Citibank Argentina is a commercial bank and financial services company and a subsidiary of Citigroup. It currently provides institutional services. In 2016, its retail operations were sold to Banco Santander Argentina.
Overview
Citibank Argentina was established in 1914 as the Buenos Aires branch of the National City Bank of New York, and the first of any United States bank in Argentina. The bank remained a secondary name in Argentine banking; but earned renown for the quality of its services: its Paylink payment processing network made it the first bank in Argentina to earn an ISO 9000 (1997), and in 2002, Citiservice y Citiphone Banking earned the institution an ISO 9002 certification.[1]
The president of Citicorp Argentina during the 1990s, H. Richard Handley, had been raised in Argentina with the chairman of Citigroup at the time, John S. Reed, and obtained his support for the bank's lucrative participation in the 1990 sale of the state telephone concern ENTel.[2]