Citibank (Malaysia)

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Citibank Berhad
Company typeBerhad, Licensed Banking Institution. [1] [2]
Industry Banking, Financial services
FoundedPresent since July 1959;66 years ago (1959) [3] [4]
Incorporation in 1994;31 years ago (1994) [5]
Headquarters
Past – Medan Pasar
Kuala Lumpur, [6] Current - Menara Citibank, Jalan Ampang, Kuala Lumpur [5] [7]
Key people
Vikram Singh (Chief Executive Officer), Ms. Tang Wan Chee (Company Secretary), Ms. Terri Tan Seat Mooi (Company Secretary)
Products Financial services
Number of employees
4,000 [7]
Parent Citigroup Holdings (Singapore) Ptd. Ltd.
Subsidiaries Citigroup Global Markets Malaysia Sdn BerhadBhd
Citibank Malaysia (L) Limited
Menara Citi Holding Company Sdn Bhderhad (a subsidiary of Citicorp Overseas Investment Corp)
Inverfin Sdn Bhd Citicorp Trade Services (Malaysia) Sdn Bhd
Citigroup Transaction Services (M) Sdn Bhd [3]

Citibank Berhad is a licensed commercial bank [1] operating in Malaysia headquartered in Jalan Ampang, Kuala Lumpur. [2] [7] It operates as a subsidiary of Citigroup Holding (Singapore) Private Limited and began its banking operations in Malaysia in 1959. [8] The bank was locally incorporated in 1994. Citibank Berhad has 11 branches across Kuala Lumpur, Selangor, Penang, Kuantan, Malacca and Johor. [7]

Contents

History

Formerly known as First National City Bank, Citibank opened its first Malaysian branch in Jalan Medan Pasar, Kuala Lumpur with 17 employees in July 1959. [6] Two more branches opened in 1965, another one in Kuala Lumpur and one in Penang. [9]

Citibank Berhad locally incorporated on April 22, 1994 [5] making it the first American Bank to do so. [6]

Consumer and corporate banking operations were brought under one roof at the new headquarters, Citibank Menara, on June 11, 2001. [9]

In 2006, following the lifting of restrictions on foreign banks, Citibank opened branches throughout Malaysia in Bukit Tengah (Penang), Damansara Perdana (Petaling Jaya), Klang, and Puchong (Selangor). [6] [9] In 2009, Citibank opened another four branches in Taipan USJ, Cheras, Melaka, and Kuantan, expanding its branch network to eleven. [10]

On November 1, 2022, Citigroup completed the transfer of Citi Malaysia's retail banking and consumer credit card businesses to UOB Malaysia.

References

  1. 1 2 "Bank Negara Malaysia – List of Licensed Banking Institutions in Malaysia".
  2. 1 2 "Bank Negara Malaysia – Citibank Berhad".
  3. 1 2 "Citi 50 – Developing Global Centres of Excellence". Archived from the original on 23 September 2015. Retrieved 30 June 2015.
  4. ↑ "Careers Overview - Citibank Malaysia".
  5. 1 2 3 "Citibank Berhad Pillar 3 Disclosure June 2014 pdf - Citibank Berhad, Page 3" (PDF).
  6. 1 2 3 4 "A journey of 50 years - Archives - The Star Online".
  7. 1 2 3 4 "Citigroup - About Us, Asia Pacific, Malaysia".
  8. ↑ Global location: Malaysia Archived 13 February 2012 at the Wayback Machine . Citi. Retrieved September 15, 2008.
  9. 1 2 3 "Citi 50 – Track our history here". Archived from the original on 23 September 2015. Retrieved 30 June 2015.
  10. ↑ "Citibank Opens Four New Bank Branches in Taipan USJ, Cheras, Melaka and Kuantan".
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