Citi broadens its presence in Thailand and Asia by expanding operations for medium-sized businesses

Citi, the international bank, is making significant strides to support the expansion of medium-sized businesses in Thailand and Asia. With the region experiencing rapid economic growth and attracting foreign direct investment, Citi sees a prime opportunity to assist companies in tapping into overseas markets.

Gunjan Kalra, the managing director of Citi Commercial Bank for Asia North, Australia, and Asia South, emphasized the potential for medium-sized enterprises to thrive in the current economic climate. CCB, Citi’s specialized business unit, offers a wide range of financial services to facilitate cross-border expansion for these companies.

Kalra highlighted CCB’s global banking solutions tailored for medium-sized businesses aiming for rapid international growth. With a focus on industries like digital technology, consumer retail, healthcare, and industrial sectors, CCB provides transactional banking services, trade finance, and more sophisticated financial solutions.

In Thailand, Citi is collaborating with government authorities to attract foreign investment in key sectors such as electric vehicles, electronics, technology, and healthcare. The goal is to position Thailand as a strategic hub for inbound foreign investment while also supporting outbound expansion for Thai companies.

Kalra also underscored the importance of digitalization in enabling the growth of medium-sized enterprises across borders. Citi’s efforts in assisting Taiwanese companies in setting up new ventures in Thailand and its commitment to sustainable finance practices demonstrate the bank’s dedication to fostering growth and innovation in the region.