Citibank (Malaysia)
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1959 |
| Headquarters | Kuala Lumpur , Malaysia |
Area served | Malaysia |
| Parent | Citigroup Holding (Singapore) Private Limited |
Citibank Berhad operates as a licensed commercial banking institution in Malaysia, with its main office situated in Jalan Ampang, Kuala Lumpur. Functioning as a subsidiary of Citigroup Holding (Singapore) Private Limited, the bank commenced its Malaysian operations in 1959 and was officially incorporated locally in 1994. It currently serves customers through 11 branches located in Kuala Lumpur, Selangor, Penang, Kuantan, Malacca, and Johor.
History
Originally known as First National City Bank, Citibank launched its inaugural Malaysian branch on Jalan Medan Pasar, Kuala Lumpur, employing 17 staff members in July 1959. The bank expanded with two additional branches in 1965, one situated in Kuala Lumpur and the other in Penang.
On April 22, 1994, Citibank Berhad was incorporated within Malaysia, marking it as the first American bank to achieve local incorporation in the country.
In 2001, both consumer and corporate banking divisions were unified at the newly established Citibank Menara headquarters. Following the relaxation of foreign bank regulations in 2006, Citibank broadened its footprint by opening branches in Bukit Tengah (Penang), Damansara Perdana (Petaling Jaya), Klang, and Puchong (Selangor). By 2009, the branch network expanded to eleven locations including Taipan USJ, Cheras, Melaka, and Kuantan.
On November 1, 2022, Citigroup completed the transfer of Citi Malaysia's retail banking and consumer credit card operations to UOB Malaysia.
