OREANDA-NEWS. February 08, 2007. LOCKO-Bank opened a correspondent account in US dollars with CITIBANK, New York, reported the press-centre of LOCKO-Bank.

The relations established between LOCKO-Bank and CITIBANK will further contribute to the development of trade finance operations of the Bank’s clients engaged in international trade since CITI is the leading global organization with an extensive network around the world.

Citibank is a major international bank, founded in 1812 as the City Bank of New York. Citibank is now the consumer and corporate banking arm of financial services giant Citigroup, one of the largest companies in the world. As of March 2007, it is the largest bank in the United States by holdings. Citibank is a premier global financial services organization. With a network linking almost 100 countries, Citibank is the only international bank with a significant presence in so many markets.