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Citi, the leading global financial-services organization, features roughly 200 million buyer reports, does company in more than 160 countries and jurisdictions, and it is one of the better capitalized banking institutions on the planet. Every one of Citi's resources tend to be lined up to meet up with client requirements through its universal bank model โ€“ a worldwide lender for consumers, corporations, governments and institutions. Citi is directly placed to leverage its special global breadth of best-in-class economic services, while preserving being able to serve local markets in the fastest-growing areas of the planet.

In Latin The united states, Citi has actually gained a prominent place in financial-services industry since 1904, with regards to started operations in Panama, through International Banking Corporation. In 1914, Citi unsealed its very first international branch in Buenos Aires, Argentina, also establishing the initial foreign-established part of every nationwide chartered U.S. Bank and, right after, launched another in Rio de Janeiro, Brazil. In 2001, Citi's Latin-American team grew using the integration of Banamex, Mexico's leading financial institution since 1884.

In reality, Citi has the broadest presence of every financial institution in the region, with operations in 24 countries throughout Latin America. Citi's geographic protection covers across: Argentina, Bahamas, Barbados, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Trinidad and Tobago, Uruguay and Venezuela.

Citi at this time operates nearly 2, 600 retail bank branches and point of product sales โ€“ including combined endeavors โ€“ in Latin America, offering above 26 million retail consumers records. Citi in addition maintains a leading place in corporate financial and a growing consumer-banking presence with strong customer recognition and brand commitment. Our notable GTS business in Latin The united states and Mexico, with $34 billion in build up and $638 billion in possessions under custody, aids 25 different currencies for repayments into the nations we provide.

With over $93 billion in regional client assets, Citi Wealth Management is just one of the largest providers of monetary and investments solutions in Latin America, with services supplied through Citi Private Bank, Banamex Banca Patrimonial, Citigold professional customer and Citigold Overseas, among various other company outlines.

Since 2004, Citi Latin America has actually implemented a technique predicated on growth in its key areas, furthering its existence in your community through a mixture of direct opportunities with its community, strategic partnerships and purchases.

From 2004-10, the Latin-American franchise added nearly 900 brand-new limbs, including combined ventures, plus than eight million new clients. We now have published consistent development in loans, build up and possessions under management. Annualized net income through 2010 has actually more than tripled from 2002, the first 12 months after Banamex's integration.

Citi's primary business outlines are Consumer Banking, Credit Cards, Wealth Management, international Transaction providers and Capital Markets and Banking, commanding management in capital marketplace functions, including syndicated financial loans, worldwide financial obligation dilemmas, neighborhood financial obligation, and launched mergers and acquisitions.

Citi Latin America, including Mexico's Banamex, makes total personal investments between 2008 and 2010 of greater than US $32.5 million, mostly in the industries of microfinance and micro-entrepreneurship, plus economic knowledge, to enable the financial empowerment greater than 625, 000 beneficiaries. Furthermore, investments for US $9 million have already been aiimed at the conservation of Latin-American social patrimony, personal development and ecology.

Source: www.citigroup.com
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