Citibank Thailand

History

Citi started operations in Thailand as early as 1967, when it began with a 50% equity stake in the Bangkok First Investment Trust. In 1989 the First National City Finance was initiated. Later in 1984, Citibank Thailand obtained a full banking licence when it acquired the Mercantile Bank. On November 1, 1985, Citibank was formally registered in Thailand.

Company profile

With an employee strength of over 2600, Citibank Thailand has grown to serve more than a million customers countrywide. Their Financial Statements show that Citibank is currently the largest foreign bank in Thailand when measured by deposits and assets.^{[citation needed]} Currently, the head office of Citibank Thailand is located on Sukhumvit Road, and it operates under the name of Citibank, N.A.

Time Line

1982 - Citigroup acquires the Diners Club franchise, including Diners Club (Thailand) Ltd.
1984 - Citibank acquires the Thailand branch of Mercantile Bank.
1985 - Citibank opens its first Citibank Bangkok Branch.
1986 - CitiCapital Ltd. set up to provide investment and venture capital and corporate finance advisory.
1987 – Establishment of Citicorp Leasing (Thailand) Ltd., in the consumer finance business.
. Now operates over 45 branches across Thailand under the Citiadvance brand with a market leadership posisition. 2000 - Citicorp Securities (Thailand) Ltd receives a license to undertake securities business.
2008 - Citi Thailand named the Best Foreign Commercial Bank in the country by FinanceAsia.
2008- Citi Thailand named best Corporate/Institutional Internet Bank and Best Consumer Internet Bank by Global Finance magazine
2008 - Citi Thailand voted best Foreign Cash Management Bank by Asiamoney’s Regional Cash Management Poll
2008 - Citi Thailand named best Corporate/institutional Internet Bank in Thailand by Global Finance
2008 - Best Overall Domestic Cash Management Services for small, medium and large corporations
2008 - Best Overall Cross-Border Cash Management Services for small, medium and large corporations.
2008 - Best International Trade Bank in Thailand.^[1]

Products and services

Citibank Thailand offers services to individual consumers and business houses on investment and private banking. Their major offerings to business houses include foreign exchange, trade finance, cash management, custodian services, lending, securitization, and capital markets.

Key people

Mr. Peter Eliot, Citi Country Officer and Head of Institutional Client Group in Thailand
Mr. Pradeep Pant, Country Head - Consumer Markets Thailand, Citibank, N.A.

Sponsorship and CSR

Citi Thailand follows key priorities of Citi’ s Citizenship namely Microfinance, Environment, Financial Education, Youth Education, Disaster Response and Workplace. From 200-2007, Thailand got grant support from Citi Foundation worth US$ 1,364,008 (approximately 53.5 million baht) contributing to various community development programs. Since 2006, hundreds of employees plus families and friends enthusiastically participated in Citi’s annual “Global Community Day”

External links

• http://www.citibank.co.th/global_docs/citith_home_en.htm

References

1. ^ http://www.newswit.com/enews/2008-08-27/0450-citi-thailand-wins-record-number-of/ Citibank Thailand Awards