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Citibank's first formal presence in New Zealand was as a representative office of Citibank, N.A. set up in 1974. Banking operations commenced with the local incorporation of Citicorp Forex Ltd and Citicorp New Zealand Ltd in 1982. In July 1987 Citibank, N.A. (New Zealand Branch) was granted a full banking license and was designated a registered bank. In November 1990 Citi became a settlement bank and thus became a direct participant in the New Zealand Clearing System.

Citibank offers a full range of corporate and investment banking services in New Zealand. For New Zealand's leading companies, Citi provide comprehensive financial advisory and capital raising services, treasury and trade solutions including funds transfers to over 130 countries and international supply chain financing solutions. Citi's foreign exchange services cover every geography and time zone to trade in over 100 currencies.

Citi has an extensive representation in the New Zealand banking industry, which includes being a member of the New Zealand Bankers' Association as well as shareholder and board representation in Interchange and Settlement Ltd (ISL) - New Zealand's Clearing House. For New Zealand's institutional investors, we cover all primary and secondary equity and debt markets, including equity and credit derivatives, secured financing, money market and commercial paper, and commodities.