citibank

Retail Asia15/11/2016

The Indonesian branch of US-based Citibank saw its net profits rise in the third quarter of this year despite the ongoing global economic downturn and sluggish domestic demand. The bank’s net profits surged by 64 percent year-on-year (yoy) to Rp 1.9 trillion (US$142.32 million) during the January-to-September period, according to a statement issued on Sunday. […]

Retail Asia04/06/2016

Samsung has secured the support of Citibank as it readies the release of its mobile payments service in Singapore. Samsung has already won around Singapore’s major banks as it prepares for the launch of its service in Q2.The company is hoping the deal with Citi will give it the edge over rival Apple, which last […]

Retail Asia03/05/2016

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Citi Indonesia recorded Rp633 billion ( US$48 million ) in net profits in the first quarter this year, a 12 percent rise from Rp 567 billion in the same period last year. The profit growth was driven by a 10 percent increase in net interest income, as also reflected in the bank’s total assets as […]

Retail Asia13/02/2016

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In order to follow new MAS regulations. HSBC will transfer its local retail banking and wealth management business, which is currently under the HSBC Singapore Branch, to a locally incorporated subsidiary, HSBC Bank (Singapore) Limited. The transfer of HSBC’s retail banking and wealth management business is expected to take effect on 9 May 2016, subject […]

Retail Asia07/02/2016

Vira-anong Phutrakul was promoted to the post of consumer business manager in November, making her the first local executive to lead Citi Thailand’s consumer-banking business, overseeing functions including credit cards and loans, retail-banking wealth management, e-business and consumer lending. The bank has set itself a challenging growth target of 10-15 per cent in terms of […]

Retail Asia26/12/2015

HONG KONG Banks in Hong Kong are intensifying the battle for young customers key to their future retail profit, offering online perks and mobile banking products in a bid to erode the dominance of HSBC in its Asian stronghold. Like peers around the world, banks operating in Hong Kong including Bank of China Ltd (601988.SS) […]

Retail Asia28/06/2015

Citi has appointed Anand Selvakesari as head of consumer banking for Asia Pacific. Anand will manage all of Citi’s consumer businesses in Asia across the 12 markets that Citi offers retail banking, wealth management, cards and mortgages in the region. Anand will report to Stephen Bird, Citi’s CEO for Global Consumer Banking and also has […]

Retail Asia28/06/2015

Citigroup Inc (C.N) will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year. The U.S. bank’s Asia Pacific chief Stephen Bird in April became the global head of Citi’s consumer bank, […]

Tag: citibank

Citibank Indonesia reaps high profit growth in Q3

Samsung Pay wins Citi support for Singapore launch

Citi Indonesia posts Rp 633 billion profit

HSBC to locally incorporate its Singapore retail operations in May

Citi’s exec sees clear focus on target clients

Battle for young customers heats up in HSBC’s Asia stronghold

Citi appoints Anand Selvakesari as Head of Consumer Banking Asia Pacific

Citigroup combines retail banking and mortgage operations