Citi, the leading global bank having around 200 million customer accounts and does business in more than 160 countries, has been ranked top in Asia by the reputed financial magazine named FinanceAsia. This was the fifth year in a row Citi has picked up the award.
The editorial team at FinanceAsia magazine made the decision based on the performance of banks across institutional and retail banking during the year, said a press release issued by the bank yesterday.
The bank’s client work was also recognized with deal of the year, best sovereign bond, best Islamic bond, best leveraged loan and loan. Addition to the award, the bank’s client work was also recognised with deal of the year, best sovereign bond, best Islamic bond, best leveraged loan and loan.
In the editorial write up announcing the awards, the editors said: “Citi’s growth in Asia over recent years has been built on solid foundations…and the bank was an early mover in cross selling products between commercial and investment banking.”
“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,” said Stephen Bird, CEO for Citi in Asia Pacific.
Managing Director and Citi country officer for Bangladesh, Rashed Maqsood in a statement said, “We are delighted to receive this recognition from FinanceAsia. Industry awards and polls are an important way Citi positions its leadership and demonstrates endorsement from clients and the industry.”