On October 8, 1998, Citicorp (former parent company of Citibank) and Travelers Group merged to become Citigroup
Citigroup services some 200 million individual and corporate customers in more than 100 countries around the world. The new company has unparalleled capacity to serve the financial needs of customers around the world with a broad array of products and services through multiple distribution channels.
Citibank, N.A. and other Citigroup subsidiaries serve more consumer and corporate around the world than other bank. From its beginning in New York in 1812, the company now has more than 3,000 offices in nearly a hundred countries and territories. Its Global Consumer Business provides financial services through some 60 million bankcard accounts around the world and more than a thousand Citibank branches located in over 40 countries. Through its unmatched network of offices, Citibank also serves the funding and transaction service needs of global corporations as well as those of local growth companies in emerging markets.
Citigroup employees around the world, who number more than 255,000 are committed to exceptional performance for customers and investors. Their diverse talents, skills, experience and backgrounds constitute the fundamental resource that sets Citigroup apart from other global enterprises and enables it to provide valued financial products and services to its customers.
To be a global bank...unique in worldwide presence...dedicated to our customers... financially strong...consistent... committed to our staff and its development...delivering sustained superior performance to investors
Unique in being global, operating both locally and collectively around the world in delivering financial services for the benefit of both individual and corporate customers; unique also in spirit.
Dedicated to serving the financial needs of customers. Our success depends upon our importance to them. Customer needs define position, product and service offerings. We seek to build sustained relationships and recognize the importance of continuity of people. We are committed to competitive excellence, delivering customer satisfaction, and investing in the business, people and technology required to meet our customer's needs.
Our balance sheet and earnings should be a source of strength; recognized internally by customers, investors, competitors, rating agencies and regulators. Control, executional excellence and productivity improvements are acknowledged objectives.
Consistent and dependable: in our commitment to our people, with our customers, in the development and execution of our strategy, and in our risk profile.
Staff and its Development
We seek to recruit, develop and retain the most talented people from around the world. We will reward people based on merit, teamwork, results and shared values. We are accountable: we take responsibility for our actions and the exercise of judgment. We treat people with trust, openness and respect, and maintain the highest ethical standards in dealings with customers, the community and each other.
Delivering Sustained Superior Performance to our Investors
Our objective is to achieve superior return on shareholders' equity. We seek the reality and reputation of being well-managed, being consistently sound in our risk-taking judgments, and being seen as one of the most respected financial institutions in the world; a unique, global bank
Citibank in Thailand
Citigroup presence in Thailand dates back to 1969 with a History we are proud of. Today, Citibank provides a full range of financial services encompassing Consumer Banking, Corporate and Investment Banking and Private Banking. Together with our Citigroup Affiliates, we serve more than 600,000 customers and employ more than 1,400 staff in Thailand. Our success and commitment to Thailand are reflected in our size and breadth. As our latest Financial Statements show, Citibank is the largest foreign bank in Thailand as measured by deposits and assets. We are committed to growing with our customers and with Thailand.
Citigroup presence in Thailand began with the establishment of First National City Development Finance Corporation (Thailand) Ltd. in 1969. Ten years later, the company was renamed Citicorp Finance and Securities (Thailand) Ltd. (CFS). The company has spin-off its finance and security business and therefore Citicorp Finance and Securities has changed its name into Citicorp Finance (Thailand) Ltd. since 1 June 2000.
In 1982, Citigroup acquired the Diners Club franchise, including Diners Club (Thailand) Ltd., which was established in 1968 as Thailand's first card services company.
In 1984, Citibank acquired the Thailand branch of Mercantile Bank.
In 1985, Citibank received its own branch license and the Citibank Bangkok Branch was opened on November 1, 1985.
Citicorp Leasing (Thailand) Ltd. was established in1987. The company is engaged in the business of consumer auto finance and corporate equipment leasing.
In 1986, CitiCapital Ltd. was set up to provide investment and venture capital and corporate finance advisory services to start-up companies, existing companies looking to expand and companies planning to go public.
Citicorp Securities (Thailand) Ltd was registered as a limited company under the Civil and Commercial Code on 30 March 2000 before receiving a license to undertake a securities business on 17 August 2000.
Salomon Brothers Asia Pacific Ltd., a member of Salomon Smith Barney, added to the list on October 8, 1998 when its parent company, the Travelers Group Inc., and Citicorp merged to become Citigroup Inc., one of the world largest financial institution. The company was renamed to Citigroup Global Markets Asia Pacific Limited since April 2003.
In Thailand, Citibank provides a wide range of financial services to meet the needs of individuals and businesses:
Global Consumer Banking
Baht Savings Account
US$ Saving Account
Savings Plus Account
Baht Checking Account with an overdraft line
US$ Checking Account without an overdraft line
Regular Time Deposit
Time Deposit with Insurance
Periodic Time Deposit
Rising rate Time Deposit
CitiGold Wealth Management Banking
Citibank in Asia Pacific
In 1902, Citibank was the first U.S. bank to establish operations in Asia with the opening of branches in China, Japan, Singapore, Hong Kong, India and the Philippines.
Today, Citibank has the most extensive presence in the region of any financial institutions with more than 200 branches in 21 countries including: Australia, Bangladesh, Brunei, Guam, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, Nepal, New Zealand, Pakistan, the People's Republic of China, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.