Citibank Argentina is the local subsidiary of multinational company Citibank N.A. and it provides products and services for big corporations, SMEs, local and international companies, investors, financial institutions and government entities. It offers corporate banking services, including financing, cash and asset management, international commerce, capital markets, and mergers & acquisitions. In 2016, it signed a US$1,400mn agreement with Santander Rio for its consumer banking business, which comprises checking accounts, saving accounts personal loans, as well as credit cards. The agreement is pending regulatory approval. Citibank Argentina was founded in 1914 and is headquartered in Buenos Aires.