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Banking & Finance

Citi named Best Bank in Asia

Released at: 15:29, 05/08/2015

Citi named Best Bank in Asia

Euromoney magazine awards title to Citi for the eighth time in the last decade.

by Doanh Doanh

Euromoney magazine has named Citi as the Best Bank for 2015 - the eighth time in the last ten years the bank has picked up the prestigious award.

The awards were decided by the editors of Euromoney. In its global awards announced in July Citi was named Best Global Bank and Best Emerging Markets Investment Bank.

“In a highly competitive market this independent recognition is greatly appreciated by all of us at Citi,” said Mr. Mark Slaughter, Head of Corporate and Investment Banking Asia-Pacific. “I would also like to thank our clients, who place their trust in Citi to meet their financial needs.”

He added that Asia-Pacific is at the heart of Citi’s transformation and Citi is well placed to capture more of the growth opportunities in the region.

Citi also picked up Best Investment Bank and M&A House in India at an awards ceremony in Hong Kong on July 16.

Citi Asia is the largest region for the bank’s revenues and profits outside of North America, contributing over one-fifth of global profit in 2014. In the most recently reported figures for the second quarter of 2015, released on July 15, Citi Asia Pacific revenues for the second quarter were up 5 per cent to $3.5 billion and net income was up 54 per cent year-on-year to $1.03 billion.

Citi Asia has operations in 17 markets across the region and is one of Asia’s largest wealth managers, with over $255 billion AUMs with leading retail and institutional businesses. During the awards period Citi helped raise over $200 billion for clients from capital markets and advised on close to $100 billion in M&A deals.

Citi has two branches in Hanoi and Ho Chi Minh City. It strives to create the best outcomes for clients and customers with financial solutions that are simple, creative, and responsible.

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