History

Citi first established a presence in South Africa in 1958 and re-entered the country with a representative office that was converted to a full branch in July 1995. Since then, we have grown to become the country's largest foreign bank and the sixth largest commercial bank, with capital and reserves representing over one quarter of the capital of all foreign banks operating in the country.

Businesses

We provide a broad range of financial products and services, including corporate finance, cash management, corporate and investment banking and also treasury services such as foreign exchange, derivatives and trade finance to large local corporations and multinationals. Citi Global Markets Pty Ltd is Citi's equities trading arm in South Africa, which commenced business in July 2001 and now commands a healthy market share.

We have three branches in South Africa; Johannesburg, Cape Town and Durban.

We are committed to the economic transformation process in South Africa, which incorporates market opportunities and growing customer segments. We recognize that by embracing a philosophy of Black Economic Empowerment, we have the opportunity to play a significant role in the upliftment of historically disadvantaged communities. Citi has received an A rating on its audited BEE Scorecard from the Financial Sector Charter Council.

Citi's Awards Spotlight

Over the last quarter century, Citi has enjoyed strong momentum in South Africa. The accolades obtained are a testament to that, with the organization winning several industry awards. Notably, Citi earned the EMEA Finance African Banking Award for the Best Foreign Bank in South Africa for eight consecutive years and the Lifetime Achievement Award in 2017. Highlights of our recent honors appear below.

2018 Honors

EMEA Finance

• Best Equity House
• Best Follow-Up Funding in EMEA – Sibanye Gold's US$1 billion offering
• Best Corporate Bond in EMEA – Sibanye Gold's Debut US$1.05 billion issuance
• Best Convertible Bond in Africa – Sibanye's Stillwater's US$ 450 million issuance

African Banking Awards

• Best Foreign Bank in South Africa
• Best Equity House in South Africa

Euromoney

• Africa's Best Bank for Financing
• Africa's Best Bank for Transaction Services

Global Finance World's Best Corporate/Institutional Digital Banks
South Africa (country winner)

Global Finance World's Best Corporate/Institutional Digital Banks
Regional Sub-Category Winners for Citi in Africa:

• Best Online Cash Management
• Best in Mobile Banking
• Best Mobile Banking App Most Innovative Digital Bank

Additionally, Citi Africa has won the following awards in recent years:

• Euromoney, Cash Management Survey 2015 – Best Regional Cash Management Bank for Africa
• Euromoney, Awards for Excellence 2015 – Best Investment Bank in Africa and Best Equity House in Africa
• Global Finance 2015 – Best Institutional Digital Bank in South Africa
• The Banker – Deals of the Year 2013
• Infrastructure and project finance
  Winner: $191m financing of district hospitals for the Ghanaian government
  Mandated lead arrangers: Barclays, Citi, JPMorgan
  
  Securitization
  Winner: Skye Bank $150m future flow securitization, Nigeria
  Bookrunners: Afrexim, Citi, Standard Bank
  
  Equities
  Winner: Lonmin $817m rights issue, South Africa
  Bookrunners: Citi, HSBC, JPMorgan, Standard Bank
• Best bank in Algeria
• Best investment bank in Kenya
• Best foreign bank in Nigeria
• Best foreign investment bank in Nigeria
• Best bank in Zambia
• Best investment bank in Zambia

Public Disclosures