Citi names best bank in Asia | 2018-08-17 |

Citi names best bank in Asia

Business Desk     17 August, 2018 12:00 AM printer

Citi has been awarded Asia’s Best Bank at the Euromoney Awards for Excellence, held in Hong Kong recently.

The award, decided by the editors of the magazine, recognises the bank that has made the most progress in the region over the last 12 months, said a press release.

“Asia, including Bangladesh, is an important contributor to Citi’s growth plans and this award is recognition that our platform is outperforming and contributing strongly to Citi’s future. The priority now is to build on these solid foundations and grow further to support Citi’s global targets.”

The Asia awards came a week after Euromoney announced Citi globally as the Best Investment Bank, Best Bank for Financing and the World’s Best Bank for Corporate Responsibility.

In the editorial write up accompanying the Asia award, the editors said: “The consumer and digital revamp has helped Citi come up with numbers that are impressively diverse in their sources but it is not just about consumer by any means. Citi excels in most areas it handles. Its transaction banking and markets businesses, for example, are among the best in the region. Big but innovative, it is the name to beat in cash management and trade finance, embedding itself in the supply chain of its clients.”

N. Rajashekaran, Citi Country Officer Bangladesh Said “We are very proud of this award. It is a testament to Citi’s continuous effort to achieve excellence and efficiency in providing client solution across product and geography. In line with its regional leadership, Citi is providing new and innovative solutions to its customers for over 30 years in Bangladesh.”

In its institutional business the bank’s Asian network is increasingly supporting the growth in intra-Asia trade with revenues from client work in Asian trade corridors up 33 percent in 2018.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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 brokerages, transaction services, and wealth management.