JSC “Citibank Kazakhstan”, a member of Citigroup, the leading global financial services company, opened its Representative Office in Aktau. The new office is located at Nur Plaza Business Center, 29-a district.

Citibank opened a representative office in Almaty in 1994. In 1998 Citibank Kazakhstan, a 100% subsidiary of Citigroup with a full banking license from the National Bank of Kazakhstan, opened its doors to corporate customers. Today Citibank Kazakhstan is a major lending, transactional and investment bank to Kazakhstani corporations and financial institutions, as well as Kazakhstani subsidiaries and representative offices of leading international companies.

Daniel J.Connelly, Chief Executive Officer of Citibank Kazakhstan said: “Today’s opening of our Representative Office in Aktau is clear evidence of Citi’s strong commitment to this country. Our business in Kazakhstan has grown substantially over the past several years and we are confident that expanding our presence will allow us to participate even more directly in this country’s impressive economic success. Kazakhstan is among the priority emerging markets countries that will drive the future growth and development of Citi. Despite the recent economic stresses that Kazakhstan has faced, Citi remains committed to its long-term strategy and sees tremendous potential in this country. In addition to our branches in Almaty and Astana, we have established our Representative Office in Aktau to be even closer to our clients”.