Citibank set to open office in Regus Building on Waterloo Street

(Kaieteur News) – U.S-based Citibank is set to open a representative office at Regus building on Waterloo Street Georgetown- a move which the bank said reinforces its strong commitment to supporting Guyana’s dynamic and rapidly expanding economy.

Citi Group back in May had announced that it had received regulatory approval from the Bank of Guyana for Citibank, N.A. to establish a representative office in Georgetown. This strategic establishment reinforces Citi’s strong commitment to supporting Guyana’s dynamic and rapidly expanding economy, the bank had said. It noted that the expansion “of our unparalleled global network marks a milestone for Citi. An on-the-ground presence enables a strong understanding of local business dynamics, the culture, the regulations, and how to help clients navigate any environment. This allows us to provide unique solutions to global clients looking to invest in Guyana, and support the ambitions of Guyanese clients growing abroad.”

The bank said too that the decision to establish a presence in Guyana is driven by the nation’s robust economic growth, particularly in critical areas such as infrastructure and export financing. “Citi aims to deploy its expertise to contribute significantly to Guyana’s economic development,” the bank said. “After almost three decades of close relationship with Guyana without an on the ground presence, this new office is strategically established to enhance the delivery of products and services in the country and to strengthen our collaborative partnerships with government, its agencies, financial institutions and private sector. This underscores our commitment to supporting the nation’s economic growth and the development of LATAM,” said Julio Figueroa, Head of Citi in Latin America. This new entity will serve to facilitate access for Citi’s clients and partners to global markets, thereby supporting the country’s overall growth, development, and the strengthening of its financial infrastructure.