Citibank N.A., Kingdom of Bahrain
Company typeSubsidiary of Citigroup
IndustryBanking, financial services
Founded1969; 55 years ago (1969)
Area served
Kingdom of Bahrain
Key people
Michel Sawaya, Chief Executive Officer for Bahrain
Websitewww.citi.com/icg/sa/emea/bahrain/corporate/
Footnotes / references
[1]

Citibank N.A., Kingdom of Bahrain (Arabic: سيتي بنك), commonly known as Citibank Bahrain, is the division of Citigroup that operates in Bahrain. Its operations include corporate banking as well as a call center that services 200,000 clients worldwide.

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.[2]

In December 2022, the consumer business in Bahrain was sold to Ahli United Bank.[3][4][5]

See also

References

  1. ^ "Citi Bahrain".
  2. ^ "EYE ON BAHRAIN". The Wall Street Journal.
  3. ^ "Citi Completes Sale of Bahrain Consumer Banking Business Ahli United Bank B.S.C." (Press release). Citigroup. December 1, 2022.
  4. ^ Oommen, Anup (5 April 2022). "Manama-based Ahli United Bank inks deal to acquire Citi's consumer banking business in Bahrain". Arabian Business.
  5. ^ Podder, Sohini; Yasmin, Mehnaz (April 4, 2022). "Citi to sell Bahrain consumer business to Ahli United Bank". Reuters.

External links

Citigroup
Categories