Citi's first formal presence in New Zealand was as a representative office of Citibank, N.A. set up in 1974. Banking operations commenced with the local incorporation of Citicorp Forex Ltd and Citicorp New Zealand Ltd in 1982. In July 1987 Citibank, N.A. (New Zealand Branch) was granted a full banking license and was designated a registered bank. In November 1990 Citi became a settlement bank and thus became a direct participant in the New Zealand Clearing System.

Citi has an extensive representation in the New Zealand banking industry, which includes being a member of the New Zealand Bankers' Association as well as shareholder and board representation in Interchange and Settlement Ltd (ISL) - New Zealand's Clearing House

1974	Representative office established
1982	Banking operations commenced
1987	Citibank (New Zealand) granted full banking license
1990	Citibank became settlement bank
1997	Salomon Brothers merged with Smith Barney to form Salomon Smith Barney Holdings in US
1998	Citigroup formed by merger of Citicorp and Travelers Group in US
2007	Citigroup renamed Citi
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