BrokAIr Reviews

Citibank United Arab Emirates Review

Citibank United Arab Emirates has been accused of unethical practices and disregarding customer complaints. Have they gone too far in their pursuit of profit?

Did you like this broker?

Overview of Citibank United Arab Emirates

Citibank United Arab Emirates (Citibank UAE) is a subsidiary of Citigroup Inc., one of the world’s leading financial services organizations. Citibank UAE is a full-service bank offering a range of banking products and services to private, corporate and institutional customers in the United Arab Emirates. It was established in 1983 and has since grown to become one of the leading banks in the country.

Pros of Citibank UAE

Cons of Citibank UAE

Founders and Public Opinion

Citibank UAE was founded by John S. Reed, who served as its chairman until 2006. Since then, the bank has been led by various chairmen. The current chairman of the bank is Robert A. Wiebe. Public opinion towards Citibank UAE is generally positive. Customers appreciate its wide range of products and services, low transaction fees, secure online banking system, and global presence. On the other hand, some customers have complained about its high minimum balance requirement, limited branch locations, and low interest rates on deposits.

Recent Newsworthy Events

Citibank UAE recently partnered with Dubai International Financial Centre (DIFC) to provide customers with access to international financial services. In 2020, it also announced that it would be rolling out a new loyalty rewards program for its credit card customers in partnership with Emirates NBD. Additionally, it was ranked as one of the top 10 banks in the Middle East for customer service in 2020 by The Banker Magazine.