It is a bank that works especially in the area of banking and insurance. It offers financial services, investment, and private banking, wealth management, and more to corporate, institutional, and high patrimony clients.
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It was created in 1915 when the National Bank of the City of New York decided to expand to Latin America. It was established that year in Rio de Janeiro. Quickly, it opened branches in other cities to expand financial services throughout the country. The bank supported infrastructure construction projects in Brazil. As it is one of the most important banking institutions in that part of the continent, it is continually expanding to offer the best services to all its clients. In 2016, Itaú Unibanco bought the sales operations of Citibank Brazil.
The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: CITIBRBR.
Number of Employees
The bank has approximately 6,500 employees.
The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.
Citibank Brazil has a rating of:
- Moody’s = A3.
- S&P = A.
- Fitch = A+.
A3 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.
A (S&P Global) = The economic situation could affect financing.
A+ (Fitch) = It has great solvency capacity and low risk of default.
The headquarters of the entity is in the city of Sao Paulo, Brazil.
If you want to know more about this bank, enter through its website: http://www.citibank.com.br/.
It offers a wide variety of services in the field of private, commercial, and personal banking to all its clients. It provides cash management products and services (rates, payments, billing), foreign trade, exchange rate, investments, credit, financing, loans, leasing, deposits, payroll, corporate cards, and more.
- Address: Citi Brazil, Avenida Paulista, 1.111, São Paulo – SP, 01311- 920, Brazil
- Phone Number: (55 11) 2109-2484, (55 11) 0800 970 2484