Citi wins Emirates global cash management mandate

Executed by Citi's Global Transactions Services, the solution aims at optimising  global cash management by providing a combination payments technology geared to fully leverage the airline’s deployment of Oracle ERP across the globe, as well as receivables and liquidity tools tailored to Emirates' operational process flows and systems.

Citi’s state-of-the-art technology platform as well as global footprint, expertise and proven track record were decisive factors in winning this key mandate.

The mandate also complements Citi's long term strategic partnership with Emirates which has been built over two decades. Throughout this period, the partnership has covered strategic financing of Emirates’ expanding fleet, including A380 Aircraft, as well as developing value-added consumer products, such as the co-branded Emirates Citibank credit cards and debit cards, which reward cardholders with Skywards Miles on their card spend.

Steve Donovan, Head of Citi’s Global Transaction Services, Middle East & Pakistan, said: “At Citi, we value our strategic alliance with Emirates which is one of the leading brands in the world, and we're proud to provide global cash management services that meet the exact needs of the company.  This is demonstrative of our ability to offer clients worldwide local and regional solutions with global service standards.”

Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate banking services across ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait as well as Pakistan. Its consumer banking services cover UAE, Egypt, Bahrain and Pakistan, while it maintains close relationships with high net worth clients in the region through the Citi Private Bank.