- Citi in the Philippines
Citi's history in the Philippines dates back to July 1902 when the International Banking Corporation, forerunner of Citibank, first established a branch in Manila.
Today, Citibank, N. A. (Philippine Branch) ("Citi Philippines") is the largest foreign commercial bank in the Philippines in terms of assets, revenues and profitability. It provides corporate banking, treasury, transactional banking and consumer banking services.
Citi Philippines' Institutional Clients Group is a recognized leader in arranging and providing financial services for the public sector, top-tier Filipino corporates, multinationals, and financial institutions operating in the country. It offers innovative end-to-end cash management solutions, trade finance and services, securities custody and funds services, corporate banking and advisory services, and the most comprehensive and sophisticated range of treasury products in fixed income, currencies, commodities, and derivatives. It also provides domestic debt and equity underwriting and financial advisory services through its affiliate, Citicorp Capital Philippines, Inc.
Meanwhile, its Global Consumer Banking business includes full-service Citibank branches, offering retail loans and deposits, consumer branch services, and lifestyle convenience products and services such as credit cards and the Citigold Wealth Management banking. Citicorp Financial Services and Insurance Brokerage Philippines, Inc. serves the financial needs of the country's mass affluent consumers with a full range of investments and insurance products and services.
In Asia Pacific, the Philippines serves as a regional hub, offering diverse value-added services through:
- Citigroup Business Process Solutions, which provides Business Process Outsourcing, Customer Sales and Service, and other remote services to various Citi operations in the region and in North America; and
- Citibank Regional Operating Headquarters, under which the following units operate: Citi Shared Services Asia, a global financial and management reporting center and global payment and employee services center supporting over 60 countries in Asia, Europe, Middle East and Africa; Citi Technology Infrastructure; Citi Learning; Asia Pacific Analytics Center, Asia Pacific Credit Risk Management Services, and Centers of Excellence including compliance, expense management, transactional procurement, and events administration.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. For more information, visit www.citigroup.com.
Visit the official bio of Citi CEO, Michael Corbat.
Click here to read about 2013 Citi Philippines Highlights.