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Thailand
Citi's presence in Thailand started in 1967 with a 50% equity stake in Bangkok First Investment Trust. Two years later First National City Finance was formed. In 1984, we acquired the Mercantile Bank in Thailand to obtain a full banking license and the Citibank name was formally registered on 1 November 1985. Citi is Thailand's largest and most diversified foreign bank, offering a full range of banking services across consumer, corporate, investment and private banking. Citi's major commercial banking businesses include foreign exchange and treasury, cash management, trade finance, custodian services, lending, securitization, and capital markets. On the consumer side, we are the leader in credit card, Ready Credit (cash product), personal loan and wealth management. Today, Citi serves more than a million customers across its local, international and retail businesses. The bank operates under one branch, located on Sathorn Road under the name Citibank NA. Citi employs close to 2,600 staff, of which 99% are local Thai employees. |
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