Citibank N.A., Kingdom of Bahrain
TypeSubsidiary of Citigroup
IndustryBanking, financial services
Founded1969 (1969)[1]
HeadquartersCitibank House
Seef district
P.O. Box 548
Kingdom of Bahrain
Area served
Kingdom of Bahrain
Key people
Michel Sawaya
Chief Executive Officer for Bahrain[2]
ProductsCredit cards
Retail banking
Commercial banking
Investment banking
Private banking
Financial analysis
Websitewww.citibank.com.bh
Footnotes / references
[3]

Citibank N.A., Kingdom of Bahrain (Arabic: سيتي بنك) commonly known as Citibank Bahrain,[4] is a franchise subsidiary of Citigroup,[5] a multinational financial services corporation headquartered in New York City, United States. Citi Bahrain is connected by a network spanning 98 markets across the world. Citibank Bahrain also serves as the regional phone support call center for Citibank United Arab Emirates and Bahrain retail banking clients.[6] The markets operations hub for Middle East and North Africa is also based out of Citibank Bahrain.

History

Initially providing commercial banking, the consumer banking arm of Citi Bahrain was launched in 1989.

In 1996, Citi Bahrain became the first international institution to set up a separately capitalized Islamic bank. Citi Islamic Investment Bank ("Citi Islamic"), based in Bahrain. Citi Islamic's offers Islamic financing and investment products and services.[7][8]

With effect from 1 December 2022, Citibank, N.A., Bahrain Branch has transferred ownership of its consumer banking business in Bahrain to Ahli United Bank B.S.C. (Commercial Registration number 46348) ("AUB").[9][10]

Branches

Citibank Bahrain has only one full-service branch in the district of Seef.

Products and services

Citi Bahrain offers consumers and institutions a range of financial products and services, including consumer banking and credit; corporate and investment banking; institutional equity research and sales; foreign exchange, credit cards, commercial banking; and treasury and trade solutions.

See also

References

  1. ↑ "Citibank N.A. Bahrain (Citi Bahrain) - Company Details on ZAWYA MENA Edition". www.zawya.com. Retrieved 2019-01-22.
  2. ↑ Sipra, Adnan (2018-10-18). "CEO Interview: Usman Ahmed". Bloomberg Businessweek Middle East. Archived from the original on 2019-01-19. Retrieved 2019-01-18.
  3. ↑ "Citigroup Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  4. ↑ "General Terms & Conditions - Citibank Bahrain".
  5. ↑ "Citi | Europe, Middle East & Africa | Bahrain".
  6. ↑ Sipra, Adnan (2018-10-18). "CEO Interview: Usman Ahmed". Bloomberg Businessweek Middle East. Archived from the original on 2019-01-19. Retrieved 2019-01-18.
  7. ↑ "About us - Citibank Bahrain".
  8. ↑ "Citi | Europe, Middle East & Africa | Bahrain".
  9. ↑ "Citibank, N.A., Bahrain Branch Consumer Business acquisition by Ahli United Bank B.S.C." www1.citibank.bh.
  10. ↑ "Manama-based Ahli United Bank inks deal to acquire Citi's consumer banking business in Bahrain". Arabian Business.
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