Citigroup presence in Thailand dates back to 1969 with a
History we are proud of. Today, Citibank provides a full
range of financial services encompassing Consumer
Banking, Corporate and Investment Banking and Private
Banking. Together with our Citigroup Affiliates, we
serve more than 600,000 customers and employ more than
1,400 staff in Thailand. Our success and commitment to
Thailand are reflected in our size and breadth. As our
latest Financial Statements show, Citibank is the
largest foreign bank in Thailand as measured by deposits
and assets. We are committed to growing with our
customers and with Thailand.
Citigroup presence in Thailand began with the
establishment of First National City Development Finance
Corporation (Thailand) Ltd. in 1969. Ten years later,
the company was renamed Citicorp Finance and Securities
(Thailand) Ltd. (CFS). The company has spin-off its
finance and security business and therefore Citicorp
Finance and Securities has changed its name into
Citicorp Finance (Thailand) Ltd. since 1 June 2000.
In 1982, Citigroup acquired the Diners Club franchise,
including Diners Club (Thailand) Ltd., which was
established in 1968 as Thailand's first card services
In 1984, Citibank acquired the Thailand branch of
In 1985, Citibank received its own branch license and
the Citibank Bangkok Branch was opened on November 1,
Citicorp Leasing (Thailand) Ltd. was established in1987.
The company is engaged in the business of consumer auto
finance and corporate equipment leasing.
In 1986, CitiCapital Ltd. was set up to provide
investment and venture capital and corporate finance
advisory services to start-up companies, existing
companies looking to expand and companies planning to go
Citicorp Securities (Thailand) Ltd was registered as a
limited company under the Civil and Commercial Code on
30 March 2000 before receiving a license to undertake a
securities business on 17 August 2000.
Salomon Brothers Asia Pacific Ltd., a member of Salomon
Smith Barney, added to the list on October 8, 1998 when
its parent company, the Travelers Group Inc., and
Citicorp merged to become Citigroup Inc., one of the
world largest financial institution. The company was
renamed to Citigroup Global Markets Asia Pacific Limited
since April 2003.
In Thailand, Citibank provides a wide range of financial
services to meet the needs of individuals and