Retail arm withdrawal plans hit road blocks for Citigroup
November 03, 2021 | 16:24
Despite announcing plans to pull out of the consumer banking business in 13 nations, including Vietnam, earlier this year, US-based financial group Citigroup has been unable to ensure that all of its divestiture plans would yield the desired conclusion with a perfect partner.
Citi Vietnam donates 14 ICU beds to Thong Nhat Hospital to support COVID-19 treatment
September 27, 2021 | 00:00
Citi Vietnam contributed nearly $50,000 in the form of medical equipment to Thong Nhat Hospital to facilitate the fight against the COVID-19 pandemic.
Citi report flags Asia to play leading role in building a sustainable future
July 20, 2021 | 12:37
A new report from Citi revealed that more clients are embracing different areas of finance to meet their environmental, social and governance (ESG) goals.
Will Kasikornbank purchase Citibank’s retail business arm?
May 17, 2021 | 17:47
Kasikornbank is said to be a bidder to purchase Citibank’s retail business to enhance its wealth management, consumer lending, and credit card operations.
Citigroup in retreat from retail banking
April 28, 2021 | 08:00
Facing challenges from local rivals, some foreign financial institutions have withdrawn their retail banking businesses in Asian markets, including in Vietnam, and placed their priority on institutional customers.
Citigroup to withdraw retail banking division from 13 markets, including Vietnam
April 16, 2021 | 20:57
Citigroup has announced that it would withdraw its retail banking division from 13 markets in Asia, Europe, the Middle East, and Africa, including Vietnam.
Citi's commitment to net zero by 2050
March 13, 2021 | 11:22
Citi believes that global financial institutions have the opportunity and the responsibility to lead the transition to a net-zero global economy.
Citi selected as financial advisor to Gavi
January 05, 2021 | 16:07
The mandate for the multi-billion dollar COVAX Facility demonstrates Citi’s continued commitment to pandemic relief.
US fines Citibank $400 mn for poor risk management practices
October 08, 2020 | 10:28
US authorities fined Citibank $400 million over deficiencies in risk management practices and required an overhaul of internal controls at the global financial powerhouse, officials announced Wednesday.
Corporate bond bonanza shaking up local market
September 09, 2020 | 08:00
Despite lingering risks, fears of an economic downturn, and low interest rates, there has been a windfall of corporate bonds issuance, with property providers and financial institutions the most active.
PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants
June 16, 2020 | 15:22
PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants with a combined capacity of between 1,300 to 1,760MW.
Vietjet secures longer repayment timeline on aircraft loan
April 18, 2020 | 16:19
Vietjet has announced reaching an agreement with lenders HSBC, Citibank, and the World Bank to delay the repayment of its loans.
Foreign banks to arrange funds for LNG-fired power plants
February 17, 2020 | 11:51
PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
Eximbank receives international STP award from Citibank
April 26, 2019 | 10:14
Eximbank was honoured with the Excellent International Straight-Through Payment Award by Citibank.
Citi launches biometric authentication for institutional clients in Vietnam
April 20, 2019 | 09:06
Institutional clients of Citi in Vietnam and across selected markets in the region can now use fingerprint or facial recognition to access Citi’s institutional banking platform on mobile.
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