citi indonesia Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/citi-indonesia/ Latest business news media headlines platform today | Lets talk Business Tue, 27 May 2025 09:17:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png citi indonesia Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/citi-indonesia/ 32 32 Citi Indonesia posts net profit of US$39.7mn in Q1 2025 https://heaptalk.com/industry/citi-indonesia-posts-net-profit-of-us39-7mn-in-q1-2025/ Tue, 27 May 2025 09:17:34 +0000 https://heaptalk.com/?p=48257 Heaptalk, Jakarta — Citi Indonesia posted a net profit of Rp645 billion, approximately US$39.7 million (US$1 equals Rp16,244), in the first quarter of 2025. This achievement was supported by an 11% year-on-year (yoy) increase in net interest income and a stable low-cost fund ratio of 74%. The bank’s return on equity (ROE) stood at 13.3%, […]

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]]> Citi Indonesia records a 32% growth in Net Income in 2024 https://heaptalk.com/news/citi-indonesia-records-a-32-growth-in-net-income-in-2024/ Fri, 25 Apr 2025 11:56:01 +0000 https://heaptalk.com/?p=47672 Heaptalk, Jakarta — Citi Indonesia reported a solid financial performance for the first nine months of 2024, with Net Income reaching US$130 million, or about Rp2.2 trillion, marking a 32% year-on-year increase. This significant growth was primarily attributed to reduced operating expenses, which enhanced the bank’s operational efficiency, as reflected in a notable improvement in its Cost-to-Income Ratio […]

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]]> Citi Indonesia assigns Wit Oemar as Head of Corporate Banking https://heaptalk.com/industry/citi-indonesia-assigns-wit-oemar-as-head-of-corporate-banking/ Fri, 07 Mar 2025 04:04:57 +0000 https://heaptalk.com/?p=46629 Heaptalk, Jakarta — Citi Indonesia announced the appointment of Wit Oemar as Head of Corporate Banking, effective March 5, 2025. He will report to K. Balasubramanian, Head of Corporate Banking at Citi Asia South and Batara Sianturi, Chief Country Officer of Citi Indonesia. In this role, Wit will oversee the company’s corporate banking business in […]

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]]> Citi expands social finance in Asia to over 10% by 2025 https://heaptalk.com/industry/citi-expands-social-finance-in-asia-to-over-10-by-2025/ Sun, 16 Feb 2025 09:49:59 +0000 https://heaptalk.com/?p=46163 Heaptalk, Jakarta — Citi announced its plan to expand social finance to over 10% by 2025 (02/13). The financing includes social trade loans, securitization, partnerships in co-financing with development institutions, term loans, revolving working capital facilities, and IPOs. This move is in response to the growing demand from investors in this sector. “Our portfolio covers […]

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]]> Citi Indonesia honors Bank Indonesia’s Senior Deputy Governor with Alumni Award 2024 https://heaptalk.com/industry/citi-indonesia-honors-bank-indonesias-senior-deputy-governor-with-alumni-award-2024/ Wed, 08 Jan 2025 09:00:40 +0000 https://heaptalk.com/?p=45448 Heaptalk, Jakarta — Citi Indonesia has awarded Destry Damayanti, Senior Deputy Governor of Bank Indonesia, the Citi Distinguished Alumni Award 2024 in the Leadership category. This award is part of the Citi Alumni Network 2024, an annual event that serves as a reunion for Citi Indonesia alumni. The award is given to alumni who have […]

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]]> Citi Indonesia posts US$41.5m in Q1 2024, growing 17% https://heaptalk.com/industry/citi-indonesia-posts-us41-5m-in-q1-2024-growing-17/ Fri, 24 May 2024 08:26:11 +0000 https://heaptalk.com/?p=31639 Heaptalk, Jakarta — Citi Indonesia announced a net income of Rp665.9 billion, approximately US$41.5 million (US$1 equals Rp16,061) in the first quarter of 2024, which grew 17% from Q1 2023. An increase in other operating revenue and an improvement in operating expenses also contributed to this growth. According to Citi Indonesia CEO Batara Sianturi, the […]

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]]> Citi Indonesia assigns Edwin Pribadi as Head of Citi Commercial Bank https://heaptalk.com/industry/citi-indonesia-assigns-edwin-pribadi-as-head-of-citi-commercial-bank/ Tue, 21 May 2024 08:15:34 +0000 https://heaptalk.com/?p=31389 Heaptalk, Jakarta — Citi Indonesia announced has appointed Edwin Pribadi as the Head of Citi Commercial Bank (CCB) as of May 7, 2024 (05/20). Sitting as the new Head of Citi Commercial Bank, Edwin oversees Citi’s CCB business and operations in Indonesia. His leadership is expected to drive the CCB business strategy and financial performance […]

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]]> Citi Indonesia won five awards from FinanceAsia, including the most innovative use of technology https://heaptalk.com/industry/citi-indonesia-won-five-awards-from-financeasia-including-the-most-innovative-use-of-technology/ Thu, 02 May 2024 06:49:50 +0000 https://heaptalk.com/?p=29435 Heaptalk, Jakarta — Citi Indonesia has achieved a significant milestone by winning five prestigious titles from the esteemed FinanceAsia Awards 2024. The bank was honored as the Best Bank (International), the Best Corporate Bank for Large corporations and MNCs (International), and for the most innovative use of technology (international). The company also earned the titles […]

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]]> Supported by Citi Indonesia, Mercy Corps Indonesia holds the 3rd SEED 4 Women Program kick-off https://heaptalk.com/industry/supported-by-citi-indonesia-mercy-corps-indonesia-holds-the-3rd-seed-4-women-program-kick-off/ Fri, 15 Sep 2023 08:07:43 +0000 https://heaptalk.com/?p=12484 Since December 2021, the SEED 4 Women Program has empowered 854 women small entrepreneurs in Malang Regency and Malang City, including 124 young women. Heaptalk, Jakarta — Mercy Corps Indonesia held the kick-off meeting for the third SEED 4 Women Program, with support from the Citi Foundation and Citi Indonesia (09/13). In its third year, […]

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]]> Citi Indonesia records a net income increase of 54% reaching US$78.7m in H1 2023 https://heaptalk.com/industry/citi-indonesia-records-a-net-income-increase-of-54-reaching-us78-7m-in-h1-2023/ Fri, 11 Aug 2023 05:26:00 +0000 https://heaptalk.com/?p=11788 For Retail Banking, Citi Indonesia has maintained its digital banking growth with an 86% increase in digitally acquired credit card customers in Q2 2023. Heaptalk, Jakarta — Citi Indonesia managed to reap a net income of Rp1.2 trillion, approximately US$78.7 million (US$1 equals Rp15,247) in H1 2023, which rose 54% compared to the previous year. […]

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]]> Bibit teams up with Citi Indonesia, providing access to a bond market with a small investment https://heaptalk.com/industry/bibit-teams-up-with-citi-indonesia-to-expand-wealth-management-services-for-5-million-customers/ Fri, 21 Jul 2023 04:00:10 +0000 https://heaptalk.com/?p=11332 “As a standalone institutional bank, we can also provide access to Indonesian investors who are willing to invest in small amounts,” said Batara Sianturi. Heaptalk, Jakarta — Indonesia’s digital investment app, Bibit, established a strategic partnership with Citi Indonesia in expanding access to wealth management services. The partnership is marked by the exchange of appreciation […]

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