Citibank has expanded its Malaysian branch
network from seven to 11 branches and said it will ramp
up its retail distribution strategy in the country by investing in
its online and mobile banking platforms.

Sanjeev Nanavati, CEO of Citibank Berhad,
said: “2010 will see Citibank expanding aggressively across all
businesses in Malaysia. We expect significant growth opportunities
with branch expansion and increased ATM touch points. Convenience
to our customers will be significantly enhanced. Citi continues to
invest in Malaysia and these four branches are a testimony to our
intent.”

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The bank is also planning to expand its
product range with new offerings in 2010 focused on five areas:
credit cards, wealth management, transactions management,
mortgages, and foreign exchange and risk management.

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