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This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (July 2008) Citibank Singapore Limited is a division of Citibank N. A. of the United States and incorporated in Singapore on 28 June 2004. It has Qualifying Full Bank status which was awarded to its parent on 20 October 1999, and the QFB status was transferred on the same day of its incorporation. The bank has a shared ATM network with HSBC, RBS, Standard Chartered and Maybank called atm5. The bank's headquarter is located at Millenia Tower. The main branch is at Capital Square at 23 Church Street. With the Qualifying Full Bank status, it can open up to 25 branches with up to 10 can be branches from 1 January 2005. Contents 1 Citibank in Singapore 2 History of Citibank Singapore 3 Industry Milestones by Citibank Singapore Ltd. Global Consumer Group 4 External links Citibank in Singapore Citibank's Global Consumer Banking division began banking operations in Singapore in 1982. Although a relative latecomer to the retail-banking sector, the bank has grown into a formidable market player with major market share in key businesses including unsecured lending, deposits and investments and secured assets. Citibank was among the first four foreign banks to be awarded the Qualifying Full Bank (QFB) license by the Monetary Authority of Singapore (MAS) in 1999. Citibank's Global Consumer Group in Singapore has long been acknowledged in the industry for its people management practices, and has produced some of the country's most outstanding talents[dubious – discuss] in the consumer banking industry. In recognition of its people development practices, the Global Consumer Group in Singapore was awarded the People Developer Standard by SPRING Singapore (Standards, Productivity and Innovation Board) in 2003. This is a national initiative to recognise and award outstanding people[dubious – discuss] management practices in Singapore. In June 2004, Citibank announced its move to incorporate a wholly owned subsidiary of Citigroup in Singapore, known as Citibank Singapore Ltd, with a paid-up capital of S$1.5 billion. This move comes as part of Citibank's strategy to grow its international businesses, and reaffirms the bank's long-term commitment to the Singapore. History of Citibank Singapore Citibank first established its operations in Singapore on 1 July 1902. It was then known as the International Banking Corporation (IBC) and was the first American bank to set up a branch in Singapore. Located at 1 Prince Street, IBC was primarily involved in the trade financing of Malayan rubber and tin exports in the early twentieth century. The rising affluence of consumers in the last 20 years created new opportunities. Committed to helping consumers achieve their financial goals, Citibank established the Consumer Bank in 1982, to cater to the needs of individuals and small businesses. Euromoney Awards: Best Bank in Singapore (2008–2009) Best Bank in Asia (2009) Industry Milestones by Citibank Singapore Ltd. Global Consumer Group 1980s Citibank ATM - First to popularize ATM banking in Singapore. Early 1990s First phone banking service manned 24-hour round the clock by CitiPhone Officers. June 2002 First Qualifying Full Bank (QFB)-licensed bank to offer the Visa global debit service. July 2003 First in Singapore to introduce ‘cash-back’ feature through the Visa platform. Citibank Instant Cash allows customers who hold the International Citicard with the Visa point-of-sale debit feature, to withdraw funds from their Citibank account, when making purchase payments at retail locations. January 1, 2005 First foreign bank to officially establish and incorporate a wholly owned subsidiary in Singapore – Citibank Singapore Ltd. Citibank Singapore Ltd holds a Full Bank License with Qualifying Full Bank privileges and with a paid-up capital of S$1.5 billion. External links Citibank Singapore Citibank IPB Singapore v · d · eCitigroup Brands/companies Banamex · Citibank · Citigold · Citi Private Bank · Egg · Metalmark Capital · Morgan Stanley Smith Barney (Quilter) (49%) · Red Roof Inn Key people Vikram Pandit · Richard Parsons · William R. Rhodes · Lewis B. Kaden  · Al-Waleed bin Talal · John Havens Notable former executives Sir Winfried Bischoff · Michael Bloomberg · Gary Crittenden · Jamie Dimon · Ahmed Fahour · Stanley Fischer · Lewis Glucksman · Thomas W. Jones · Sallie Krawcheck · Victor Menezes · George S. Moore · Samuel Osgood · Joe J. Plumeri · Chuck Prince · John Reed · Robert Rubin · James Stillman Rockefeller · William Rockefeller · Moses Taylor · Sandy Weill · Robert B. Willumstad · Walter Wriston Corporate Directors Michael Armstrong · Alain Belda · George David · Kenneth T. Derr · John M. Deutch · Roberto Hernández Ramírez · Ann Jordan · Klaus Kleinfeld · Andrew N. Liveris · Anne Mulcahy · Richard Parsons · Chuck Prince · Judith Rodin · Robert Rubin · Franklin A. Thomas · Sandy Weill Local entities Argentina · Australia · Canada · China · Hong Kong · India · Indonesia · Japan · Malaysia · Mexico · Philippines · Singapore · Thailand Annual revenue:  US$86.601 billion (2010) · Employees: 260,000 (2010) · Stock Symbol: NYSE: C · Website: citigroup.com · Headquarters: 399 Park Avenue, New York City, New York 10043, United States