Citibanks is in the final stages of launching credit cards to more than 1 million customers this year, the bank’s board said in a statement on Wednesday.
Citibank will expand its credit cards program to include 1 million to 1.5 million new cardholders by the end of the year, board members said in the statement.
The expansion will enable the bank to expand its portfolio and add new cards to its existing customer base.
Citigroup also said it will add 1.2 million customers by the first quarter of 2018, as the bank continues to roll out the new card offering.
Citi has been pushing the bank expand its customer base since 2017, when it added more than 100,000 new cards in the U.S. in 2017.
The bank is still working to add additional credit card users as it moves to build out the bank-owned network and expand its business.
The company is aiming to add 100,100 new customers by 2020, it said in its statement.
Citicibank has more than 50,000 credit card customers worldwide, with the most recent additions coming in 2017 when it expanded its network to serve customers in Mexico and Mexico City.
The bank’s latest announcement comes just days after a New York Times report said Citigroup is planning to add hundreds of thousands of new customers to its U.K. network by the start of the second quarter of 2019.
The New York-based bank is also in talks to sell its stake in its U-K.
bank to a consortium led by British private equity firm Hargreaves Lansdown.
Citing people familiar with the matter, Reuters reported Citigroup would offer up to $2.3 billion in stock to the consortium.