{"history":[],"article":{"id":"b42ff3be-2273-4f2f-9a1e-1862a7a3761b","title":"Citibank Singapore","slug":"citibank-singapore","content":":::summary\n![Citibank Singapore](https://upload.wikimedia.org/wikipedia/commons/c/ca/Skyline///of///the///Central///Business///District%2C///Singapore%2C///featuring///Asia///Square///-///20131121.jpg)\n**Name:** Citibank Singapore \n**Image Caption:** The anchor tenant of Tower 1 of [Asia Square](https://bliptext.com/articles/asia-square), on the left of this view of the skyline of the [Downtown Core](https://bliptext.com/articles/downtown-core), is Citibank Singapore \n**Type:** Subsidiary of [Citigroup](https://bliptext.com/articles/citigroup) \n**Area Served:** Singapore
Worldwide (via [Citibank International Personal Bank Singapore](https://bliptext.com/articles/citibank-international-personal-bank-singapore)) \n**Foundation:** 1902 \n**Hq Location:** 8 Marina View
Asia Square
Tower 1, #21-00
Singapore 018960 \n**Industry:** Banking, [financial services](https://bliptext.com/articles/financial-services) \n**Products:** [Credit cards](https://bliptext.com/articles/credit-card)
[Retail banking](https://bliptext.com/articles/retail-banking)
[Commercial banking](https://bliptext.com/articles/commercial-banking)
[Investment banking](https://bliptext.com/articles/investment-banking)
[Private banking](https://bliptext.com/articles/private-banking)
[Financial analysis](https://bliptext.com/articles/financial-analysis)
[E-Brokerage](https://bliptext.com/articles/electronic-trading) \n**Homepage:** http://www.citibank.com.sg
http://www.ipb.citibank.com.sg \n:::\n\n# \n**Citibank [Singapore](https://bliptext.com/articles/singapore) Limited** is a division of [Citibank N.A.](https://bliptext.com/articles/citibank) of the [United States](https://bliptext.com/articles/united-states) and incorporated in [Singapore](https://bliptext.com/articles/singapore) on 28 June 2004.\nIts parent was awarded Qualifying Full Bank (QFB) status on 20 October 1999, and this status was transferred to the Singapore division on the day of its incorporation.\nThe bank has a shared [automated teller machine](https://bliptext.com/articles/automated-teller-machine) (ATM) network with [HSBC](https://bliptext.com/articles/hsbc), [State Bank of India](https://bliptext.com/articles/state-bank-of-india), [Maybank](https://bliptext.com/articles/maybank), [The Royal Bank of Scotland](https://bliptext.com/articles/the-royal-bank-of-scotland), [Bank of China](https://bliptext.com/articles/bank-of-china), and [Standard Chartered Singapore](https://bliptext.com/articles/standard-chartered-singapore) called [atm5](https://bliptext.com/articles/atm5).\nThe bank's headquarters are located at [Asia Square](https://bliptext.com/articles/asia-square).\nThe main branch is at [Capital Square](https://bliptext.com/articles/capital-square) at 23 [Church Street](https://bliptext.com/articles/church-street-singapore).\nWith the QFB status, the bank was entitled to open up to 25 branches, with up to ten from 1 January 2005.\nBack-end operations are concentrated in [Changi Business Park](https://bliptext.com/articles/changi-business-park).\n\n# History\nCitibank established operations in [Singapore](https://bliptext.com/articles/singapore) on 1 July 1902.\nIt was then known as the International Banking Corporation (IBC) and was the first United States bank to set up a branch in Singapore.\nLocated at 1 Prince Street, IBC was primarily involved in the trade financing of Malayan rubber and tin exports in the early 20th century.\nIn the 1980s, Citibank was the first bank in Singapore to popularise the use of [automated teller machines](https://bliptext.com/articles/automated-teller-machine) (ATMs).\nCitibank established its Global Consumer Banking division in 1982 to cater to the needs of individuals and small businesses.\nIn the early 1990s, it created Singapore's first [telephone banking](https://bliptext.com/articles/telephone-banking) service which was staffed 24 hours a day by CitiPhone officers.\nAlthough a relative latecomer to the retail-banking sector, the bank has grown into a formidable market player with a major market share in key businesses including unsecured lending, deposits and investments and secured assets.\nCitibank was among the first four foreign banks to be awarded a Qualifying Full Bank (QFB) licence by the [Monetary Authority of Singapore](https://bliptext.com/articles/monetary-authority-of-singapore) (MAS) in 1999.\nIn June 2002, Citibank was the first QFB-licensed bank in Singapore to offer the [Visa](https://bliptext.com/articles/visa-inc) global debit service, and the following July it was the first in Singapore to introduce a [debit card cashback](https://bliptext.com/articles/debit-card-cashback) scheme through the [Visa](https://bliptext.com/articles/visa-inc) platform.\nCalled Citibank Instant Cash, the scheme allows customers who hold an International Citicard with the Visa [point-of-sale](https://bliptext.com/articles/point-of-sale) debit feature to withdraw funds from their Citibank accounts when making purchase payments at retail locations.\nIn 2019, Citibank had 15 branches across Singapore.\nIn Oct 2024, the bank closed the Jurong East branch, which is its last regular branch in Singapore.\nThis move was to shift the bank's focus towards online banking and targeting its service at high net-wealth clients via its wealth hubs.\n\n# Citibank Singapore\nIn June 2004, Citibank announced that it would be incorporating a wholly owned subsidiary of Citigroup in Singapore, known as Citibank Singapore Limited, with a paid-up capital of [S$](https://bliptext.com/articles/singapore-dollar)1.5 billion.\nThis move, which saw Citibank becoming the first foreign bank to do so, came as part of Citibank's strategy to grow its international businesses and reaffirmed the bank's long-term commitment to the Singapore.\nThe new entity began functioning on 1 January 2005.\n**CitiBusiness Singapore** is a unit of Citibank Singapore Ltd that serves [small and medium enterprises](https://bliptext.com/articles/small-and-medium-enterprises) (SMEs).\nIt was launched in Singapore in 2005.\n# [Citibank Singapore's branch in MacDonald House, which is a national monument | upload.wikimedia.org/wikipedia/commons/2/29/MacDonald///House///2%2C///Jan///06.JPG]\n\n## International Personal Bank\n[Citibank International Personal Bank Singapore](https://bliptext.com/articles/citibank-international-personal-bank-singapore) (IPB), a division of Citibank Singapore Limited, was established to meet the offshore banking needs of individuals residing outside of Singapore.\nCurrently, [Citibank International Personal Bank Singapore](https://bliptext.com/articles/citibank-international-personal-bank-singapore) has one branch in Jurong.\n\n# Citibank Business Singapore\nCitibank Business Singapore has 3 mini branches for Citigold clients, 1 main branch at Jurong East and 37 ATMs islandwide\n\n## Time Line\n2006- CitiBusiness Singapore enhanced its SME offerings by introducing services and products that were traditionally only offered by banks to larger corporations.\n\n## Products and services\nCitibank Business Singapore offers its customers facilities such as [cash management](https://bliptext.com/articles/cash-management), loans, foreign exchange facilities, monetary options to engage in trade, [credit cards](https://bliptext.com/articles/credit-cards) and other value added services.\n\n## Sponsorship and CSR\nAs part of its CSR, CitiBusiness Singapore is the main sponsor for the Singapore Prestige Brand Award (SPBA), which is organised by the Association of Small and Medium Enterprises (ASME) and [Lianhe Zaobao](https://bliptext.com/articles/lianhe-zaobao), a Chinese language newspaper.","current_revision":null,"created_by":"kACnuQmH5k9Nr5VNVEpVeg7XpvUmMctD","created_at":"2025-01-26T06:55:46.443Z","updated_at":"2025-01-26T06:55:46.443Z","search_vector":"'citibank':1 'singapor':2","search_content":" \n \n**Name:** Citibank Singapore \n**Image Caption:** The anchor tenant of Tower 1 of [Asia Square](https://bliptext.com/articles/asia-square), on the left of this view of the skyline of the [Downtown Core](https://bliptext.com/articles/downtown-core), is Citibank Singapore \n**Type:** Subsidiary of [Citigroup](https://bliptext.com/articles/citigroup) \n**Area Served:** Singapore Worldwide (via [Citibank International Personal Bank Singapore](https://bliptext.com/articles/citibank-international-personal-bank-singapore)) \n**Foundation:** 1902 \n**Hq Location:** 8 Marina View Asia Square Tower 1, #21-00 Singapore 018960 \n**Industry:** Banking, [financial services](https://bliptext.com/articles/financial-services) \n**Products:** [Credit cards](https://bliptext.com/articles/credit-card) [Retail banking](https://bliptext.com/articles/retail-banking) [Commercial banking](https://bliptext.com/articles/commercial-banking) [Investment banking](https://bliptext.com/articles/investment-banking) [Private banking](https://bliptext.com/articles/private-banking) [Financial analysis](https://bliptext.com/articles/financial-analysis) [E-Brokerage](https://bliptext.com/articles/electronic-trading) \n**Homepage:** http://www.citibank.com.sg http://www.ipb.citibank.com.sg \n \n\n# \n**Citibank [Singapore](https://bliptext.com/articles/singapore) Limited** is a division of [Citibank N.A.](https://bliptext.com/articles/citibank) of the [United States](https://bliptext.com/articles/united-states) and incorporated in [Singapore](https://bliptext.com/articles/singapore) on 28 June 2004.\nIts parent was awarded Qualifying Full Bank (QFB) status on 20 October 1999, and this status was transferred to the Singapore division on the day of its incorporation.\nThe bank has a shared [automated teller machine](https://bliptext.com/articles/automated-teller-machine) (ATM) network with [HSBC](https://bliptext.com/articles/hsbc), [State Bank of India](https://bliptext.com/articles/state-bank-of-india), [Maybank](https://bliptext.com/articles/maybank), [The Royal Bank of Scotland](https://bliptext.com/articles/the-royal-bank-of-scotland), [Bank of China](https://bliptext.com/articles/bank-of-china), and [Standard Chartered Singapore](https://bliptext.com/articles/standard-chartered-singapore) called [atm5](https://bliptext.com/articles/atm5).\nThe bank's headquarters are located at [Asia Square](https://bliptext.com/articles/asia-square).\nThe main branch is at [Capital Square](https://bliptext.com/articles/capital-square) at 23 [Church Street](https://bliptext.com/articles/church-street-singapore).\nWith the QFB status, the bank was entitled to open up to 25 branches, with up to ten from 1 January 2005.\nBack-end operations are concentrated in [Changi Business Park](https://bliptext.com/articles/changi-business-park).\n\n# History\nCitibank established operations in [Singapore](https://bliptext.com/articles/singapore) on 1 July 1902.\nIt was then known as the International Banking Corporation (IBC) and was the first United States bank to set up a branch in Singapore.\nLocated at 1 Prince Street, IBC was primarily involved in the trade financing of Malayan rubber and tin exports in the early 20th century.\nIn the 1980s, Citibank was the first bank in Singapore to popularise the use of [automated teller machines](https://bliptext.com/articles/automated-teller-machine) (ATMs).\nCitibank established its Global Consumer Banking division in 1982 to cater to the needs of individuals and small businesses.\nIn the early 1990s, it created Singapore's first [telephone banking](https://bliptext.com/articles/telephone-banking) service which was staffed 24 hours a day by CitiPhone officers.\nAlthough a relative latecomer to the retail-banking sector, the bank has grown into a formidable market player with a major market share in key businesses including unsecured lending, deposits and investments and secured assets.\nCitibank was among the first four foreign banks to be awarded a Qualifying Full Bank (QFB) licence by the [Monetary Authority of Singapore](https://bliptext.com/articles/monetary-authority-of-singapore) (MAS) in 1999.\nIn June 2002, Citibank was the first QFB-licensed bank in Singapore to offer the [Visa](https://bliptext.com/articles/visa-inc) global debit service, and the following July it was the first in Singapore to introduce a [debit card cashback](https://bliptext.com/articles/debit-card-cashback) scheme through the [Visa](https://bliptext.com/articles/visa-inc) platform.\nCalled Citibank Instant Cash, the scheme allows customers who hold an International Citicard with the Visa [point-of-sale](https://bliptext.com/articles/point-of-sale) debit feature to withdraw funds from their Citibank accounts when making purchase payments at retail locations.\nIn 2019, Citibank had 15 branches across Singapore.\nIn Oct 2024, the bank closed the Jurong East branch, which is its last regular branch in Singapore.\nThis move was to shift the bank's focus towards online banking and targeting its service at high net-wealth clients via its wealth hubs.\n\n# Citibank Singapore\nIn June 2004, Citibank announced that it would be incorporating a wholly owned subsidiary of Citigroup in Singapore, known as Citibank Singapore Limited, with a paid-up capital of [S$](https://bliptext.com/articles/singapore-dollar)1.5 billion.\nThis move, which saw Citibank becoming the first foreign bank to do so, came as part of Citibank's strategy to grow its international businesses and reaffirmed the bank's long-term commitment to the Singapore.\nThe new entity began functioning on 1 January 2005.\n**CitiBusiness Singapore** is a unit of Citibank Singapore Ltd that serves [small and medium enterprises](https://bliptext.com/articles/small-and-medium-enterprises) (SMEs).\nIt was launched in Singapore in 2005.\n# [Citibank Singapore's branch in MacDonald House, which is a national monument | upload.wikimedia.org/wikipedia/commons/2/29/MacDonald///House///2%2C///Jan///06.JPG]\n\n## International Personal Bank\n[Citibank International Personal Bank Singapore](https://bliptext.com/articles/citibank-international-personal-bank-singapore) (IPB), a division of Citibank Singapore Limited, was established to meet the offshore banking needs of individuals residing outside of Singapore.\nCurrently, [Citibank International Personal Bank Singapore](https://bliptext.com/articles/citibank-international-personal-bank-singapore) has one branch in Jurong.\n\n# Citibank Business Singapore\nCitibank Business Singapore has 3 mini branches for Citigold clients, 1 main branch at Jurong East and 37 ATMs islandwide\n\n## Time Line\n2006- CitiBusiness Singapore enhanced its SME offerings by introducing services and products that were traditionally only offered by banks to larger corporations.\n\n## Products and services\nCitibank Business Singapore offers its customers facilities such as [cash management](https://bliptext.com/articles/cash-management), loans, foreign exchange facilities, monetary options to engage in trade, [credit cards](https://bliptext.com/articles/credit-cards) and other value added services.\n\n## Sponsorship and CSR\nAs part of its CSR, CitiBusiness Singapore is the main sponsor for the Singapore Prestige Brand Award (SPBA), which is organised by the Association of Small and Medium Enterprises (ASME) and [Lianhe Zaobao](https://bliptext.com/articles/lianhe-zaobao), a Chinese language newspaper.","revisionCount":0},"hasMore":false,"nextCursor":null}