Citi Commercial Bank Partners Taiwanese Emerging Corporates to Expand into New Markets Worldwide

May 31, 2023 – Leveraging Citi’s global network of 95 countries and jurisdictions, Citi Commercial Bank Taiwan is closely partnering with local emerging corporate clients – a core client segment – to capture opportunities worldwide.

Emerging corporate companies are rapidly growing and are either born global or are going global in record time. In Taiwan, they include businesses from multiple sectors including technology and communications, consumer goods, retail, healthcare, and manufacturing.

Recognizing the potential for further growth of these companies and the strong appetite for international expansion, Taiwan is one of eight core markets globally for Citi Commercial Bank’s emerging corporates business.

Amit Dhawan, Head of Asia Pacific and International Markets, Emerging Corporates, Citi Commercial Bank, and Interim Head for Citi Commercial Bank Asia Pacific said, “Our clients in Taiwan are increasingly pursuing international opportunities, supported by government-led policies that are helping local enterprises go global. We are partnering our clients to expand beyond borders by delivering Citi’s network and local expertise and our Institutional Clients Group infrastructure to serve their cash, liquidity, and trade financing needs, manage their FX and access capital markets. These capabilities are distinct to Citi where we are offering our commercial banking clients the same capabilities that we have developed for the largest companies in the world.”

This is especially important in the post-pandemic economy where operations have become more complex. Clients are prioritizing the resilience of their business including the diversification of their supply chains and the acceleration of their own digital capabilities.

“As clients pivot their business models to be more digital, we continue to assist them on their digitalization journeys by providing a client experience that leverages our digital capabilities across the bank, making it seamless and simpler for them to bank with us,” added Amit.

Citi has seen increased adoption rates of its digital platforms and services, across online and mobile banking. Citi is committed to providing clients with best-in-class products and services with the help of cutting edge technology, and offering a differentiated and outstanding client experience. To address clients’ needs and preferences, Citi has upgraded its digital banking platform for corporate clients – CitiDirect R online banking and the mobile app.

Citi Commercial Bank serves home-grown emerging corporate champions in Taiwan. Citi is also the largest foreign bank in the market, providing services to over 800 multinationals and more than 100 leading local corporations and financial institutions.

Image by: Taipei Times

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