Citi Commercial Bank
As a Citi Commercial Banking client, your success is our priority.
Citi Commercial Bank is the division of Citi addressing to the successful small and medium enterprises. Citi Commercial Bank offers a comprehensive offer of high-quality financial solutions.
At Citi, our commercial bankers have the expertise to take your company to the next level.
Citi has been in the commercial banking business for 200 years. Over time, Citi Commercial Bank has developed a strong knowledge base through the longevity of its operations in many international and local markets. This has resulted in Citi building trusted global relationships, influence and a reputation that can help you and your subsidiaries, as well as your suppliers and customers.
Citi Commercial Bank is committed to helping clients find solutions that will drive their financial success. Citi provides businesses with a broad range of innovative financial products and services, including cash management, electronic banking, treasury solutions, financing and trade services.
Convenient overdrafts
Citi Commercial Bank current account clients can have access to an overdraft facility. Overdrafts offer the reassurance that payments and cash withdrawals are honored, enabling you to get business done, and protecting your company’s reputation, even when your current account balance is negative. The benefit of this type of loan facility is that it provides automatic and flexible access to a credit line. As incoming payments to the account immediately go towards paying off the loan, you also have a lower interest to pay.
Working capital
When, in a given period of time, your company’s accounts payable exceeds the time of maturing receivables, working capital needs arise. Working capital and other short-term borrowing can be funded through a renewable facility. This permits fresh borrowing at any time on the line of credit already repaid, with interest charged only on the portion used.
Term loans
Larger capital expenditure and long-term business expansion can be funded through term loans. These are flexible loans where the amount, term and repayment schedule can be set in line with Citi’s credit policy and according to the client’s business needs.
Investment loans
Expanding the capacity of a plant, purchasing equipment or major business developments, such as acquiring property, are best funded by an investment loan.
Your cash flow determines the term of the loan, length of any payment window and the repayment schedule making investment loans uniquely tailored to your business.
The loan can be drawn down flexibly as a lump sum or according to a predefined schedule in line with the progress of your investment project. The term of the loan, the length of any grace period and the repayment schedule are defined by the project financing requirements and the cash flow generation capacity of your company.
Financial solutions are subject to Citi Romania credit decision.
FAQs
Major cities like Bucharest, Cluj-Napoca, and Timisoara offer higher salaries due to the concentration of economic activity and job opportunities. In urban centers, the average monthly salary can range from 8,000 to 10,000 RON, providing residents with a relatively comfortable standard of living.
Is Romania cheap to live in? ›
Budget Smartly: Romania offers a relatively low cost of living, but budgeting is essential. Average costs include monthly rent for a 1-bedroom apartment, utilities, public transport pass, meals, and groceries. Accommodation: Consider sharing a place to stay to reduce rent costs.
Does Citibank have branches in Romania? ›
Citi has been present in Romania since 1996 and provides high-quality financial products and services to large national and multinational companies, small and middle enterprises, the public sector and non-profit organizations.
Is 1000 euros enough for a month in Romania? ›
Yes, with 1000 euros, but not so great, especially if this amount includes the house rent, utilities (water, gas, electricity, etc.) and others (transport, net, cable TV).
How much money to be 1% in Romania? ›
Can a US citizen live in Romania? ›
For stays longer than 90 days in Romania, you must obtain a temporary residence permit from the Romanian Immigration Office in the area of your residence. Americans who overstay will be subject to heavy fines and will require an exit permit from the Immigration Department in order to leave the country.
Is healthcare in Romania free? ›
You have to pay to use parts of the state healthcare system in Romania, although some parts are free. Charges are usually between 10% and 80% of the cost of treatment. For prescription medicines, the minimum you'll pay is 10% of the cost. The maximum you'll pay is the full cost.
Why are houses so cheap in Romania? ›
Following the fall of the communist regimes in Eastern Europe, states once socialist underwent widespread privatisation, and homes were handed from the state to the people. In Romania, property was bought well below the market price.
Can a US citizen open a bank account in Romania? ›
As presented earlier, both natural persons and legal entities have the right of opening a bank account here. This also applies to foreign entities and it must be noted that foreign individuals do not have to be residents in Romania in order to open a Romanian bank account.
Which bank is best for foreigners in Romania? ›
Which Romanian bank is best for foreigners and expats? There are a number of banks for personal banking customers in Romania. Three of the biggest are Banca Comerciala Romana (BCR), Group Societe Generale (BRD) and Banca Transilvania.
Citibank will not charge you a foreign exchange fee for purchase or withdrawal transactions when you use your Citibank Banking Card outside the U.S. and Puerto Rico. Other banks and ATM service providers may charge you a fee when you conduct a Citibank deposit account transaction using their ATMs.
How much money do you need to live in Bucharest? ›
Summary of cost of living in Bucharest, Romania: A family of four estimated monthly costs are 2,423.7$ (11,277.7lei) without rent. A single person estimated monthly costs are 692.9$ (3,223.9lei) without rent.
What is the average income in Romania in US dollars? ›
According to Salary Explorer, Romania's average salary is 2,008 USD or 8,980 RON per month, as per the exchange rates in May 2023. This national average wage gives you a peek into Romania's standard of living.
Is 2000 euro a good salary in Romania? ›
2000 € is around 9000 Romanian Leu (RON). That is a good salary. Pretty decent for a developer. More than decent for anyone employed in Romania.
What is the average salary in Bucharest in euro? ›
The official average net salary in Bucharest is 5904 RON (1204 Euro). Medical insurance and all taxes are already deducted. The average net salary increased in the last year by 14%, covering most of the yearly inflation.
