 | |
| Company type | Subsidiary |
|---|---|
| Industry |
|
| Founded | 1969 |
Area served | Kingdom of Bahrain |
Key people | Michel Sawaya, Chief Executive Officer for Bahrain |
| Website |
www |
| 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
- ^ "Citi Bahrain".
- ^ "EYE ON BAHRAIN". The Wall Street Journal.
- ^ "Citi Completes Sale of Bahrain Consumer Banking Business Ahli United Bank B.S.C." (Press release). Citigroup. December 1, 2022.
- ^ Oommen, Anup (5 April 2022). "Manama-based Ahli United Bank inks deal to acquire Citi's consumer banking business in Bahrain". Arabian Business.
- ^ Podder, Sohini; Yasmin, Mehnaz (April 4, 2022). "Citi to sell Bahrain consumer business to Ahli United Bank". Reuters.
External links
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