Citi Named Euromoney's Best Bank In Asia For Tenth Consecutive Year

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2009-07-17 10:24

Seoul--(뉴스와이어)--Citi has been awarded the title of best regional bank in Asia by the editors of Euromoney magazine for the tenth year running. Citi also picked up best bank in Singapore, best at cash management in Asia Pacific and best Hong Kong equity house.

Commenting on the awards, the editors of Euromoney said: “Citi is still the region‘s largest, most complete international bank. During the Euromoney awards period no other institution offered clients the same breadth of products across such a wide swathe of Asia. The firms cash management service is unsurpassed and in Singapore it competes with and even surpasses the best local institutions to become the country’s top bank.”

The award process is increasingly more competitive and for Citi to continue to win the best bank award is a reflection of Citi's continued commitment and investment in Asia.

In the last twelve months, Citi raised over US$120bn for Asia Pacific clients from the capital markets according to Dealogic data. Citi also launched commercial cards in India, Taiwan, Indonesia and depository receipts services in Hong Kong and Japan for issuers. In the region, Citi launched a new FX platform for clients in Asia Pacific called FX Velocity. In China, Citi opened rural lending branches and launched debit cards in China. Underlining Citi's commitment to launching new innovative products, the bank launched SMS Banking in the Philippines and a service in Singapore to allow the use of a Mobile phone as credit card in Singapore.

“This is great recognition of the talent and customer commitment of our team at Citi all across Asia. We are delighted to receive this award from Euromoney magazine for the tenth year running. We especially want to extend our sincere thanks to all our clients in Asia who place their trust in us and are the reason for our continued success,” said Stephen Bird, joint CEO for Citi Asia Pacific and head of Asia Pacific Consumer Banking and Cards.

“It was especially pleasing to be also named best bank in Singapore, underlining just how local we are as a bank in many of the markets in which we operate. These awards are testament to our focus on serving our clients and we will continue to provide innovative solutions to help our clients grow further,” said Shirish Apte, joint CEO for Citi Asia Pacific.

Euromoney is one of the world's leading monthly financial magazines. The awards are part of the Euromoney Awards For Excellence 2009. The annual awards set the standards for banking and capital market excellence amongst the top ranking financial institutions around the world.

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Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

웹사이트: http://www.citibank.co.kr