Citibank Europe, Bulgaria Branch products, services and reviews

About Citibank Europe, Bulgaria Branch

Citibank Europe plc, Bulgaria Branch operates as the Bulgarian branch of Citibank Europe plc (Ireland) within Citigroup, focusing on corporate and institutional clients rather than retail banking. The branch provides transaction banking and markets services, including multicurrency accounts, domestic and cross-border payments, liquidity and cash pooling, trade finance (letters of credit, guarantees, supply chain finance), and foreign exchange and rate hedging, delivered through global platforms such as CitiDirect and API connectivity via CitiConnect or SWIFT. Lending solutions (bilateral, syndicated, and structured) are arranged for large companies and financial institutions, typically on a cross-border basis within the Citi network. Securities services for institutional investors are available through Citi’s regional securities services platform. The branch operates under the EU single passport regime: prudentially supervised by the Central Bank of Ireland with local oversight by the Bulgarian National Bank for certain conduct and operational matters. Eligible deposits are covered by the Irish Deposit Guarantee Scheme up to EUR 100,000 per depositor, and investor compensation, where applicable, is governed by Irish schemes; coverage exclusions and eligibility follow Irish law. The bank does not maintain a retail branch network, ATM services for the public, personal current accounts, or mass-market consumer lending in Bulgaria. Account opening targets multinational and large domestic corporates and financial institutions and is subject to full KYC/AML requirements, beneficial ownership verification, and sanctions screening; service terms and fees are negotiated individually and depend on usage, volumes, and risk profile. Financial and capital disclosures are consolidated at the level of Citibank Europe plc, with the Bulgarian branch filing required local reports.