Contents tagged with Citibank
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Citibank to close one third of its Russian branches
The subsidiaries of foreign banks are continuing to reduce their presence in Russia. Citibank, a subsidiary of the American Citigroup, plans to close one third of its branches in Russia over the course of 2019, board member and consumer business manager Michael Berner told reporters on Wednesday.
The bank is currently in the top 30 in Russia by assets, and has 22 branches, 12 of them in Moscow.
“In the first quarter we plan to close two branches in Moscow and one in St. Petersburg, and in the …