Citibank Bahrain
 | |
| Company type | Subsidiary |
|---|---|
| Industry |
|
| Founded | 1969 |
Area served | Kingdom of Bahrain |
Key people | Michel Sawaya (CEO 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
[edit]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
[edit]
References
[edit]- ^ "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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