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Since 1812, we've been privileged to support some of the biggest ideas in modern history.
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Commemorating
the past 200 years. Innovating for the next 200.Roll over the images to discover two centuries of Citi's history. And the history we're working to make right now.
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Citi opens its first branch in Kolkata.
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In 1993, Citi dials in 24x7 phone banking in India.
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Citi introduces India to Credit Cards in 1987.
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Citi brings Suvidha to Indian salary accounts in 1998.
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City Bank of New York was born in 1812, beginning our 200-year history.
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In 1956, National City Bank helped finance the creation of cargo containers.
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In 1948, Citi supported the implementation of the Marshall Plan.
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Citi helped finance the Panama Canal, at the request of Teddy Roosevelt, in 1904.
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In 2011, Citi teamed up with Google and MasterCard TMPayPass® to pioneer Google Wallet.
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In 1866, Citi funded the undersea cable that connected New York and London.
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Citi pioneered the bank of the future with the launch of Citi Smart Banking in 2010.
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Citi was the first U.S. bank to offer compound interest savings to all consumers in 1921.
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In 1995, Citi became a lead lender to a space operations joint venture.
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In 1897, Citi facilitated cross-border cash flows with its foreign exchange department.
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Citi backs the commercial jet airliner in 1958.
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In 1977, Citi pioneered the modern ATM and 24/7 banking.
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Citi has built a
centuries-spanning business on local and international partnership. -
Fueling the global economy:
the supertankerIn 1948 as the world's economy emerged from the war, demand for fuel oil skyrocketed. Moving oil was slow and expensive, so Aristotle Onassis wanted to double the capacity of tankers. He turned to Citi to finance the world's first supertanker. Today these supertankers are moving more resources — and fueling the global economy — all around the world.
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A new bank for New York supports
foreign tradeThe City Bank of New York was formed on June 16th, 1812, after overcoming many obstacles and political maneuverings. Led by Samuel Osgood, a far-sighted elder statesman who believed in expanding trade across borders, the bank let New York compete with Boston, Baltimore and Philadelphia for the nation's business.
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Citi plays a key role in making urban centers more accessible and habitable.
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Conquering Distance and the Seasons:
Cargo ContainersGenerations of us forget that fruits and vegetables have natural growing seasons. In the Northern Hemisphere, Valentine's Day roses are given in February — made possible by efficient transportation of cargo across land and sea. Malcolm McLean, a trucking entrepreneur, envisioned installing racks to anchor truck trailers on cargo ships. Citi teamed up with him to finance the project, which ultimately led to the invention of the cargo container.
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Elevating commerce and travel with the first passenger jet
Making the world smaller is no easy task. But in the 1940s, Citi managed to help do just that – while revolutionizing lending valuation. By considering income-generating potential as a means for credit, Citi was enabled to underwrite for advances like the first passenger jet, forever changing how the world travels.
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Citi creates economic value financial inclusion.
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Supporting small business: Communities at Work Fund
There's a new reason to be hopeful in low-income communities across America. Thanks to Citi's 2010 $200 million investment in the Communities at Work Fund, small businesses are getting loans, new community centers are being developed, and housing units are being renovated. All helping to make the big picture even better for communities around the country.
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Helping nations help themselves:
the Marshall PlanWith over 20 percent of the world's GDP, today's Europe is a pillar of the global economy. But in the aftermath of the Second World War, it was devastated. Citi played an important role in rebuilding it through the Marshall Plan by arranging commercial letters of credit for shipments to countries receiving aid.
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Citi is committed to building more connected and sustainable cities.
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Pioneering the future of urban infrastructure: Citi for Cities
The Citi for CitiesSM initiative is our commitment to help create the urban center of the future, with modernized infrastructure, job creation and enhanced liveability. By partnering with city administrators and applying expertise from around the world to urban ecosystems, we can put the best of Citi to work in your city.
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A man, a plan, a shortcut:
the Panama CanalOne of the greatest engineering feats in human history, the Panama Canal saves 15,000 ships a year an 8,000 mile detour. At the request of President Theodore Roosevelt, Citi played a central part in financing the canal — encouraging international trade and expanding the global economy.
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Citi pioneers access to money.
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The future of banking is in your pocket: Google Wallet TM
In 2011, Citi teamed up with Google and MasterCard PayPass® to pioneer Google Wallet. Google Wallet stores your Citi MasterCard information so you can simply tap your phone wherever PayPass is accepted. It's a step forward in making our vision for mobile payments a reality and part of our drive to become the world's digital bank.
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Banking on your schedule:
the ATMCiti recognized people's growing need to bank outside traditional banking hours, and in 1977 pioneered its first ATM in Queens, N.Y. Today, 90% of the world's population is within a 15-minute walk of an ATM, and "banker's hours" is an archaic term. Citi operates over 26,000 ATMs around the world.
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Citi's global network connects people and commerce across the world.
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Partnering to reshape the future of banking in Africa
Empowering Africans with financial services is a critical step in the continent's development. That's why Citi is working to improve access to banking across Africa. So far, over 100 million people have benefited from partnerships with telecommunications providers. And, we've helped Africa-based NGOs use mobile payment technology for cash-disbursement.
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Telegraphing the future of instant communication: Transatlantic Cable
Three weeks. That's how long it took to deliver a message from New York to London in 1865, assuming there was smooth sailing. That changed a year later with the laying of the Transatlantic Cable, a Citi-funded venture that meant messages could be transmitted between continents in minutes. And what once required crossing an ocean now only took a few keystrokes.
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Citi supports, helps and celebrates innovation around the world.
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Consumer banking gets smarter
The future is here with Citi Smart Banking. It's an integrated experience with workstation access to online banking. Customers can see market information on wall displays and even get customer service via video chat. Citi believes that, in the future, successful banks provide customized value to clients in the simplest way. So that's exactly what we created.
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Innovating across the globe and beyond it: the Space Shuttle
People's exploration into space has awed and inspired for generations. Citi is a lead lender to a joint venture between Citi and the operators of the shuttle launch. It is also the lead arranger to the partnership responsible for the heavy-lift launch vehicles.
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Citi pioneers new ways to bank.
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Setting new standards for digital banking
These days, the word "modern" is synonymous with "mobile" — people are using tablets and devices more than ever before. That's why Citi is creating new ways to engage with our customers while on-the-go. Citibank's mobile app offers an engaging mobile banking experience. And the Citi® News App offers investor information right at your fingertips.
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Offering interest-bearing savings accounts to everyone
Banking was once reserved for the wealthy — the rest of us had mattresses. But to attract new customers, Citi pioneered the concept of paying interest on every saving account, even small ones. In 1921, you could earn compounded interest on balances as small as $5. This encouraged everyone, no matter how modest their income, to open savings accounts.
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Citi explores new ways to serve customers.
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Exploring next-generation computing: Citi and Watson Technologies
At Citi, we know that aiming to be the world's leading digital bank means staying ahead of the curve. That's why we've entered into an agreement with IBM to explore how Watson technologies can help advance customer interactions. By using the deep content analysis and learning capabilities found in IBM Watson, we're on the road to simplified banking services – and more intuitive branch experiences.
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Inventing the modern multinational enterprise: Foreign Exchange Network
In the 1890s, most Chinese citizens were lighting their homes with kerosene lamps. John Rockefeller saw an opportunity to bring oil to foreign shores, but moving money between countries was difficult. Citi created a foreign exchange department, and Rockefeller opened an office in Shanghai. Soon, Citi clients could move money to any industrialized city in 24 hours.
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Citi helps build the foundation for a global network.
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Cutting-edge institutional servicing: the Innovation Lab in Singapore
In Asia Pacific, Citi Transaction Services has innovated a new way to engage with institutional clients: the new Citi Innovation Lab. It uses new web, mobile, supply chain and analytics technologies for a fully interactive globally linked experience. The result? Solutions that may have taken weeks are now being completed in a matter of days or hours.
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Driving international commerce: Citi Transaction Services
CTS is known as the lifeblood of global commerce — it manages financial transactions seamlessly across 96+ countries around the world, 365 days a year. Through CTS, Citi enables 93 percent of Fortune 500 companies to move $3 trillion a day throughout the world — quickly, seamlessly and reliably.
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Citi helps communities and peacekeepers stay focused on the future.
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Finding new and innovative investments: Microfinance
Building on Citi's 40-year history of philanthropic and technical support, Citi Microfinance focuses on developing commercial relationships with microfinance institutions, networks and investors around the globe. The goal? To expand access to financial services for the underbanked and build sustainable economies across the world.
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Enabling peace
Peacekeepers frequently find themselves serving in very unsettled, and sometimes remote, locations. These places are often without banking services, and the difficulty of delivering payroll and vendor payments to such areas can impede the peacekeepers' work in bringing stability. Using our global financial network, Citi has been able to provide payment services in many challenging situations.
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Citi is committed to environmental sustainability across operations.
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Environmental footprint:
Our green goalsThese days, we're all doing what we can to be a little bit greener. At Citi, we also see environmental sustainability as good business practice. That's why we're reducing our total environmental footprint — energy use, fuel consumption, water use and waste — across operations. Because we believe that the city of the future should be a greener place for everyone.
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Building sustainable infrastructure: Climate Change Initiative
Powering the world's cities was once a fairly dirty task. But at Citi, our vision of the future is clean and green. In 2007 Citi set a goal to direct $50 billion over 10 years to activities that mitigate climate change. So far, we've invested in wind-energy initiatives and solar power systems, reducing electricity use and promoting clean technology.
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Citi explores new ways of serving customers.
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Citi changes the conversation.
In 1993, Citi contributed a landmark idea by launching 24x7 Citiphone banking with the objective of making the consumer’s life more simple and convenient. Today, Citi consumers enjoy uninterrupted services, through these enhanced solutions. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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The India innings begin
In 1902, Citi entered India by setting up a trade financing branch in Calcutta. 110 years later, Citi's presence in India now spans 30 cities with 42 branches and over 700 ATM's. It is an employer of choice with over 7600 people and is integrally connected to the trade and capital flows in the region touching 14% of nationwide foreign exchange flows and 5% of trade flows. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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Citi pioneers plastic money and redefines convenience.
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16 digits changed the face of the nation.
Citi played a pioneering role in the exponential growth of credit cards in India and has been the unbeatable leader of plastic. We have not only redefined payment(s) but have also redefined lifestyles. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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Citi changes the conversation.
In 1993, Citi contributed a landmark idea by launching 24x7 Citiphone banking with the objective of making the consumer's life more simple and convenient. Today, Citi consumers enjoy uninterrupted services, through these enhanced solutions. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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Citi lays the foundation for cashless banking.
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Now salary comes with added interest. Time.
In 1998, Citi brought corporate salary accounts to India. We saved our clients one less trip to the bank while India gained a giant stride towards cashless banking. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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16 digits changed the face of the nation.
Citi played a pioneering role in the exponential growth of credit cards in India and has been the unbeatable leader of plastic. We have not only redefined payment(s) but have also redefined lifestyles. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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Citi’s global network connects people and commerce across the world.
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A new bank for New York supports
The City Bank of New York was formed on June 16th, 1812, after overcoming many obstacles and political maneuverings. Led by Samuel Osgood, a far-sighted elder statesman who believed in expanding trade across borders, the bank let New York compete with Boston, Baltimore and Philadelphia for the nation's business.
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Now salary comes with added interest. Time.
In 1998, Citi brought corporate salary accounts to India. We saved our clients one less trip to the bank while India gained a giant stride towards cashless banking. For the past 200 years we've believed in supporting people and ideas that have made the world better. And we plan to do so for the next 200 years.
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