Major U.S. financial institution to open office in Guyana

Last Updated on Friday, 31 October 2025, 23:38 by Writer

Citi, a leading United States-headquartered financial institution, could open a representative office in Guyana as early as the first quarter of next year to serve corporate clients, according to well-placed sources.

“There is nothing to hold them back. We need that in this country badly and we know that they’re qualified,” a financial sector official told Demerara Waves Online News.

For its part, City said in a statement that its decision was subject to regulatory approval from the Bank of Guyana. The office would serve corporate rather than commercial clients.

Citi says its strategic initiative is driven by Guyana’s exponential economic growth, particularly in infrastructure and export financing, and its increasingly attractive investment climate. The opening of a representative office in Guyana will enable Citi to help its clients and partners access global markets and help support the growth, development and financial infrastructure of the country.

“We are very excited about the prospect of establishing a presence through a representative office in Guyana,” said Pablo del Valle, Citi’s Head for Central America and Caribbean in the statement. “Guyana’s growth trajectory and vibrant investment landscape, present a compelling opportunity for Citi, and further complement our unmatched global network. We are committed to working closely with the Bank of Guyana and other stakeholders to build strong and lasting relationships,” he added.

With a well-established presence in over 90 countries and jurisdictions across the globe, Citi aims to leverage its extensive scale and expertise to contribute significantly to the Guyanese economy.

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.