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1984 - Citibank acquires the Thailand branch of Mercantile Bank. [1] 1985 - Citibank opens its first Citibank Bangkok Branch. 1986 - CitiCapital Ltd. set up to provide investment and venture capital and corporate finance advisory. 1987 – Establishment of Citicorp Leasing (Thailand) Ltd., in the consumer finance business.
In Thailand, the banks are governed by the Bank of Thailand, which was established in 1942. Across Thailand, there are thirty licensed banks which are registered with a further six being state-owned. In total they have a combined assets of 26.268 trillion baht (~ US$835.25 Billion) as of June 2019. [1]
A new promotional video by tech giant Apple has been met with heavy criticism in Thailand, with many social media users claiming it offers an unrealistic, outdated view of the country.
Citibank Singapore Limited is a division of Citibank N.A. of the United States and incorporated in Singapore on 28 June 2004. Its parent was awarded Qualifying Full Bank (QFB) status on 20 October 1999, and this status was transferred to the Singapore division on the day of its incorporation. [ 5 ]
Citibank, N. A. is the primary U.S. banking subsidiary of financial services multinational Citigroup. [4] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. [5] The bank has 2,649 branches in 19 countries. [6] [7] [8] Citibank first opened a branch in Vietnam prior to 1975.
In October 2015, Citibank appointed C R Sambamurthy as the first global head for its International Personal Bank business. [7] In 2016, Citibank launched Total Wealth Advisor (TWA), a goal-based planning tool that tracks and monitors the performance by the success of investments in meeting a client's personal goals. [8]