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 Citibank exit Malaysia, Bye bye

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Henry T
post Apr 16 2021, 02:20 PM

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The advantage of Citibank CC is that there is no expiry date for the points. This way card holders can accumulate enough points to redeem some big ticket items.


xpole
post Apr 16 2021, 02:25 PM

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QUOTE(JimK @ Apr 16 2021, 02:14 PM)
only retail gone...but mostly the maximum staffs are in retail...opening, AML, customer services, processing - big headcounts though....no joke...
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Citibank staff salary is high. I'm sure they are struggling to find a near job that near with the pay rate at citibank
and85rew
post Apr 16 2021, 02:32 PM

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Save further cost
cba6p
post Apr 16 2021, 02:33 PM

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wah, is housing loan under retail? If yes, need to redo S&P agreement. Mati lo who want to pay lawyer fee wor?
Maria Takagi
post Apr 16 2021, 02:47 PM

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QUOTE(tatabun @ Apr 15 2021, 10:25 PM)
In Malaysia, where Citi has been in for more than six decades, Citi Malaysia Chief Executive Officer (CEO) Usman Ahmed assured that the move will not dilute the group's long-term commitment to the country or the Asia Pacific region. Citi has 10 branches in Malaysia — six in the Klang Valley, with one each in Johor and Melaka, and two in Penang, according to its website.

“With this strategic repositioning, we will be able to further invest our resources in significantly growing our institutional business in Malaysia, which spans across corporate and investment banking, commercial banking, markets (including equity brokerage) and treasury and trade solutions.

"In addition, our Citi Solutions Centers in Kuala Lumpur and Penang also remain an equally important operations hub for Citi, from where we execute millions of financial transactions worth over US$29 trillion annually for over 50 countries across the globe. There is no immediate change to our operations and no immediate impact to our colleagues as a result of today’s announcement by Citi to pursue an exit from our Consumer Bank business in Malaysia. We will continue to serve our Consumer Banking customers with the same dedication as we do today,” Usman said.

Citi Asia Pacific CEO Peter Babej added that the Asia Pacific region is an integral part of the group's global strategy, and a key driver of its growth and value proposition. “We will continue to invest in our network across the region and deliver Citi’s unique global capabilities to clients across all our markets,” Babej added.
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window dressing statement
wilstroth
post Apr 16 2021, 03:04 PM

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https://www.bloomberg.com/news/articles/202...s-and-deadlines
Lembu Goreng
post Apr 16 2021, 03:06 PM

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They blacklist me

Padan muka now tutup haha

This post has been edited by Lembu Goreng: Apr 16 2021, 03:06 PM
DannyMc
post Apr 16 2021, 03:11 PM

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QUOTE(Henry T @ Apr 16 2021, 02:20 PM)
The advantage of Citibank CC is that there is no expiry date for the points. This way card holders can accumulate enough points to redeem some big ticket items.
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Yes, this is the main reason i stay with Citi for so long.
SUSBillCollector
post Apr 16 2021, 03:14 PM

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Good riddance shitty bank. You've been the shittiest bank since the day that idiot Vikram Pundek was your CEO.
digilife
post Apr 16 2021, 03:32 PM

The MNP guy, its me yeah.
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If Citi dun get a good selling price, they wont sell.

Operations still manage by staff from SG , local staff all kena VSS, possible ?

or another possibility ,

if our Gomen is more friendly to Jews, they will stay cause all these while we are not Jews friendly.


andrewhtf
post Apr 16 2021, 03:39 PM

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QUOTE(mroys@lyn @ Apr 16 2021, 01:59 PM)
you can use the points to offset your recent transaction.
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QUOTE(Henry T @ Apr 16 2021, 01:55 PM)
It is enough to redeem a meal somewhere @ 500 pts per RM1. 

Don't waste the points. smile.gif
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huh, can meh? how come i cant see any option for it one?
only can redeem stuffs

mine is Citi Clear card, probably not entitled?

user posted image
NeoMnemonic
post Apr 16 2021, 03:41 PM

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so any outstandings credit card balance can write off ka
un.deux.trois
post Apr 16 2021, 03:44 PM

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QUOTE(digilife @ Apr 16 2021, 03:32 PM)
if our Gomen is more friendly to Jews, they will stay cause all these while we are not Jews friendly.
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Many other countries on the list are Jews friendly e.g. Australia, Korea, China etc also get the axe

ts1
post Apr 16 2021, 03:48 PM

Look at all my stars!!
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most probably will package the retail biz n sell to other banks
SUSSimple Chap
post Apr 16 2021, 03:55 PM

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Guess effect of trade war. Many countries in the list are China friendly. For India likely because India too protective like Malaysia, for Aussie, Aussie has huge debts.
leogimon
post Apr 16 2021, 04:23 PM

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Cause by politicians...we now is asian caterpillar cool2.gif

QUOTE(MasBoleh! @ Apr 16 2021, 01:22 PM)
We never is an Asian tiger
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leogimon
post Apr 16 2021, 04:26 PM

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Force you clear all the debt in short period then you will know lol

QUOTE(katijar @ Apr 16 2021, 03:16 PM)
Faster go spend, later no need pay when it exit
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jojolicia
post Apr 16 2021, 04:33 PM

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QUOTE(marukopi @ Apr 16 2021, 12:21 PM)
What will happen to our cc?

1. Force to clear all the debt before they close shop?
2. Will close our cc account and give new card from other bank?
3. Card will change to international issue
4. Debt write off. Lol.
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No 2, same like my previous southern bank, eon bank CC
L.Torreira
post Apr 16 2021, 04:34 PM

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QUOTE(jojolicia @ Apr 16 2021, 04:33 PM)
No 2, same like my previous southern bank, eon bank CC
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How about your points rewards or miles? Become zero or transferable?
wailam
post Apr 16 2021, 04:35 PM

Apa benda ini?
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become localbank

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