Citi Bank, Karachi, Pakistan

About Citi Bank Pakistan

• Citi has been operating in Pakistan since 1961 and is one of the leading Corporate and Investment bank of the Country. Since its inception, Citibank N.A., Pakistan’s product excellence and extensive local market knowledge has enabled it to develop seasoned relationships with all stakeholders in the country. It is also an essential partner to the US Government for all US flows to Afghanistan, and is looking to expand its delivery capability for the UN.Citibank N.A. Pakistan has and continues to be recognized as a provider of talent not only within the global Citi network, but also amongst local and regional banks. The alumni have and continue to play an important role in contributing to the country’s financial services sector as well as to the regulatory sphere.Citi’s mission in Pakistan is to be the anchor bank for GSGs in Pakistan, and to provide value-added solutions for GSGs, Public Sector Entities, TTLCs and FI’s.
  
  These include:
  Client segments served by FIG in Pakistan include Commercial Banks, Investment Banks, Leasing and Insurance companies, Fund Managers and Brokerage Houses.

  • Payment Solutions
  • Trade Solutions
  • Be the premier bank for arranging ECA / bilateral agency (e.g. OPIC,FMO, USEXIM) enhanced financing; capital market access for Sovereign and Public Sector entities
  • Provide inward and outward M&A solutions for GSG’s and Emerging Market Champions e.g. currently closing deals for Akzo Nobel and ICTSI.

  Citi’s goal is to maintain a focused ICG only franchise which is recognized as the market leader in FICC, payment solutions; ECA’s / structured products and M&A. The Bank also seeks to remain a franchise with a locally funded balance sheet, no incremental capital requirements with measured revenue growth; consistently delivering 50% + margin / RORC and efficiency ratios of sub 35%.
  
  Some Citi Firsts in Pakistan include:

  • First to issue Eurobonds for a Pakistani borrower
  • First Floating Rate Note for the Government of Pakistan
  • First Receivables Securitization (foreign and local currency)
  • First Derivative Interest Rate Swap / FX Option deal in Pakistan
  • First International Sukuk for the Government of Pakistan and Local Currency Sukuk
  • First Export Credit Agency supported syndicated Local Currency Financing
  • First Multilateral Financing for a local telecom
  • First to execute an Oil Hedge in Pakistan
  • First bank to establish a Cash Management Unit in Pakistan
  • First foreign bank to process worker remittances through its SpeedCash Remittance offering
  • First foreign bank to process worker remittances through its SpeedCash Remittance offering
  • First successfully structured leveraged Management Buyout
  • First to launch the only to-date Euro-Convertible offering in Pakistan

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