About Us

Citibank Europe plc, organizační složka

Citibank Europe plc, company established and existing under the Irish law, registered seat at Dublin, North Wall Quay 1, Ireland, registered in the Register of Companies in the Republic of Ireland, under the number 132781, conducting its business in the Czech Republic through Citibank Europe plc, organizační složka, registered seat at Prague 5, Bucharova 2641/14, Postal Code 158 02, Reg. No. 28198131, registered in the Commercial Register with the Municipal Court in Prague, Section A, Insert 59288

With effect as of January 1, 2008, the company Citibank a.s. (wholly owned subsidiary of Citibank Overseas Investment Corporation) converted into a branch of Citibank Europe plc based in Ireland.   From this date, our new name is changed to “Citibank Europe plc, organizační složka.“  Historically, Citi’s successful presence in Ireland, under various legal forms,  is dated back to 1965.  In 2001, Citi was granted a banking license for its Citibank Ireland Financial Services plc to engage in a full range of banking services.   Moody’s Investors Services has assigned to Citibank Ireland Financial Services plc  a long term deposit rating  of Aa1 and a short term deposit rating of Prime-1.   In July 2006, Citibank Ireland Financial Services plc was renamed Citibank Europe plc.
The branch conversion is part of a global initiative within Citi to rationalize the legal structure in many countries where it operates.  A new and enhanced legal vehicle has thus been established with  all-European presence.   The resulting enhanced capital base and higher level of liquidity will enable us to better serve our local clients and grow faster and more efficiently in the Czech market.
The Czech branch  of Citibank Europe plc will continue to be supervised by the Czech National Bank  in accordance with Czech legislation.  In addition, we will be primarily supervised by the Central Bank of Ireland which supervises the entire Citibank Europe plc and its branches.

In carrying out our business,  we further continue in and build on Citibank a.s.‘ successful, 16-year long presence in the Czech Republic.  Over those years, we have achieved a number of accomplishments.   To date, we have opened eleven branches and employ almost 1,000 people.   At our disposal is a very strong know-how.  We identify and further professionally train the best experts.  We co-operate with the largest companies in the Czech Republic to which we  provide our best-in-class services and products as well as customized financial solutions  as far as  their structure and expeditiousness of delivery is concerned.  In this sector, our bank achieved a leading position in a number of product areas such as treasury, cash management, custody or loan products.   For example, our bank managed what appears to be  the largest transaction  in Central and Eastern Europe so far, a syndicated loan of EUR 1.1 million for OKD, a member of NWR Group.   Other  important transactions included a syndicated loan of EUR 550 million for Zentiva and a syndicated loan of EUR 150 million for the company Pegas.    In the area of debt securities, we  issued a 5-year  Eurobond  in the amount of EUR 550 million for CEZ,  a High Yield Bond for the company NWR in the amount of EUR300 million and a 10-year bond in the amount of CZK 2 billion for Severomoravské vodovody a kanalizace Ostrava.  We also financed the sale of a majority stake in Cedok Travel Agency to the American Odien financial company.

CitiBusiness, a division dedicated to serve the needs of Small and Medium-sized Enterprise segment (SME) was launched in 1999.   From 2001, we have dynamically developed our retail banking division.  Thanks to Citi’s extensive global experience in this area, today we are able to offer a complete offering of consumer banking products such as debit cards and, especially, the very dynamically growing credit cards, both our own as well as co-branded ones that are issued  in partnership with the companies Shell, CSA or O2.  In addition, our retail products offering also includes provision of personal loans, intermediation of investments to mutual funds,  structured investment products  or  CitiGold, the private banking services for affluent clientele.   For them, we have recently opened our first CitiGold dedicated center on Prague’s Na Příkopech Street  that offers to clients the over-the-standard level of service,  comfort and  privacy.    Namely appreciated by our customers  is high expeditiousness, simplicity and dexterity upon attending to our products and services, when most of the matters that need to be done can be comfortably arranged for over the Internet, telephone or by email. 

Thanks to our strong position in corporate banking and SME segment and the rapidly expanding consumer banking business and, in addition, now as a branch of Citibank Europe plc., wherein we thus participate in total consolidated equity in the amount of EUR1.6 billion,   we are able to offer a complete array of banking products and services  to a wide spectrum of clients, including large corporations, their partners in the SME sector or private individuals.

We are a member of  Citi, one of the world’s largest financial services groups.  Citi was established in 1812 in New York  under the name of First National City Bank   and by 1890 had already become the largest American bank.  Citi operates in more than 100 countries around the globe,  employs almost 300,000 people and provides its banking, credit, investment and other services to more than  200 million individual and corporate clients.  For more information about our long and illustrious history please go to:  http://www.citigroup.com/ .

Our primary aim at Citi is to provide our clients with the highest quality products and services.  The necessary precondition for achieving this goal are our employees and financial consultants, who are well-trained professionals, capable of giving qualified answers to your enquiries at any time and who can recommend specific solution that will fully meet your financial needs.  Any and all information and data that clients disclose to the bank is deemed  highly confidential, is kept in absolute secrecy and, is handled  in such a manner that is in full compliance with all relevant legal regulations  protecting clients’ interest and privacy.

As a bank operating in the Czech market  we are firmly committed to the Czech Republic and to the local community in the sense of being and acting as a good corporate citizen.  This approach can be attested to by a wide specter of our long-term sponsoring,  philanthropic and socially responsible initiatives.  The principles of good corporate citizenship are integrated into our decision-making processes.  In our everyday decision-making we fulfil and meet the expectations that the public has of any responsible and  successful company that is doing business in the Czech Republic.

In achieving this goal, we are greatly assisted by our employees themselves, who not only participate each year in Citi’s global initiative called Global Community Day within which, through voluntary work for the benefit of non-profit organizations, they improve the quality of life in communities where we live and work, but, in addition, they also make financial contributions to the Employee Charitable Fund that gives financial support to additional charitable projects prepared by selected non-profit institutions and organizations.

Our plans for further development and growth in the Czech Republic are based on the main principles of our well-tried way by which we carry out our business as we bring together our global financial strenght and know-how with our good knowledge of  local economy.  This “glocal“  principle represents a big competitive advantage which we intend to further build on.  We want all of our clients, either corporate or retail and, regardless whether  affluent or “standard,“ to enjoy increasingly larger benefit from the fact that they are banking with a large and financially strong banking institution the priority of which is to offer the highest-quality products and services.

Thanks to our global presence  we also have the edge on our competitors as far as security of our technologies is concerned because  our procedures and systems are tested and improved through our wide-range experience and skills gained in more than 100 countries and banking markets worldwide.   We have taken the attitude of standing  on the side with our clients.  We carefully review and listen to their views and  raised comments  and, each potential complaint is analyzed in detail.    We evaluate and assess the products that we offer not only from the point of view of their profitability and cost efficiency, but, also from the point of view of respective benefits and advantages that they bring to the client alone. 
Furthermore, we also cooperate with organizations that deal with consumers protection.   Our latest initiative in this area is our growing involvement in the system of educating the public about the issues and risks of personal indebtedness and general financial education in conjunction with the Czech Association of Civic Advisory Centers.