Results tagged as "Citi History"

  • Postcard from Qatar

    By Carmen Haddad, Citi Country Officer, Qatar February 03, 2016 12:30 PM

    Around the world, Citi Country Officers (CCOs) work to balance the execution of their country business strategy with their responsibilities ensuring the safety and soundness of the Citigroup franchise. Through this blog series, we are pleased to share perspectives from CCOs around the world, as well an insider’s look at the countries and cities where Citi operates.

    Tell Us About Qatar

    Official language: Arabic

    Currency: Qatari Riyal (QAR)

    Population: As of 1 January 2016, the population of Qatar was estimated to be 2,117,848 people. Qatari Nationals number represents a mere 12 percent of the total population in the country.

    Weather: Qatar has a dry, subtropical desert climate, with low annual rainfall and intensely hot and humid summers. Spring and Autumn are the best times to visit Qatar, when temperatures are warm but not hot and the evenings can be pleasantly cool.

    Qatari Cuisine/Best Places to Dine: Qatar’s small size is no obstacle to its multicultural culinary offering a number of fantastic establishments catering international and Middle Eastern cuisines. There are many retreats perched in different cultural and picturesque destinations over Doha, the capital of Qatar.

    Favorite Local Beverage: Coffee is extremely important in Qatari culture. Arabian coffee is of a very high quality and made from a lightly roasted bean spiced with cardamom and either sweetened or served with dates. Fresh fruit and herb cocktails are also very popular and sold by street vendors throughout the country.

    Best Tourist Sites: Souq Waqif (old traditional souk), the Qatar Museum of Islamic Art, and Katara (cultural man-made village) are some of the most famous tourist sites.

    What I Love About Qatar: Qatar has taken a tremendous step-forward in the region to become a major education hub and destination over the past few years. Under the auspices of H.H. Sheikha Moza bint Nasser, the Qatar Foundation has provided a foundation for the development of an education city comprised of various international colleges and universities. This is one of the two main attractions I find in the country, in addition to the eye-catching marina over the blue coast of the Gulf.

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  • Citi Honduras: 50 Years of Supporting Clients, Colleagues and Communities

    By Reina Irene Mejía, Citi Country Officer, Honduras November 13, 2015 01:00 PM

    At Citi Honduras, we believe in perseverance. For the past 50 years, it has enabled us to achieve our goals by tirelessly serving our clients, advancing their interests and helping to connect them with the world. As I reflect on our 50th anniversary in this country, I’m reminded that this milestone is a clear example of how our constant curiosity and innovative approach to problem-solving has successfully turned ambition into achievement for our clients, colleagues and communities.

    On October 1, 1965, Citi established its presence here by purchasing a majority stake in Banco de Honduras. During the financial crisis of the 1980s, many other multinational banks left the country, but Citi adapted our strategies and has continued to thrive here as we recover from the global downturn. As Citi Country Officer and General Manager of Citi Honduras for the past two years, I’m proud of the many innovative ways that we help our clients – 250 of the most important multinational institutions – do business and succeed both here and in markets elsewhere in Latin America and around the world. These organizations include the Multilateral Development Bank, public sector, textile industry, agribusiness, communication services, energy and the Correspondent Bank.

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  • Hello, San Francisco!

    By Brian Hepburn, Division Manager, Northern California and Vicki Joseph, Northern California Regional Manager, Citi Community Development September 28, 2015 02:30 PM

    Citi’s partnership with San Francisco spans more than 100 years, starting in 1900 with Citi’s support of the railway expansion in California. We went on to open our first office in San Francisco in the 1920s to help serve the city’s rapidly growing population and expanding economy. As we launch the City Profiles, dedicated to highlighting Citi’s history in some of our key U.S. markets, we speak with two San Francisco-based Citi leaders to get their perspectives on Citi’s ongoing involvement with San Francisco.

    What is your favorite milestone from Citi’s history in San Francisco, and how do we continue to enable progress in the Bay Area today?

    Brian: One milestone that I am very passionate about is the creation of Citi Ventures in 2010. Based in Palo Alto, Citi Ventures enables us to work hand-in-hand with the tech industry on projects and ventures that have far-reaching impacts and the ultimate potential to transform the financial services industry.

    Another way that we are enabling progress for the Bay Area is through our support of affordable housing. Our work in this area began after the 1906 earthquake in San Francisco and continues to this day. In 2014 alone, we provided over $392 million in loans and investments for affordable housing projects in this area.

    Vicki: The launch of Kindergarten to College (K2C) in 2010 was a key milestone in San Francisco. K2C is the first universal child savings account program in the United States and has become a model that cities across the country aim to replicate. Research has shown that a child with a savings account is up to seven times more likely to enroll in college than a child without an account. So, we partnered with the City and County of San Francisco, as well as the San Francisco Unified School District, to automatically enroll every new Kindergartener in a Citi savings account with a $50 deposit from the City. Families are offered matching contributions and incentives throughout the year. So far, account holders, mostly low- and moderate-income families, have saved more than $1.3 million of their own money. I still get a kick from knowing that each and every September, 4,500 San Francisco new kindergartners are beginning to save for college thanks to our partnership with the City.

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  • Launch of City Profiles for Key U.S. Cities

    By Bill Mills, CEO Citi North America September 22, 2015 10:00 AM

    We at Citi are proud of our 200-year record of supporting progress around the world, including in the United States, the country of our founding and our headquarters.

    We’re not the biggest bank in the U.S. In fact, we’ve tailored the focus of our retail business to some of America’s most dynamic and economically important cities and metro areas. Since our founding in 1812, cities have not just been part of our name – they’re in our DNA, and they are an increasingly important part of our strategy.

    We’re proud of our record of enabling growth and progress in America’s cities. And to showcase what we do, and have done, in some of the country’s most important urban centers, we’ve created a new set of brochures called City Profiles that highlight our long history, deep commitment, and record of impact in these cities.

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  • Citi Turns 200: Banking fosters sustainability

    January 18, 2013 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we have been sharing stories from our rich history here on this blog. The final installment below covers how the bank began to take a leadership role in promoting sustainability and environmental awareness. Read the 37th installment, which explains how the bank supported American communities through job creation, small-business finance, and affordable housing initiatives, here.

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  • Citi Turns 200: Citi supports American communities

    January 04, 2013 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 37th installment below covers how the bank supported American communities through job creation, small-business finance, and affordable housing initiatives. Read the 36th installment which explains how Citi and the Citi Foundation promoted financial inclusion worldwide, here.

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  • Citi Turns 200: Ensuring access for all

    December 21, 2012 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 36th installment below covers how Citi and the Citi Foundation promoted financial inclusion worldwide. Read the 35th installment which explains how the U.S. government supported Citi during the financial crisis, here.

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  • Citi Turns 200: Amid economic turmoil, Citi recapitalizes

    December 14, 2012 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 35th installment below covers how the U.S. government supported Citi during the financial crisis. Read the 34th installment explains how the bank deployed technical and human resources following earthquakes and bush fires, here.

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  • Citi Turns 200: After natural disasters, bank comes to the rescue

    December 07, 2012 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 34th installment below covers how the bank deployed technical and human resources following earthquakes and bush fires. Read the 33rd installment explaining how the bank became a strategic ally in financing overseas sales for aircraft maker, Embraer, here.

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  • Citi Turns 200: Brazilian aerospace giant finds strategic ally

    November 16, 2012 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 33rd installment below covers how the bank became a strategic ally in financing overseas sales for aircraft maker, Embraer. Read the 32nd installment explaining how the bank merged with Banamex, here.

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