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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).
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.
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