Doing Business in the Middle East

About Citi Commercial Bank in the Middle East

CCB works closely with mid-sized companies around the world to customize commercial banking solutions that meet their specific needs for cash management, risk mitigation and cross-border financing.

Operating from offices in the UAE, Bahrain and Jordan, CCB's experienced, dedicated Relationship Managers provide clients with access to Citi's unrivaled global reach and local expertise for insights, advice and guidance on expanding domestically or overseas in the region's leading trade partner countries, including the US, India, Thailand, Singapore, South Korea and Indonesia.


Zoltan Schwardy

CCB Middle East Cluster Business Head

Mr. Schwardy joined Citi Corporate Bank in Hungary in 2000 as a Management Associate and subsequently worked in various capacities including corporate relationship management, and Financial Institutions coverage, until July 2006. In July 2006 he relocated to Kuwait as Senior Relationship Manager for top tier local corporates. Mr. Schwardy was the founding member of Citi Kuwait Franchise and responsible for setting up the corporate banking business. In 2009 he headed Kuwait Corporate Banking and earned the additional responsibility to lead the Global Subsidiaries Group business in 2011. He joined the Citi Commercial Banking Team in the United Arab Emirates at the end of 2015 as Head of Mid-Market Enterprises. In March 2017 he was promoted to the current role of Citi Commercial Banking Head for United Arab Emirates. Effective September 2018, Mr. Schwardy’s role was expanded to become the Middle Cluster Head wereby both CCB Jordan Head and CCB Bahrain Head will report to him.


Middle Eastern Market Snapshot:

Citi Commercial Bank has been serving Hong Kong for 50 years

Cities Covered by CCB Middle East:

Abu Dhabi, Dubai, Shahjah, Ajman, Ras Al Khaimah, Manama, Bahrain and Amman, Jordan

Rank in World Trade

Exports Imports
Merchandise 16 20
Commercial Svcs 44 18

Merchandise Trade Summary

Exports by Main Destination
1) India $9.6 billion
2) Iran $5.6 billion

$383.8 billion GDP


GDP Growth Expectations:

2014: 4.6%

2015: 4.5%

2016: 4.3%


Currency:

Emirati Dirham (AED)


Population:

9.35 million