Citibank celebrates four decades of continuous presence in Egypt

Citi Group hosted Sunday an event at the Four Seasons Hotel Cairo at Nile Plaza to celebrate the bank’s 40th anniversary in Egypt.

The event was attended by key dignitaries, clients and Citi executives including Jim Cowles, Citi’s CEO in Europe, Middle East and Africa , Atiq Rehman, Citi’s CEO for the Middle East and Africa Region, and Nadir Shaikh, Citi’s Country Officer for Egypt.

“This anniversary marks our longstanding commitment to Egypt, which sits at the core of Citi’s MENA strategy,” said Cowles. “We have been successful in Egypt thanks to the trust placed in us by our clients and the continuous commitment of our employees, and we look forward to strengthening our partnership with our clients in the future,” Cowles added.

With a continuous presence in Egypt since 1975, Citi has been actively involved in major local financings and has facilitated key capital market transactions on behalf of institutional clients. In addition, the bank serves multinationals and global investor clients active in the Egyptian market, and fully supports their banking, investment and credit requirements.

“The 40-year anniversary is a testament to our continued commitment in delivering value for clients and offering a full array of corporate and investment banking services,” said Nadir Shaikh. “Egypt remains an important market for Citi, and we are proud to be celebrating such an important milestone,” he added.

In addition, Citi has been an active player in the local Egyptian community with a particular interest in supporting financial literacy, education, microfinance and community development with more than 500,000 USD grants extended in the past few years to NGOs such as Injaz Al-Arab and Endeavor. Recently, Citi Egypt allocated EGP 1 million pounds for the Helwan Slum Project as part of the Federation of Egyptian Banks initiative to develop communities across Egypt.

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, Iraq and Pakistan. Citi’s institutional capabilities in the region include Treasury & Trade Solutions, Corporate & Investment Banking, Capital Markets Origination, Global Markets and Islamic Banking.

Source: AMEinfo