In addition, in the midst of continuing uncertainty, Citi Indonesia and AIA Group Limited (AIA) have collaborated to launch a health protection product provides strong coverage for customers until the age of 99 years. Citi Indonesia’s wide range of bancassurance offerings also includes products that provide life and long-term financial protection, in particular for retirement and children’s education.
Relating to the progress of Citi Indonesia’s consumer banking sale process, Batara said that Citi had reached an agreement with UOB Group (UOB) regarding the transfer of Citi’s consumer banking business in Indonesia.
This transaction includes retail banking and credit card businesses but does not include institutional banking business where Citi will remain committed and focused on serving institutional clients both locally, regionally, and globally.
Batara explained, “This divestment process will not affect our commitment to you and the products and services we provide. Our operational activities for the customers, including all branch offices, call centers and employees, will continue to run normally as usual.”
About Citi Indonesia
Citibank, N.A., Indonesia (Citi Indonesia) is a branch of Citibank, N.A, New York, USA. Citibank, N.A., Indonesia has been in Indonesia since 1968 and is one of the country’s largest foreign banks. Citibank operates 10 branches in six major cities in Indonesia – Jakarta, Bandung, Surabaya, Semarang, Medan and Denpasar. Citibank has consumer transaction networks of around 33,000 payment points and corporate distribution networks of around 6,000 locations in 34 provinces. Citibank, N.A., Indonesia is connected to ATM Bersama networks with more than 70,000 ATM terminals throughout Indonesia.
In 2021, Citibank Indonesia received the prestigious award as Best International Bank in Indonesia from Finance Asia and also as Digital Bank of the Year during The Asset Triple A Digital Awards 2021.
Further information can be obtained at Website: citigroup.com | Twitter: @citi | YouTube: youtube.com/citi | Blog: blog.citigroup.com | Facebook: facebook.com/citiindonesia | LinkedIn: linkedin.com/company/citi. To enjoy a digital banking experience, please visit citibank.co.id.
Citibank N.A., Indonesia is a bank that is licensed, registered and supervised by the Indonesia Financial Services Authority (OJK).
Citibank N.A., Indonesia an insured member of Deposit Insurance Corporation.
