Citibank

CITIbank is a major International Bank , which was founded of 1812 as City Bank of New York. CITIbank has its Headquarter of New York City, and is the third largest bank holding Company of the United States by Total Assets, after Bank of America and J P Morgan. CITI bank operates of more than 100 countries , through 140 Offices, out of whichhalf are of US. CITIbank offers services of respect of Insurance , Credit Cards and Investment Products, and can boast of 15 million users.

In the year 2008-2009 world wide crisis CITIbank sustained huge losses, and had to be bailed out by the Government. CITIbank has since repaid the loans.

CITIbank has a large number of subsidiaries operating of the US as well as Internationally which is of consonance with the size and operation of the CITIbank operations. Besides it ahs a Joint Venture “Mobile Money Ventures” with SK Telecom, and CITIbank has a shareholding of the following:

• Government of Singapore Investment Corpn
• Kuwait Investment Authority
• Abu Dhabi Investment Authority
• Kingdom Holding Company Saudi Arabia.

Citibank Na Details:

IFSC Code of Banks of India