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  • Writer's pictureKerline A. Charles

Citigroup to cease operations in Haiti

Citigroup said on Monday it was ceasing its operations in Haiti due to diminished international activity and lower institutional client demand in the country.

The international banking and correspondent banking services will continue for existing clients.

Citibank will voluntarily surrender its banking license, it said, adding that the move will not have a material economic impact.

The bank has maintained a presence in Haiti for more than 50 years.

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