Citibank Philippines
Overview
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
chapter of Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
. Since its establishment in 1902, Citibank Philippines has played a central role in shaping the financial infrastructure and development of the country.
Citibank first started up in the Philippines in 1902, when the International Banking Corporation opened its first branch in Manila. Currently, Citibank is the largest commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in the Philippines.
Citigroup Philippines has 4,200 employees, mainly drawn from the local population.
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