trending Market Intelligence /marketintelligence/en/news-insights/trending/OEiLw3vUJNtDYE9FsDH3rw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Citi moves to increase lending in certain emerging markets

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Citi moves to increase lending in certain emerging markets

Citigroup Inc.will ramp up lending in emerging markets such as Turkey, the Financial Times reported April 3, citingManolo Falco, head of corporate and investment banking in Europe, the MiddleEast and Africa.

The focus comes as local lenders become less aggressive,Falco said. He clarified Citi was moving — not growing — its EMEA balance sheetto where profit margins are higher.

The FT also notedthe New York-based company has promoted Tom Isaac and Ashu Khullar to EMEAcorporate banking heads. They succeed Zdenek Turek, who, in turn, will leadCitibank Europe Plc.