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Пікірлер: 219
@MithunOnTheNetАй бұрын
Citi left ALL Asian markets, including India and China. I was a Citi customer in India for over 2 decades and now transitioning to Axis Bank, which acquired Citi's retail operations in India.
@Tangalog-nj9ziАй бұрын
What are you talking about. There is still citibank under Union Bank of Aboitiz group
@Tangalog-nj9ziАй бұрын
CITIBANK STILL CONTINUES TO SERVE UNDER UNION BANK PHILIPPINES
@Tangalog-nj9ziАй бұрын
UnionBank’s strategic move to acquire Citibank’s consumer business aligns with their growth ambitions. They are positioning themselves to serve a broader customer base and enhance their offerings. While there were initial costs, UnionBank’s long-term vision involves leveraging the acquired customer base and expanding their market presence.
@Tangalog-nj9ziАй бұрын
UnionBank has donned its digital armor and waded into the future. 🚀 It’s widely recognized as one of the most innovative banks in the industry. Think cutting-edge tech, seamless digital experiences, and a commitment to staying ahead of the curve. Their digital transformation journey has been impressive, making them a beacon for other banks to follow.
@james.518Ай бұрын
Citibank’s technology and services in the Philippines have largely been maintained even after UnionBank acquired its consumer banking business. UnionBank has committed to retaining the superior customer experience and technological capabilities that Citibank customers were accustomed to12. During the transition, UnionBank has integrated Citibank’s systems into its own, ensuring that customers continue to enjoy the same level of service. For instance, Citibank credit cardholders can still use their cards and access their accounts through UnionBank’s platforms23. If you have any specific concerns or need assistance with your account, feel free to ask!
@ExcitedForestBridge-gx6pqАй бұрын
Exit of consumer banking operations and merger with UnionBank. In April 2021, Citigroup announced it would exit its consumer and retail banking operations in 13 markets, including Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.
@rudybacani480Ай бұрын
I don’t think the sales have something to do with politics because Citibank did similar things here in Australia where they sold part of their business to National Australia Bank.
@filomenojrcusi7906Ай бұрын
This bank pioneered the first banking industry executive training program in the country. GIrd towards training potential bank manager in all aspects of commercial banking operations .Hence lots of the graduate of this said program later became top officers of most of the local commercial banks in country.
@healtheworldforabetterplac7574Ай бұрын
Best Credit Card offering in the Philippines. What happned. UnionBank’s Customer Service sucks!
@manwithmountainАй бұрын
Same story here. I'm still waiting for the card replacement 3 months after. I guess switching would be the best option.
@Tangalog-nj9ziАй бұрын
CITI bank was sold to aboitiz group (Union Bank). Union Bank is doing good and will become the largest bank in the future because of its good system
@Tangalog-nj9ziАй бұрын
CITIBANK STILL CONTINUES TO SERVE UNDER UNION BANK PHILIPPINES
@Tangalog-nj9ziАй бұрын
UnionBank’s strategic move to acquire Citibank’s consumer business aligns with their growth ambitions. They are positioning themselves to serve a broader customer base and enhance their offerings. While there were initial costs, UnionBank’s long-term vision involves leveraging the acquired customer base and expanding their market presence.
@Tangalog-nj9ziАй бұрын
UnionBank has donned its digital armor and waded into the future. 🚀 It’s widely recognized as one of the most innovative banks in the industry. Think cutting-edge tech, seamless digital experiences, and a commitment to staying ahead of the curve. Their digital transformation journey has been impressive, making them a beacon for other banks to follow.
@charlesgotidoc5288Ай бұрын
Citibank can't keep up with our local banks, our local banks are performing way stronger than them. So Citibank leaving the country doesn't really make a dent to Philippines banking industry. Its not always a negative thing...
@bisaiiaАй бұрын
Are u trying to be funny?, CITI Banks has way better service and performance compare to any local banks in the Philippines. Have u ever had a CITI Bank account???
@LittlleBlue26Ай бұрын
@@bisaiia Charles is pertaining to the corporate performance. But I agree with you, Citi has a wayyyy better service and technology compared to the bank which assumed its PH entity. It sucks!
@james.518Ай бұрын
@@LittlleBlue26Citibank’s technology and services in the Philippines have largely been maintained even after UnionBank acquired its consumer banking business. UnionBank has committed to retaining the superior customer experience and technological capabilities that Citibank customers were accustomed to12. During the transition, UnionBank has integrated Citibank’s systems into its own, ensuring that customers continue to enjoy the same level of service. For instance, Citibank credit cardholders can still use their cards and access their accounts through UnionBank’s platforms23. If you have any specific concerns or need assistance with your account, feel free to ask!
@juamu1132Ай бұрын
lol this is citibank.
@james.518Ай бұрын
Citibank is still existing. If you want the services of Citibank then choose Union Bank
@alesh2275Ай бұрын
Citi left the Japanese market, as well, so it’s more of an overall retreat from several Asian markets …
@james.518Ай бұрын
Citibank’s technology and services in the Philippines have largely been maintained even after UnionBank acquired its consumer banking business. UnionBank has committed to retaining the superior customer experience and technological capabilities that Citibank customers were accustomed to12. During the transition, UnionBank has integrated Citibank’s systems into its own, ensuring that customers continue to enjoy the same level of service. For instance, Citibank credit cardholders can still use their cards and access their accounts through UnionBank’s platforms.
@sherwinclarencego1933Ай бұрын
By the way Citibank left a lot of smaller markets. The Philippines was just one of them. Here in South East Asia only Singapore still has a presence for Citi. Well Singapore is a financial hub. Other markets like Thailand, Indonesia and Malaysia also lost Citibank.
@alesh2275Ай бұрын
Not just small markets: Citi left Japan as well years ago …
@robocop581Ай бұрын
Citibank is still in HK
@miaya3898Ай бұрын
@@alesh2275why would anyone entrust their hard earned cash 💵 to an American 🇺🇸 bank?
@alesh2275Ай бұрын
@@miaya3898 because it has global reach for cross currency cross asset class investment. Don’t you know these things?
@sherwinclarencego1933Ай бұрын
@@robocop581 I did say South East Asia right? HK is not part of South East Asia.
@MultiSuperGoАй бұрын
Union Bank until now havent yet replace my card 2 months already
@miksUSA77716 күн бұрын
GALING ng BBM productions! Kudos to all. Subliminal Messaging the Best for all diff topics and Target Market. BBm and Duterte won. Rebrand genius.
@BrotherRoy14 күн бұрын
Okay, so, now I know. As a former Citibank customer in the US, was happy to to join while living in Manila. Now, I'll be satisfied with UnionBank.
@JoseTorres-in4fs10 күн бұрын
Things that left the Philippines without us realizing
@Aqueline-MarieSanget11 күн бұрын
I'm one of the long-time clients of its credit card line. You know what? Citibank Philippines had a stinking customer service attitude. Its call center agents keep on dropping calls. And others.
@mathewg5884Ай бұрын
Some of the private companies in the Philippines should put up phone factories.
@ezramachlone1013Ай бұрын
Not only in Philippines but also in Indonesia so dont worry. Citibank did not perform well in these two contries due to local banks are doing so well.
@josefg801716 күн бұрын
Wikipedia research source + narration = this youtube channel
@cottagegymfunАй бұрын
One word: LOSSE$ That's the whole story.
@coureurdebois9 күн бұрын
its a shame because CITI bank provided superior customer service, better apps, better credit cards, and higher yielding savings accounts VS BDO, Union bank, or BPI. Additionally it offered seamless international transfers to effectively every country at faster speeds and lower rates while providing international customers with linked accounts globally. shame its gone now.
@rodanielrodriguez815620 күн бұрын
Even citbank bahrain closed
@philmelb1022Ай бұрын
They left Australia and other countries as well. They couldn't compete they could consolidate make more profit.
@cheerLads8825 күн бұрын
This must be 25years ago 😂never seen citi bank in my place
@1rjonaАй бұрын
Citibank’s exit is worldwide. They not only left Philippines but many other Asia Pacific and European countries. So its not because of a local leader. They are focusing on the American matket
@josh2angelsАй бұрын
@@1rjona click bait lang sa mga pinoy itong q@q@ng vlogger n ito. Wag nyong tangkilikin.
@russliehipolitocacao3228Ай бұрын
The other banking companies were more popular for younger generations because of branches built on every town. Now that social media has opened new possibilities on how to acquire information, the marketing strategies of these banking businesses were more consistent and effective than Citibank. I've seen Citibank somewhere but I know the others better when it comes to familiarity. It's sad that such banking business with long history with the philippines (although foreign) is exiting the country.
@nbru4194Ай бұрын
One of the worst Banks ever. I used to bank with them in the states. Give you a couple horror stories. My Citibank in America will charge me a foreign ATM fee Citibank. Philippines would charge me a fee plus the standard visa fee. All to get money out of my own City bank account. Citibank Philippines was not associated with Citibank Bank America. So if you use your Citibank us debit card in a Citibank Phil bank you get charged a fee for that. They do not refund even through it's a Citi bank ATM. Open the bank account in the Philippines thinking it would would be a good bank they required in 2000 US dollar deposit. One time my wife went in there to do a transfer of funds. The guard wouldn't let her in because of a dress code she was wearing slippers. This was in dagupan pangasigan. We closed all accounts we had about 70,000 USD not a lot but they pissed me off. I'm glad they pulled out it was a bank for the elite.
@phoenix5054Ай бұрын
Oh wow! I can go inside and out BPI with only slippers. I think that fee is applicable to all international transfers regardless whether it's the same bank.
@miaya3898Ай бұрын
A multinational fruit company in our area also don't allow slippers, not even crocs. And shorts
@Tangalog-nj9ziАй бұрын
CITIBANK STILL CONTINUES TO SERVE UNDER UNION BANK PHILIPPINES
@Tangalog-nj9ziАй бұрын
UnionBank’s strategic move to acquire Citibank’s consumer business aligns with their growth ambitions. They are positioning themselves to serve a broader customer base and enhance their offerings. While there were initial costs, UnionBank’s long-term vision involves leveraging the acquired customer base and expanding their market presence.
@bisaiiaАй бұрын
I would blame the Filipinos who ran CITI Bank Philippines for that coz that dress code is a Filipino thing, it is difficult to understand the Filipino minds in the Philippines
@gregomartinez27406 күн бұрын
It was outperformed by other banks like BDO or bpi
@gctv4903Ай бұрын
Well thats ok we still have plenty of local banks here,even Silicon Bank in US had shut down too
@louistan7560Күн бұрын
Citi didn't leave. They sold their Asian units for liquidity back in the US. Citi has been identified by US FDIC as a potential financially-troubled bank in the way it conducts its business.
@JosephSolisAlcaydeAlbericiАй бұрын
Universal banking is something the US isn't longer specialized in at this point, that's why Citi Bank is shutting down its global operations and focusing itself on the American market.
@vondoromal701615 күн бұрын
This is good...
@Lance-nu8keАй бұрын
Monopoly.
@OFWPinoy_1967Ай бұрын
Citibank also left Bahrain and other Arab Nation
@patmanapsal4762Ай бұрын
Who cares? There are lots of big & strong banks the Philippines!😊😅😂
@antonioso5700Ай бұрын
Citi bank can,t compete with the big 5 Ph banks namely BDO / BPI / METRO BANK / PNB AND CHINABANK.
@bisaiiaАй бұрын
Does any of your 5 Ph banks have done what CITI Bank has than to the Philippines or they are just there to take advantage and take peoples money ????
@Arthur-da27 күн бұрын
and those banks are not exactly high level are they? Banking is one sector needing foreign competition which will actually enable bank account holders to get a "decent deal" But agreed Citi PH was a very lousy operation compared to other locations in the West at the time. Now even in US & UK Citibank are rapidly going down the pan with terrible customer service
@rosemendez93127 күн бұрын
Never heard of this bank.
@Gregory-Masovutch20 күн бұрын
There are plenty of banks wuthin the Philippines. They provide excellent service. Just stay away from BDO at all cost.
@gerger103216 күн бұрын
As a Filipino, I don't like BDO, BDO are too busy, long lines, high requirements for opening savings acoount
@markvilla8703Ай бұрын
Shittybank sucks, though. Customer service was terrible, interest rates were not competitive, and they failed to really branch out beyond updscale business districts. That's on them, not the local market.
@francisgalang7786Ай бұрын
Citibanks left a lot of markets.
@chrispeveto3105Ай бұрын
Citibank closed its branches and exited Texas in 2019. I still have an account, but all banking is done online.
@jovenserdenola1679Ай бұрын
What's the benefit of foreign banks? Taking deposits locally and investing abroad. No pain if CItibank left Philippines 😂😂😂
@NCM-xy8owАй бұрын
You ought to be more broadminded. Do your local banks have operations all over the world to allow Filipinos to plug into global opportunities? If you are working in Africa, Europe or elsewhere, can you rely on your local banks?
@blow_my-cockАй бұрын
@@NCM-xy8owyeah imagine contacting your local bank everytime you try to do a transaction and imagine your money not buying anything
@tomcapindo5280Ай бұрын
@@NCM-xy8owexactly
@d3r3kyasmarАй бұрын
Give filipinos jobs. Also it will create competition to local banks so that local banks will be motivated to always do better than their foreign competitors.
@alma09876Ай бұрын
Narrow minded thinking. Foreign banks allow international transactions for multinational corporations!
@hanglee5586Ай бұрын
Bank of America has one branch throughout the Philippines lol
@JAKE-r3uАй бұрын
What happened to the accounts and savings of customers? Insured by FDIC or not?
@teresitacruz5108Ай бұрын
Pilippines stand there own.... No worry we rely the Powe of our God... Jesus Christ (Yeshua)..
@joey_ocampoАй бұрын
It may be that under Nesara/Gesara/QFS that banks could no longer make money by charging interests on loans out to people and also charging their monthly service fees. Banks will operate as wealth management as QFS takes over all the banking transactions online where they can track, record, & prevent corruption, money laundering, & other illegal practices. Hundreds of banks' branches had been closing here in the States due to these major changes that are about to happen anytime soon.
@argasyargasy2366Ай бұрын
Because Citi had shit management. It practically kept giving out credit cards left right and center without due diligence. Go figure.
@GobangNewNormalАй бұрын
Correct And giving non collateral loans with very low collection Bank is to high maintaining balance
@JaniferCadungog-cu9nxАй бұрын
What Next Banks
@tabbyjuntado6310Ай бұрын
They also left Australia
@SonovagumАй бұрын
Citibank didn't leave. Their headquarter in asia is still located in the Philippines employing 10k people.
@creatourchannelАй бұрын
Maybe you’re referring to Citi Plaza, that is not Citi Philippines, it’s Citi brand that support US Market. It’s their callcenter for US products not Citi Philippines.
@Tangalog-nj9ziАй бұрын
@@creatourchannelcitibank is under Union Bank. That is why Union Bank has the best technology in banking in the Philippines right now
@user-dz5qj3kl6sАй бұрын
Where deposits of major bank
@bb8967029 күн бұрын
Citibank has been in the Philippines for over 100 years.
@EnnueCelestial-df3gk28 күн бұрын
So SAD !!!
@AndayaZaldy17 күн бұрын
Answers🇵🇭
@sugargame12 күн бұрын
2008 subprime crisis
@RealEschatologyGuy17 күн бұрын
Good.
@1aaroncarlАй бұрын
Lol citigroup its global parent company is restructuring.
@RobertChan-ge1bq24 күн бұрын
They know america cannot protect the Philippines so the best way is to save their money
@AndayaZaldy17 күн бұрын
Answers and Amen Amen Amen
@user-sq2no7gr8bАй бұрын
Glad Citi left. Headquarters is bankrupt.
@ramongabutina801518 күн бұрын
Topic Heading should be why Citibank left Asia.
@Cradle11Ай бұрын
US loans from Citi to acquire the Philippines from Spain..
@luisabiera17 күн бұрын
They are now at BGC, what are you talking about
@Minimal279819 күн бұрын
Skip to 7:30
@garizonmann1284Ай бұрын
An ofw remarked that This bank forpieted (closed) his savings checking accounts he can't manage due to working abroad reason is dormant😂what the,,,,?
@josedemaisip2572Ай бұрын
There is no need to rub it in!
@ericdj365117 күн бұрын
had to close down to hide skeletons in thr closets
@ArhjayTagumasi15 күн бұрын
Citi Bank the best Credit card bank. Union bank on the other hand has the worst customer service..
@JLHMahalАй бұрын
Some inaccuracies here😂
@georgelopera6290Ай бұрын
It's very simple why Citibank leave the Philippines because Citibank is not corrupt bank! All bank in the Philippines exercise corruption, compromising the people's money, Citibank earning comes from investment from any project and not investment from the people's. Money itself!
@rudybacani480Ай бұрын
I don’t think this has something to do with corruption or politics. Citibank also sold part of their business to a local bank here in Australia. So this is not as simple as you assumed it to be. Besides, corruption in the Philippines is not something new so why only now and correction, Citibank didn’t leave the Philippines they only sold part of their business.
@Manuel2024-ri7yhАй бұрын
Please read more before making an opinion
@Tangalog-nj9ziАй бұрын
UnionBank’s strategic move to acquire Citibank’s consumer business aligns with their growth ambitions. They are positioning themselves to serve a broader customer base and enhance their offerings. While there were initial costs, UnionBank’s long-term vision involves leveraging the acquired customer base and expanding their market presence.
@Tangalog-nj9ziАй бұрын
citibank is still here in the Philippines
@Tangalog-nj9ziАй бұрын
UnionBank has donned its digital armor and waded into the future. 🚀 It’s widely recognized as one of the most innovative banks in the industry. Think cutting-edge tech, seamless digital experiences, and a commitment to staying ahead of the curve. Their digital transformation journey has been impressive, making them a beacon for other banks to follow.
@starnight120923 күн бұрын
Citi banks is getting old and need to retired.
@josh2angelsАй бұрын
As usual this vlogger keeps putting out negative economic videos about the philippines but praising other asean countries. Like comparing the philippines to singapore? Cmon!!! Why not compare your country to the UK, US or canada? Dont worry, the philippines will soon surpass your countrys economy or maybe it already did😂😅
@cottagegymfunАй бұрын
Philippines must take responsibilities. It's not about others.
@emmanuelandrewm.decastroАй бұрын
this content is a propaganda is not really 100% facts may be 40% yes this content is for politics
@ericlaroza2485Ай бұрын
Actually they left because of the traffic period!
@pwetmaluwang2985Ай бұрын
Ano naman gusto mo ipahiwatig?
@Louie.OxfordАй бұрын
bro yapping for 8 mins but still missed the point
@Ferdiefet15 күн бұрын
What is the commect with PBBM haha
@jperez7893Ай бұрын
the philippines should be celebrating citibank left the philippines. one of the worst banks ever
@Holycow2169Ай бұрын
Who cares? Should to work there myself
@joeljoves8782Ай бұрын
Citibank is not doing very well anywhere in the world!!!!
@drplayhouse0813 күн бұрын
It’s a good thing the left
@mongru4214Ай бұрын
Your report has malign to the Philippines
@kimjanozo6361Ай бұрын
Because of bbm goverment more company going out..economic not good in bbm marcos jr.not same du30 goverment more investment
@siparengbatman8938Ай бұрын
Pinaka tangang comment na nabasa ko as far as i know walang foreign investman ang pumasok sa ph sa panahon ni du30 maliban nalang sa china at russia..😂😂😂
@sunnycrocker6016Ай бұрын
So many currupt big bank 🇵🇭
@MrJacksuperАй бұрын
omg its bbm, the ultimate reason citibank's exit? lmao...
@pinkvelvet3865Ай бұрын
How many times you have to report it? You keep on repeating the same topic. Do you have Dementia? Let them go! DAH!
@user-xl7hp8bi6xАй бұрын
It's because of bangag bonget
@healtheworldforabetterplac7574Ай бұрын
Kahit sa katangahan nj Dutae yung pagbagsak ng pilipinas kaya daming umalis dito sa pilipinas na foreign businessmen! Puro chinese na illegal pinapasok
@Justice-ZcjhАй бұрын
No more prospects for the Philippines after losing the biggest market for most of its products.
@KaptanMagyawanАй бұрын
This channel is consistently poorly researched. Commenters know more about Citibank's consumer banking exit from several countries than what is presented. That is reason enough for the channel to be taken down for spreading unvalidated information.
@cnbpix9036Ай бұрын
Bago ong Pilipnas na 😂
@kratosgod-of-war6276Ай бұрын
citibankcrupt
@cybАй бұрын
Wow this video is poorly researched
@buffalohead7783Ай бұрын
These companies will be back because of Philippine growing economy
@user-be9gr3wv3rАй бұрын
DREAM DREAM DREAM
@RaulMaabaАй бұрын
Becase of curapt governent thats why the leave tha country