Citi has been awarded “Asia's best bank 2018” at the Euromoney Awards for Excellence, held in Hong Kong recently.
The award recognises the bank that has made the most progress in the region over the last 12 months, decided by the editors of Euromoney, an English-language monthly magazine focused on business and finance.
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”, the bank said in a statement yesterday.
“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,” said editors in the editorial write up accompanying the Asia award.
“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 for 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,” he added.