Country Officer: Catalina Herrera-Roca
Citi has been operating in Trinidad & Tobago since 1965, and has been a pioneer in the development of the financial services industry in the country, having introduced many new structures and services. It was first to introduce a wide range of electronic banking products, first to introduce banker’s acceptances to investors, to access ‘936’ funding, to introduce debt equity swaps, cross currency swaps, commodity derivatives, and first to issue a domestic bond rated by Moody’s and S&P. In 2012 Citibank (Trinidad & Tobago) Limited received an award from Global Finance Magazine for Best Corporate/Institutional Internet Bank.
With its global reach, expertise in global finance, and the capacity to source, negotiate and place investment funds and capital for the public and private sectors, Citi is positioned to design specialized financial instruments needed by the country. The bank has a proven record over the years of providing products which have suited the special needs of Trinidad & Tobago. Citi’s support over the years to the oil, gas and petrochemical sectors has played a key role in the development of the energy sector in the country, to the point of being tagged “the energy bank”. From the 1980’s to present, Citi has raised in excess of twenty-five billion US dollars for the public and private sectors of Trinidad and Tobago. The bank continues to provide competitive and innovative financing solutions, and plays a key role in the growth and development of the domestic capital market, while providing access to the international capital market.
Citi is a global organization with operations in more than 100 countries around the world, and has had a presence for more than 92 years in 24 countries throughout Latin America and the Caribbean.
Citibank (Trinidad & Tobago) Limited offers a comprehensive range of financial services, solutions and capabilities. These include Corporate Finance, Project Finance, Derivatives, Cash & Treasury Management Solutions, Electronic Banking and Web-based Solutions, Foreign Exchange, Trade Finance and Trade Services, Commercial Lending and Financial Advisory Services. Citicorp Merchant Bank Limited offers the following domestic and regional fund-raising services for both public and private sector enterprises. Bond Underwriting, Bond Trading, Securitisation, Derivative Securities, Structured Financing and Leasing.
In the Caribbean, Citi has offices in Barbados, Bahamas, Dominican Republic, Haiti and Jamaica and Trinidad & Tobago. Trinidad & Tobago manages the Barbados branch, while Corporate Financing, Cash & Treasury Management Solutions, Electronic Banking and Web-based Solutions are delivered to clients in the following unbranched territories. Antigua, Anguilla, Belize, Cayman Islands, Dominica, Grenada, Guadeloupe, Guyana, Martinique, Suriname, St. Lucia, St. Kitts & Nevis, St. Maarten, St. Vincent & the Grenadines, and Turks and Caicos.
Citi seeks partnerships with local non-profit and charitable organizations to improve the quality of life for the underprivileged of the communities in which it operates. Some of the key programs Citi helps fund, include the following:
- Junior Achievement BANKS IN ACTION Financial Education Program: a financial education program which simulates the operations of a bank, and enables students to make informed decisions about their businesses. Each year the High School winners of the local leg of the competition are sent to the regional JA BIA competition, which is held in one of the LATAM countries where there is a JA/CITI partnership.
- United Way Donor Partnership Program: Citi employees volunteer monthly payroll deductions of their choice, which the bank matches, for the purpose of funding United Way programs. United Way is an umbrella NGO which funds and supports charitable organizations that provide an array of services for the poor and needy throughout the islands.
- Red Cross Children’s Carnival: Citi has been the main sponsor for many years, the proceeds of which are used to fund the disaster relief and medical work of the Red Cross Society in Trinidad and Tobago.
- Habitat for Humanity: Citi has provided financial assistance to this NGO that addresses the issues of poverty housing.
Citibank (Trinidad & Tobago) Limited and Citicorp Merchant Bank Limited both carry the brand name of Citi, and the brand symbol of Citi and Arc Design, which are trademarks and service marks of Citigroup Inc. or its affiliates, and are used and registered throughout the world.