Citibank Philippines
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Founded | July 1902 |
| Headquarters | Taguig , Philippines |
| Products | Institutional banking, Trade and Treasury Solutions, Securities services |
Number of employees | 7000 |
| Parent | Citibank |
Citibank Philippines operates as the Philippine subsidiary of Citibank. Its origins date back to July 1902 when the International Banking Corporation, a forerunner of Citibank, inaugurated its initial branch in Manila. At that time, it stood as the largest commercial bank within the Philippines.
A significant asset of the bank is its property located in Bonifacio Global City, Taguig.
The workforce of Citi Philippines, which includes Citi Solutions Center (CSC) Manila—comprising the Regional Operating Headquarters (ROHQ) and Citigroup Business Process Solutions (CBPS)—numbers approximately 7,000 employees.
Citi Philippines caters to the public sector, leading local corporations, multinational companies, and financial institutions through its Institutional Clients Group.
History
In 2012, the bank introduced an ATM at The Rockwell Center in Manila capable of dispensing both US Dollars and Philippine Pesos—the first dual-currency ATM available in the country. This facility allowed customers to withdraw or conduct transactions up to $3,000 per day.
Withdrawal from consumer banking and integration with UnionBank
In April 2021, Citigroup declared its intention to exit consumer and retail banking operations across 13 markets, including the Philippines. Until the transfer of ownership to new local stakeholders, Citibank Philippines continued its services.
On December 23, 2021, Citigroup finalized the sale of its Philippine consumer and retail banking operations to Union Bank of the Philippines (UBP) for ₱55 billion. The merger positioned UnionBank as the surviving institution. The transaction encompassed credit card portfolios, personal loans, wealth management services, retail deposit accounts; real estate holdings at Citibank Square in Eastwood, Quezon City, Metro Manila; three comprehensive branches; five wealth centers; and two branch lite locations. Around 1,750 employees of Citibank Philippines, including senior leadership, were integrated into UnionBank. The completion of this acquisition was anticipated by late 2022.
Products and services
Trade and Treasury Solutions
Services for Securities
