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Jakarta Post

RI priority despite global job cut: Citibank

  • The Jakarta Post

Jakarta   /   Mon, December 10 2012   /  09:49 am

Citibank Indonesia has reassured its banking stakeholders in Indonesia that the company remains committed to expanding its business in Indonesia despite a major consolidation measure recently unveiled by its US parent company, Citigroup.

“Indonesia is one of Citi’s 16 emerging priority countries and our commitment to the country is long-term,” sad Citibank Indonesia’s corporate affairs head Agung Laksamana via an email interview with the The Jakarta Post on Saturday.

Despite identifying Indonesia as one of Citigroup’s top priority countries, the bank acknowledged that it is currently “evaluating its strategic priorities in Indonesia”, including strategies that could boost its optimization and effectiveness, Agung said.

Citigroup’s newly appointed CEO, Michael L. Corbat, last week unveiled sweeping reform programs to create more efficiency within the ...