CTSM targets 8% growth in trade transactions

Interview Citibank Malaysia CEO Sanjeev Nanavati.

GEORGE TOWN: Citigroup Transaction Services (Malaysia) Sdn Bhd (CTSM) is a targeting 7% to 8% growth this year for its total transactions handled at its trade processing hub in Penang.

CTSM managing director Srinath Sambasiva said the hub in Penang handled 20 million transactions last year with a throughput of US$5.8 trillion across trade and cash business.