[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 26 October 2006, 13:18 GMT 14:18 UK
Citigroup to create 200 new jobs
Citigroup HQ
Citigroup is the largest bank in the United States
America's largest bank is set to create almost 200 new jobs at its Belfast base.

Citigroup has announced that the 185 jobs will be based at its technology centre of excellence in Belfast.

It said the investment would "contribute a further 21m to the local economy" and bring employment at Citigroup's Belfast operation to 560.

Invest Northern Ireland has offered 3.6m in financial assistance for the investment.

Secretary of State Peter Hain said Citigroup's commitment to Northern Ireland was clearly evident through several major investments it had made.

"This new investment will strengthen Citigroup's presence in Northern Ireland, provide high quality, sustainable career opportunities and further enhance and build Northern Ireland's reputation as a world class centre for financial services companies," he said.

Robert Druskin of Citigroup Corporate and Investment Banking said its Belfast centre "has delivered significant benefits to our global operations".

"With the rapid development of our Belfast operation, we are now in a position to strengthen our presence with a second major investment," he said.

"We are confident that through our renewed commitment to this region we will continue to add value both to Citigroup and the NI economy."




VIDEO AND AUDIO NEWS
Mark Worthington reports on the jobs announcement



SEE ALSO
Citigroup has takeover ban lifted
04 Apr 06 |  Business
'Tougher' markets hit Citigroup
18 Jul 05 |  Business
Citigroup fined 14m by watchdog
28 Jun 05 |  Business
Citigroup pays $2bn in Enron case
10 Jun 05 |  Business
Citigroup in $15bn share buyback
15 Apr 05 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific