The bank's base camp is situated at Asia Square. The primary branch is at Capital Square at 23 Church Street. With the QFB status, the bank was qualified to open up to 25 branches, with up to ten from 1 January 2005. Back-end tasks are packed in Changi Business Park.
Citibank set up tasks in Singapore on 1 July 1902. It was then known as the International Banking Corporation (IBC) and was the principal United States bank to set up a branch in Singapore. Situated at 1 Prince Street, IBC was basically associated with the exchange financing of Malayan elastic and tin sends out in the mid-twentieth century.
During the 1980s, Citibank was the primary bank in Singapore to advance the utilization of mechanized teller machines (ATMs). Citibank built up its Global Consumer Banking division in 1982 to take into account the requirements of people and independent companies. In the mid-1990s, it made Singapore's first phone banking administration which was kept an eye on 24 hours by CitiPhone officials.
Albeit a relative maverick to the retail-banking division, the bank has developed into an impressive market player with a significant piece of the overall industry in key organizations including unbound loaning, stores, and ventures and made sure about resources. Citibank was among the initial four outside banks to be granted a Qualifying Full Bank (QFB) permit by the Monetary Authority of Singapore (MAS) in 1999.
In June 2002 Citibank was the first QFB-authorized bank in Singapore to offer the Visa worldwide charge administration, and the next July it was the first in Singapore to present a plastic cashback plot through the Visa stage. Called Citibank Instant Cash, the plan permits clients who hold an International Citicard with the Visa retail location charge highlight to pull back assets from their Citibank accounts when making buy installments at retail stores.
In June 2004, Citibank reported that it would consolidate an entirely claimed auxiliary of Citigroup in Singapore, known as Citibank Singapore Limited, with a settled up capital of S$1.5 billion. This move, which saw Citibank turning into the principal remote bank to do as such, came as a feature of Citibank's methodology to develop its universal organizations and reaffirmed the bank's long haul pledge to Singapore. The new element started working on 1 January 2005.
Go to our homepage to find other shops around you.