Citibank_Bahrain

Citibank Bahrain

Citibank Bahrain

American multinational investment bank and financial services corporation

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.

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History

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

References

  1. [1]
    "Citi Bahrain".
  2. [2]
    "EYE ON BAHRAIN". The Wall Street Journal.
  3. [3]
    "Citi Completes Sale of Bahrain Consumer Banking Business Ahli United Bank B.S.C." (Press release). Citigroup. December 1, 2022.
  4. [4]
    Oommen, Anup (5 April 2022). "Manama-based Ahli United Bank inks deal to acquire Citi's consumer banking business in Bahrain". Arabian Business.
  5. [5]
    Podder, Sohini; Yasmin, Mehnaz (April 4, 2022). "Citi to sell Bahrain consumer business to Ahli United Bank". Reuters.
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