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Citi keeps large presence in Philippines, eyes expansion: official

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ABS-CBN News

The Philippines remains among the areas where Citi has the largest footprint, Citi Philippines CEO and Country Officer Paul Favila said on Thursday, roughly 8 months after it sold its consumer business to UnionBank. &quot;This is one of the largest footprints for Citi globally,&quot; Favila said, adding that they are about 7,000 strong.Its core clients include about 950 multinationals and 100 top tier local corporates, he said.&quot;The strength of Citi has always been in its globality. We are the most global bank. From that perspective, it becomes a very obvious choice for all our global customers who want to operate all over the world. We are present on the ground in 95 jurisdictions,&quot; Favila said.He said the group is eyeing expansions in the country as it adds more &quot;high value functions&quot; to its service center located in the Philippines.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/01/22/unionbank-acquires-citi-consumer-business-in-ph">UnionBank completes acquisition of Citi consumer business in PH</a></li>	<li><a href="https://news.abs-cbn.com/business/07/20/22/bsp-approves-unionbank-acquisition-of-citi-ph-consumer-business">BSP approves UnionBank acquisition of Citi consumer business in PH</a></li>	<li><a href="https://news.abs-cbn.com/business/04/08/22/unionbanks-acquisition-of-citi-ph-consumer-banking-business-gets-pcc-nod">Antitrust body OKs UnionBank&#x27;s acquisition of Citi PH consumer banking business</a></li></ul>

The Philippines remains among the areas where Citi has the largest footprint, roughly 8 months after it sold its consumer business to UnionBank.