 financial education environmentally-responsible programs, including financial services entrepreneurship training, to a value of over US$3 million. We contribute to sustainable development More than 1,000 Citigroup volunteers gave in countries such as China and Indonesia by their time to support these programs. awarding grants to programs that support environmentally and socially-responsible Every year, hundreds of eduCating the next generation entrepreneurs. – improving access to quality education Citigroup employees in for young people volunteering – contributing our time, In 2005, we contributed over US$1.6 knowledge and expertise Asia Pacific volunteer million to non-profit organizations in Every year, hundreds of Citigroup thousands of hours to a Asia Pacific to support educational employees in Asia Pacific volunteer initiatives. This included Citigroup thousands of hours to a wide range of wide range of community Foundation grants for programs that community programs. To encourage promote early literacy development or participation in volunteer activities, we give programs improve the quality of learning through each employee a paid day off every year innovative teaching methods. to lend their support to an organization of their choice. When employees give 50 disaster response – supporting or more hours of their time in one year, relief and reconstruction efforts in crisis the Citigroup Foundation also contributes situations US$500 to that organization. In the aftermath of the 2004 South Asia tsunami, for example, more than US$12 In early 2005, tens of thousands of Citigroup employees contributed to tsunami disaster relief efforts by donating money, and participating in fund-raising and volunteer activities, such as this group of Citigroup Malaysia employees who helped Mercy Malaysia and the Malaysian Red Crescent Society to pack and load relief supplies bound for Aceh. 3 miCrofinanCe Since its first microfinance According to the Asian Development Bank, initiatives in more than 50 countries. In some 690 million people in Asia live in Asia alone, we have committed more than grant over 25 years ago, extreme poverty, earning US$1 a day or less. US$10 million in grants since 1997 for They have no access to the basic financial programs that provide wide-scale support Citigroup has become services that the developed world takes for for the microfinance sector. Separately, one of the world’s largest granted, which makes it even harder for the Citigroup Microfinance Group has them to climb out of poverty. commercial relationships with a growing corporate donors to the number of well-managed and sustainable Microfinance has started to fill this gap. microfinance institutions (MFIs) around the microfinance sector The microfinance movement began with world, including in Asia. microcredit,