Citibank has denied the withdrawal of the Russian market
. Rumors that he was preparing to sell the retail portfolio are untrue and are speculation, said head of the Directorate for work with private clients of the Bank Mikhail Berner, quoted by the press service of the credit institution.
“We work in the standard mode, market new products and services,” said Berner. He noted that the Bank is among top-10 Russian banks in terms of profitability and steadily increasing the volume of its work in Russia.
He recalled that institutional and corporate customers, Citibank has been working for almost 25 years. “We are an important Bank in the Russian banking system. Russia is a key market for Citi, where the Bank is highest at the country level, reliability ratings,” said Berner, adding that since 2002, when we opened the retail business, the strategy remains unchanged. Media: Citibank is preparing for the withdrawal of the Russian market
“Today we operate in 8 major cities of Russia with main focus on Moscow and Saint Petersburg. The middle class is our main segment is about 80% of our clients”, – said the Manager.
Earlier today the newspaper “Kommersant” with reference to sources reported that over the past two years, the number of clients has decreased by 40%, and the number of units of the structure — twice. According to the newspaper, the Bank is gradually emerging from the retail service of the middle class. These actions the Bank aims to when you need to quickly and painlessly turn the business on the territory of Russia, claimed the newspaper.