Citibank N.A., Kingdom of Bahrain ( ar, سيتي بنك) commonly known as Citibank Bahrain, is a franchise subsidiary of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

, a multinational

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

corporation headquartered in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, United States. Citi Bahrain is connected by a network spanning 98 markets across the world. Citibank Bahrain also serves as the regional phone support

call center A call centre ( Commonwealth spelling) or call center (American spelling; see spelling differences) is a managed capability that can be centralised or remote that is used for receiving or transmitting a large volume of enquiries by telephone. ...

for Citibank United Arab Emirates and Bahrain

retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

clients. The markets operations hub for Middle East and North Africa is also based out of Citibank Bahrain.

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 Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics ...

. Citi Islamic Investment Bank ("Citi Islamic"), based in Bahrain. Citi Islamic's offers Islamic financing and investment products and services. With effect from 1 December 2022, Citibank, N.A., Bahrain Branch has transferred ownership of its consumer banking business in Bahrain to Ahli United Bank B.S.C. (Commercial Registration number 46348) ("AUB").

Branches

Citibank Bahrain has only one full-service branch in the district of

Seef Seef ( ar, السيف) is a commercial district in Manama, the capital city of Bahrain. Etymology The word 'seef' means coast or shore in the Gulf Arabic lexicon, similar to 'sahel'. History Seef is a result of active land reclamation work start ...

Products and services

Citi Bahrain offers consumers and institutions a range of financial products and services, including

consumer banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...

and credit; corporate and

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

; institutional equity research and sales; foreign exchange, credit cards, commercial banking; and treasury and trade solutions.

References

External links

Citibank Bahrain website
{{Citigroup , state=autocollapse Citigroup Banks of Bahrain

History

Branches

Products and services

See also

References

External links