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Citi's digital growth benefiting institutional clients


Citi’s digital growth benefiting institutional clients
23:01 | 09/05/2021
Citi Vietnam was recently named Digital Bank of the Year by The Asset magazine. Interim Vietnam Citi country officer Lai Minh Thuy shared with VIR’s Phu Canh her views on the digital focus of the bank in recent years and the recent announcement on exiting from the consumer bank business in Vietnam.
What is the current competitive situation of the digital banking arena in Vietnam?
Interim Vietnam Citi country officer Lai Minh Thuy
There were 68 million internet users in Vietnam in 2020 and this number is forecasted to grow to 75.7 million by 2023. More than 90 per cent of Vietnamese internet users are connected online primarily through their mobile phones, and services that were previously limited to a few people are now almost universally accessible. ....

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Citi Malaysia's consumer business to operate as normal


KUALA LUMPUR: Citi Malaysia has assured its customers that its consumer business operations and offices will operate as normal following the announcement that Citigroup will shutter its consumer banking business in Malaysia.
Citigroup CEO Jane Fraser announced last week that the banking group will focus its global consumer bank presence in Asia and Europe, Middle East and Africa on global wealth centres, leading to its exit from consumer franchises in 13 markets, including Malaysia.
We would like to convey to all credit card, bank account holders and our customers in investments and loans, that all our existing products and services will continue normally and there will be no change in our high level of service. ....

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Facing call to be banned Malaysia, Citi seeks to assure customers, employees, stakeholders | Malaysia


Wednesday, 21 Apr 2021 12:53 PM MYT
BY KEERTAN AYAMANY
Citi Malaysia leaders said consumer business operations will operate as normal and clients would not experience any deterioration in services. Reuters pic
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KUALA LUMPUR, April 21 Following the decision of its parent Citigroup Inc to leave retail banking in here, Citi Malaysia has promised to keep the best interests of its customers, employees and other stakeholders at heart as it makes the transition.
In a statement today, Citi Malaysia leaders said consumer business operations will operate as normal and clients would not experience any deterioration in service levels. ....

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