Citi hosted an event at the Intercontinental Hotel to celebrate the bank’s 40th anniversary in Jordan. The event was attended by key dignitaries, clients and Citi executives including Jim Cowles, Citi’s CEO in Europe, Middle East and Africa (EMEA), Atiq Ur Rehman, Citi’s CEO for the Middle East and North Africa and Mayank Malik, Citi’s CEO for Jordan and Iraq.
“We have been successful in Jordan thanks to the trust placed in us by our clients and the continuous commitment of our employees,” said Cowles. “We are delighted to commemorate this momentous occasion, and look forward to continuing to support our clients operating here, and in turn the local economy.”
Established in 1974, Citi Jordan is a trusted banking partner, as well as a responsible corporate citizen. Citi was the first financial institution in Jordan to offer electronic banking, and recently introduced a suite of business and financial solutions for mid-sized companies, complementing Citi Jordan’s top-tier local corporate client base.
In addition, Citi has been an active player in the local community with more than 1 million US$ grants extended in the past ten years to NGOs such as Jordan River Foundation and AMIDEAST mainly for the benefit of micro-entrepreneurs.
In 2013, Citi was recognized as the Best Foreign Bank and the Best Foreign Investment Bank by EMEA Finance Magazine as part of its Middle East Banking Awards, while in 2012 Citi was named “Euromoney’s Best Foreign Exchange Bank” in Jordan.
“The 40 year anniversary is a landmark achievement for the bank and is a testament of our continued commitment to offer a full array of key corporate and investment banking services to our clients,” said Mayank Malik. “Jordan is an important market to us and we are proud to be celebrating such an important milestone.”
Citi has been present in the Middle East and North Africa since 1955, and offers full scale corporate and investment banking services in Egypt, UAE, Bahrain, Qatar, Kuwait, Lebanon, Jordan, Tunisia, Morocco, Algeria, Pakistan and Iraq. Citi’s institutional capabilities in the region include Treasury & Trade Solutions, Corporate & Investment Banking, Capital Markets Origination, Global Markets and Islamic Banking.