Английская Википедия:Citibank Philippines
Шаблон:Short description Шаблон:Use Philippine English Шаблон:Use mdy dates Шаблон:Infobox company Citibank Philippines was the Philippines branch of Citibank. In July 1902, the International Banking Corporation, a predecessor to Citibank, opened its first branch in Manila. It was the largest commercial bank in the Philippines.
One of its largest investments in the country is the site building in Bonifacio Global City, Taguig.
Overview
Citi’s history in the Philippines dates back to July 1902 when the International Banking Corporation, forerunner of Citibank, established a branch in Manila.
Today, Citi Philippines is the largest foreign bank in the country in terms of asset base. With over 7,000 employees, Citi proudly serves the public sector, top-tier local corporates, multinationals and financial institutions operating in the country.
Citi banks 90% of the top 20 companies in the country by listed market capitalization and settles around US$5bn of transfers daily. Since 2020, the bank has raised over US$10bn for Philippines issuers from global capital markets for both sovereign and corporate issuers. Citi has also been the sole settlement bank of the Philippine Domestic Dollar Transfer System (PDDTS) for the past 30 years.
Citi’s country office is in Citi Plaza in Bonifacio Global City. The 24-story custom-built site showcases Citi’s latest global workplace environments and is one of Citi’s largest investments in office infrastructure in ASEAN. The site was awarded a double Leadership in Energy and Environmental Design (LEED) Platinum certification. Today, it is the largest building in the Philippines to achieve this recognition for its Core and Shell design.
Citi Philippines serves its corporate clients across three business areas: Banking, Markets and Services. These businesses work together to provide innovative solutions to meet the complex needs of corporations, financial institutions, public sector entities and investment managers.
Banking
Citi continues to serve as a trusted advisor, with the Investment Banking and Corporate Banking teams acting as the point of contact for clients across products and geographies. The team helps multinationals grow in the Philippines and local clients expand domestically and around the globe. Citi's capital markets and advisory services are offered through its affiliate Citicorp Capital Philippines Inc.
Markets
Citi also boasts of a best-in-class Markets business that provides market-leading sales and structuring services in foreign exchange, fixed income, commodities and derivatives.
Services
Through the Treasury and Trade Solutions team, Citi delivers the complete and advanced range of cash management and trade solutions in the country, providing customers with services that streamline and automate processes as well as mitigate risks.
Citi’s Securities Services provides a full suite of solutions including custody, clearing, asset servicing, fund administration, ETF services, middle office, agency securities lending, collateral management, transfer agency, and fiduciary services.
Citi Solutions Center
A pioneer in business process outsourcing, the Citi Solutions Center (CSC) in Manila is composed of the Regional Operating Headquarters (ROHQ) and Citigroup Business Process Solutions (CBPS). ROHQ delivers a wide array of financial, technology, and training services among others to Citi affiliates, subsidiaries, and branches to over 90 countries in Asia Pacific, Europe Middle East & Africa, Latin America/Mexico and North America regions. CBPS is the largest offshore voice operations site of Citi, which provides best-in-class customer service, credit, collections and sales services to Citi businesses in Singapore, United Kingdom and North America (NAM).
Citizenship
Citi Foundation's "More than Philanthropy" approach guides Citizenship activities in the Philippines by leveraging the expertise of Citi and its people to promote economic progress and improve the lives of low-income communities. We have invested nearly USD2mn in financial inclusion programs in the country over the past two and a half years, with more than 15,000 people trained in financial literacy as well as entrepreneurship. We are also supporting the Filipino youth in transforming their cities into more sustainable and inclusive places through Citi Foundation’s Pathways to Progress initiative.
Citi Philippines also has one of the most engaged employee volunteers in the world. In 2023, as part of Citi’s Global Community Day initiative, over 3,000 volunteers signed up to participate in 17 in-person and virtual volunteer activities organized in partnership with nine NGO partners. These volunteer opportunities included virtual mentoring sessions for underserved groups, tree planting, park and public school clean-ups, activities with underprivileged children, packing relief goods for victims of natural disasters, and donations to meaningful causes.
Recent Accolades
• • Best International Bank in the Philippines: Asiamoney Best Bank Awards 2023
• • Most Progressive DEI (Diversity, Equity and Inclusion): FinanceAsia Awards 2022-2023
• • Top Companies in the Philippines: LinkedIn Top Companies in the Philippines 2023
• • Best Bank: FinanceAsia Country Awards 2022
• • Best Bank for Sustainable Finance, Best Sustainability Bond, and Best Social Loan: 2022 The Asset Triple A Awards
• • Gold for Excellence in Talent Management, Silver for Excellence in Talent Acquisition, and Silver for Excellence in Women Empowerment: Human Resources Excellence Awards 2022
Exit Philippine consumer banking operations and Merger with UnionBank
In April 2021, Citigroup announced it would exit its consumer and retail banking operations in 13 markets, including Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. However, Citibank Philippines continued its operations until the sale of the bank to the new local owners.[1][2]
On December 23, 2021, Citigroup announced that Citigroup sold the company's consumer and retail banking business in the Philippines to Union Bank of the Philippines (UBP) for ₱ 55 billion, with the former as the surviving entity of the said merger. The transaction included the bank’s credit card, personal loans, wealth management, and retail deposit businesses. The acquisition also included the bank’s real estate assets in Citibank Square in Eastwood, Quezon City, Metro Manila as well as three full service Citibank Philippines branches, five wealth centers and two bank branch lites. The deal also means UnionBank would absorb approximately Citibank Philippines' 1,750 local employees, including those in senior management roles, the deal is expected to close in the second half of 2022.[3][4][5][6][7][8][9]
Services
Through the Treasury and Trade Solutions team, Citi delivers the complete and advanced range of cash management and trade solutions in the country, providing customers with services that streamline and automate processes as well as mitigate risks.
References
External links
Шаблон:Citigroup Шаблон:Banks of the Philippines
- Английская Википедия
- Citigroup
- Banks of the Philippines
- Banks established in 1902
- Companies based in Quezon City
- 1902 establishments in the Philippines
- 2022 disestablishments in the Philippines
- Philippine subsidiaries of foreign companies
- Страницы, где используется шаблон "Навигационная таблица/Телепорт"
- Страницы с телепортом
- Википедия
- Статья из Википедии
- Статья из Английской Википедии
