ni Mary Gutierrez Almirañez | April 16, 2021
Labing-tatlong franchise ng Citigroup Incorporation sa Asia at Europe ang isasarado upang magbigay-daan sa ilulunsad nilang bagong marketing strategy, ayon kay Citi Global Chief Executive Officer Ms. Jane Fraser kahapon, Abril 15.
Kilala ang Citigroup o Citibank bilang pinakamalaking credit card issuer sa Singapore na may mahigit 1,900 multinational corporations at tinatayang 2,000 small and medium-sized enterprises.
Batay sa first quarter net income ng Citigroup, sila ay nakapagtala ng US$7.9 billion (S$10.55 billion), na triple ng US$2.5 billion na naitala noong 2020.
Ani Fraser, “While the other 13 markets have excellent businesses, we don’t have the scale we need to compete. We believe our capital, investment dollars and other resources are better deployed against higher returning opportunities in wealth management and our institutional businesses in Asia.”
Kabilang sa isasarado ang mga franchise sa Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, Poland, Russia, Taiwan, Thailand, Vietnam at Pilipinas.
Nilinaw naman ng Citigroup na hindi maaapektuhan ang ilang bansa sa Asia at Europe, partikular na ang ‘four wealth centres’.
Dagdag pa ni Fraser, “We will operate our consumer banking franchise in Asia and EMEA (Europe, the Middle East and Africa) solely from four wealth centres, Singapore, Hong Kong, United Arab Emirates and London. This positions us to capture the strong growth and attractive returns the wealth management business offers through these important hubs.”
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