March 21, 2023

Citi remains large in PH, eyes expansion

Citibank Philippines CEO and Country Officer Paul Favila stated that the Philippines is one of the areas where Citi has the largest footprint, with about 7,000 employees and core clients that include around 950 multinationals and 100 top tier local corporates.

Despite selling its consumer business to UnionBank, Citi remains strong in the country, according to Favila.

He added that CIti is eyeing expansion as it adds more “high value functions” to its service center in the Philippines.

“The strength of Citi has always been in its globality. We are the most global bank,” Favila said.

Favila also highlighted Citi’s global presence in 95 jurisdictions, making it a preferred choice for global customers operating worldwide.