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Citibank Bahrain

From Wikipedia, the free encyclopedia

Citibank N.A., Kingdom of Bahrain
Company typeSubsidiary
Industry
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.

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Transcription

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

This page was last edited on 9 February 2024, at 15:40
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