Citi eyes expansion in Asian trade corridors to tap region's growth

Singapore

CITI hopes to double its growth into major intra-Asia trade corridors that would add up to US$2 billion in lending, tapping on the region's trade flows estimated at US$2.5 trillion, said a top executive.

The shift in strategy to tap a greater share of intra-Asia flows, undertaken after a restructuring of Citi's corporate banking division last year, comes as regional clients are seeking growth closer to home, said Gerry Keefe, head of corporate banking Asia Pacific at Citi, in an interview.