Citi has been adjudged the best bank in Asia for 2014, according to the leading industry publication FinanceAsia.
The editorial team of the magazine made the decision based on the performance of banks across institutional and retail banking for the last 12 months.
This was the six year in a row Citi has picked up the award, said a press release.
During the year Citi helped raise over $150bn for clients from international capital markets and advised on over $85bn in M&A.
In Bangladesh, Citi acted as the Sole Bookrunner and Lead Manager of the first ever international bond offering by a corporate issuer.
In 2014, the bank also passed 7m digital banking users in Asia and passed $250bn in client assets in the region for the first time in its history.
Citi also picked up the best M&A bank after leading over $85bn of M&A transaction in 2014.
The work of banks’ clients was also recognised via deal of the year, best equity deal, best IPO, best equity linked deal, best M&A deal, best project financing, best loan and best private equity deal.
The bank also led the transaction that picked up the best country deal in Korea.
In the editorial write-up announcing the awards, the editors said: “Citi wins our best bank award for its remarkable momentum in Asia….it also maintained a well-balanced split evenly amongst businesses and countries…Citi has managed to harness the growing importance of Asia in a region that now accounts for a third of Citi’s global net income and a fifth of its global revenues.”
“In a highly competitive market, this independent recognition is greatly appreciated by all of us at Citi. I would also like to thank our clients who place their trust in us to meet their financial needs day in and day out and without whom this award would not be possible. Asia is at the heart of Citi’s transformation and we are well-placed to capture more of the growth opportunities in this region,” said Stephen Bird, CEO for Citi in Asia Pacific.
“By leveraging Citi’s strong network, we strive to meet the expectations of our clients and this win demonstrates Citi’s commitment to providing the best solutions to them in the Asia Pacific region.” said Rashed Maqsood, managing director and Citi country officer for Bangladesh.
