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The American bank Citibank is to open a branch in Tel Aviv's Azrieli Towers. The bank will serve both private and corporate clients, Ma'ariv reports.

The bank is currently negotiating a lease of ground floor space in the triangle tower with Canit Hashalom Investments, the owner of the towers. The branch will be the bank's first retail branch in Tel Aviv.

Citibank began its operations in Israel in October of 1996. In 1999 it was the first foreign bank to receive the approval of the Bank of Israel to open a commercial branch in Israel. In the past it was reported the branches would be opened in Ra'anana and Herzliya, but there are no signs of these branches opening yet.

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