Citibank’s presence in Egypt dates back to 1955 when it opened its first branch of a U.S. bank in the Middle East. Following the nationalizations of the late 50’s and 60’s, Citibank re-introduced itself in the market in 1975, through its branch in Cairo, with a license to operate in foreign currency. In 1993, Citibank Egypt received its license to operate in local currency, a major milestone, which allowed for the gradual development of a full-blown Corporate and Investment Banking business that caters to corporate customers and financial institutions, providing the full range of Global Transaction Services, Corporate Finance, Treasury, and Asset Based Finance solutions. Additionally, CitiDirect is our online internet-banking solution available to our corporate customers for transaction execution.

Date Added: Mar 13, 2008 Hits: 2 Rating: 0.00 Votes: 0