Citibank with Regional Focus

The region which produces 13% of the bank's Latin American utilities is seen by the bank as an economic block.

Monday, March 9, 2009

The Guatemalan newspaper Siglo XXI interviewed the CEO of Citi Guatemala, Juan Miró, who reported that they are currently working on optimizing the IT platform in order to better serve the Central American market.

He said that among the options they want to offer regional clients are: "For them to be able to make local and regional transactions as if were a single Citibank Central America bank. For example, they can view their accounts in the region, make fund transfers from one country to the other and pay credit cards from another country in their country of origin; these are services we are already offering but the idea is to make them better."

More on this topic

Banco Popular de Costa Rica Seeks More Regional Funding

July 2013

Using standardized issuances, the Costa Rican entity intends to raise funds in the financial markets of Nicaragua, El Salvador and Mexico.

The idea "... is to raise funds by issuing securities on the stock exchanges of these countries with the aim being that investors can obtain the funds and channel them into placing loans here," noted an article in Prensalibrecr.com.

Citibank, the new brand

September 2008

El Salvador is the second country to join the Citigroup network in Central America; the plan should be completed in the last quarter of this year and includes Panama.

The full Citibank network started to function fully yesterday and is made up branches that belonged to Cuscatlan Bank and Bank Uno

El Salvador: Merger of Cuscatlan Bank and Banco Uno Bank to be endorsed

August 2008

The Superintendence of the Financial System will announce next week whether or not both entities can begin to operate as Citibank, after their merger.

Citigroup Inc. completed the purchase of the Corporación Unión de Bancos Cuscatlán Internacional (UBCI), owner of Cuscatlan Bank, in May 2007, and in March of the same year it acquired the Financiero Uno Group (GFU).

Securities market regulators seek ways to expand

July 2008

Securities regulators in the Central America-Caribbean region are putting their heads together to see how they can stimulate investment through their public markets.

The Superintendent of Securities from the Dominican Republic, Haivanjoe NG Cortiñas, presented a study which included a compendium of opinions from the securities regulators in Central America and the Dominican Republic about ways to develop their respective markets.

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