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Canada: Citigroup establishes a new bank

Canada: Citigroup establishes a new bank

By م.زهير الشاعر

Published: July 22, 2022

The American banking giant Citigroup announced the creation of a new bank in Canada called "Citi Commercial Bank" or "C.C.B" as part of its strategy to expand abroad.

Citigroup aims for C.C.B to provide institutional solutions to Citi's clients from medium-sized companies that are growing rapidly worldwide.

Raymond Jutcliff, head of "C.C.B North America," said, "Medium-sized companies are growing rapidly around the world beyond the capabilities of local and regional banks.
 

We are pleased to offer these companies the same capabilities we provide to large companies, designed to meet their specific needs."

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