Citibank Europe Plc

Citibank Europe was founded in 1965 in Ireland and is a part of Citigroup, an American financial services corporation. Citibank Europe provides a broad range of corporate and investment banking products and services, including cash management, derivatives, investor products, corporate finance, trade services, custody, trustee services, fund administration, transfer agency and shareholder services. Citibank Europe Plc operates as a branch of Citibank Europe plc (Ireland).

Citibank Europe Plc participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Citibank Europe Plc is located in SCHIPHOL.

Contacts 
    Address  Schiphol Boulevard 257, 1118 BH, SCHIPHOL, Netherlands
Headquarters  Citibank Europe plc (Ireland)
Bank Category  Branches of foreign banks
Start Date  October 2015
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    BIC (SWIFT)  CITINL2XSEC
    MFI ID  NL495
European Presence  20 banks in 20 countries

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All branches of EEA-banks operating in the Netherlands participate in deposit guarantee schemes of their home countries. This means that Citibank Europe Plc participates in the deposit guarantee scheme of Ireland.

In the case of Citibank Europe Plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  individuals, small companies, partnerships, clubs, associations, schools
Covered Accounts  any credit balance on an account with a bank (for example, current accounts, demand deposit accounts, notice deposit account, certificates of deposit, fixed-term deposit accounts, share accounts in a building society or credit union, deposit element of structured deposits/tracker bonds may also be eligible, credit balances on credit cards issued by credit institutions may also be eligible)
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Ireland

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Citibank Europe Plc and its components are shown in the table below.

BIC  CITINL2XSEC
Bank BIC Code  CITI
Country Code  NL (Netherlands)
Location Code  2X
Branch Code  SEC

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Citibank Europe Plc is shown in the table below.

MFI ID  NL495

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Austria

Belgium

Bulgaria

Czech Republic

Denmark

Finland

France

Greece

Hungary

Ireland

Italy

Luxembourg

Netherlands

  •  (this bank) Citibank Europe Plc (SCHIPHOL)

Norway

Poland

Portugal

Romania

Slovakia

Spain

United Kingdom

Related Information on the Netherlands

  Economy and Banking Sector of the Netherlands

  List of Banks in the Netherlands

Share on Google+