TOKYO--(BUSINESS WIRE)--Citi announced today that it has reached an agreement with the government of Kyoto Prefecture to support the industrial growth and globalization of the western Japan prefecture.
The agreement signed today, "The Memorandum of Comprehensive Collaboration concerning Kyoto Prefecture's Industrial Development and Globalization", aims to facilitate mutual cooperation between Citi and the prefectural government of Kyoto in various areas, including industrial development and innovation, international promotion of local culture and related businesses, and next-generation community development including the smart city initiative.
Per the agreement, Citi will work closely with Kyoto Prefecture on the development of financial strategy, funding, offshore industrial expansion, and other agendas by leveraging the bank's financial expertise and know-how as well as a global network that covers more than 160 countries.
Citi has a proud 115-year history of commitment in Japan. Since opening its first branch in Yokohama in 1902, Citi has helped corporate and institutional clients to capture global opportunities. Moving forward, Citi will provide innovative, tailor-made financial solutions to support the growth and progress of Kyoto, a region famed for its history and tradition.
Citi, the leading global bank, has approximately 200 million customer accounts and operates in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.