Citi expands Commercial Bank in Australia
Citi Commercial Bank is expanding in Australia to provide the bank’s full suite of banking products and services to growing mid-sized, Australian-headquartered companies that operate in both domestic and international markets.
Already operational in 28 markets worldwide, with network support in a further 60 countries, the Commercial Bank expanded in the Australian market in late 2018. The move provides Citi with the opportunity to work with mid-sized companies generating revenue between US$250m-1bn per annum. The Commercial Bank will service a growing segment of the Australian business community that complements Citi’s existing Corporate and Investment Bank.
The products most in-demand are likely to include liquidity and global cash management, online digital hedging platforms, and access to diverse financing options.