Citi granted banking licence by QFCRA

DUBAI — Citi announced yesterday that it has been granted a banking licence by the Qatar Financial Centre Regulatory Authority (QFCRA), and will operate in Qatar as a branch of 'Citibank N.A'. from its new premises at the Qatar Financial Centre (QFC).

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Published: Fri 6 Apr 2007, 9:49 AM

Last updated: Sat 4 Apr 2015, 9:03 PM

The licence allows Citi to operate a full-fledged corporate branch, enabling the bank to engage in local and foreign currency corporate banking business.

This announcement came after the appointment in December 2006 of Farhan Mahmood as Citi's Country Head for Qatar.

Citibank N.A. branch in Qatar will be located at the new QFC building in Doha's West Bay area and will offer Citibank's full suite of corporate and investment banking products and services.

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