Founded in 1812, Citibank is consumer banking division of Citigroup, an American financial services corporation. Citibank offers retail and commercial banking products and services in four regions: Asia; Europe, the Middle East and Africa; Latin America; North America.
Citibank, N.A., Sioux Falls, Zurich Branch is the 40th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 12 184,66 mln CHF, providing the bank with the market share of 0.39%. Citibank, N.A., Sioux Falls, Zurich Branch is the 4th largest branches of foreign bank in Switzerland (out of 26 branches of foreign banks) having market share of 16.05% amongst the banks of this category.
Citibank, N.A., Sioux Falls, Zurich Branch participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Citibank, N.A., Sioux Falls, Zurich Branch is located in Zürich.
|Total Assets (2016)|
|12 184.66 mln CHF (+7.37%)|
In 2016 total assets of Citibank, N.A., Sioux Falls, Zurich Branch were 12 184.66 mln CHF. Growth compared to the previous period (2015) was 7.37%. The evolution of the total assets of Citibank, N.A., Sioux Falls, Zurich Branch is shown at Chart 1 below.
Chart 1. Total Assets of Citibank, N.A., Sioux Falls, Zurich Branch.
|Yes (up to 100 000 CHF per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of Citibank, N.A., Sioux Falls, Zurich Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
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, N.A., Sioux Falls, Zurich Branch and its components are shown in the table below.
|Bank BIC Code||CITI|
|Country Code||CH (Switzerland)|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
Citibank, N.A., Sioux Falls, Zurich Branch operates under the brand name Citibank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under Citibank brand name has been recently closed down: