Citibank (Malaysia)

Citibank Berhad is a licensed commercial bank[1] operating in Malaysia headquartered in Jalan Ampang, Kuala Lumpur.[2][7] It operates as a subsidiary of Citigroup Holding (Singapore) Private Limited and began its banking operations in Malaysia in 1959.[8] The bank was locally incorporated in 1994. Citibank Berhad has 11 branches across Kuala Lumpur, Selangor, Penang, Kuantan, Malacca and Johor.[7]

History

Formerly known as First National City Bank, Citibank opened its first Malaysian branch in Jalan Medan Pasar, Kuala Lumpur with 17 employees in July 1959.[6] Two more branches opened in 1965, another one in Kuala Lumpur and one in Penang.[9]

Citibank Berhad locally incorporated on April 22, 1994[5] making it the first American Bank to do so.[6]

Consumer and corporate banking operations were brought under one roof at the new headquarters, Citibank Menara, on June 11, 2001.[9]

In 2006, following the lifting of restrictions on foreign banks, Citibank opened branches throughout Malaysia in Bukit Tengah (Penang), Damansara Perdana (Petaling Jaya), Klang, and Puchong (Selangor).[6][9] In 2009, Citibank opened another four branches in Taipan USJ, Cheras, Melaka, and Kuantan, expanding its branch network to eleven.[10]

On November 1, 2022, Citigroup completed the transfer of Citi Malaysia's retail banking and consumer credit card businesses to UOB Malaysia.

External links

• Company Overview of Citibank Berhad, bloomberg.com