Citigroup has been present in Kazakhstan since 1994. With capital exceeding the equivalent of $400 million, today we are one of the leading foreign investors in this dynamic resource-rich market. Citibank Kazakhstan JSC, a subsidiary of Citibank, N.A., is the largest commercial bank in the country by the aggregate volume of payment and foreign exchange client transactions.
High efficiency, a strong balance sheet and advanced transactional platform helped Citi Kazakhstan JSC establish itself as the most reliable corporate bank in the country and become a mainstay for most international corporations operating here. Our team in Kazakhstan consists almost entirely of the country's citizens, and over the years many of our colleagues received developmental assignment at Citi units abroad.
Citi has long-standing and fruitful partnerships with the government of Kazakhstan, the National Bank, and the largest industrial enterprises. Since 2000, we have been involved in attracting debt financing to borrowers and issuers from Kazakhstan for $30 billion. In 2017, Citi took part in the Astana-EXPO and was honored to be mentioned in the opening address of President Nursultan Nazarbayev.
High-quality assets and profitability of the business contributed to a reputation of the "reliable" and "effective" bank in the country (Forbes Kazakhstan). The bank has representative offices in Almaty, Astana, Aktau, Atyrau, Kyzylorda and Temirtau and serves more than 600 corporate clients.