Citi and Etihad sign on First Sustainable Deposit Solution

Citi and Etihad sign on First Sustainable Deposit Solution

- Etihad Airways, the national airline of the United Arab Emirates, becomes the first client to deposit funds in Citi ADGM’s Sustainable Deposit.

Abu Dhabi: Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched deposit solutions will further assist the airline in investing excess cash as part of its sustainability agenda.

Etihad will have access to Citi’s two new deposit solutions – Sustainable Time Deposit (TD) and Sustainable Minimum Maturity Time Deposits (MMTD) – which deliver competitive yields and are based on Citi’s green and social bond frameworks, supporting the UN’s Sustainable Development Goals (SDGs).

Elissar Antonios, Citi UAE CEO and MENA Cluster Head, Citi said: “We are delighted to partner with Etihad Airways as our first client to deposit funds in Citi’s ADGM Sustainable Deposit Solution and explore new and innovative ways to support their sustainability objectives. Our new series of deposit solutions reflect Citi Leadership’s commitment in helping our clients advance ESG KPIs in their treasuries through a range of sustainable solutions.”

Adam Boukadida, Chief Financial Officer of Etihad Aviation Group said: “Etihad is committed to sustainability at every touchpoint across our business, from decarbonising our operations through the Greenliner and Sustainable50