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Citigroup Pakistan Named Winner in Global Finance Magazine’s 2006 Awards for "World's Best Internet Banks”

Karachi- Citigroup today announced that it has won Global Finance magazine’s 2006 Awards for "World's Best Consumer Internet Bank” and “World’s Best Corporate/Institutional Internet Bank” in Pakistan. Citigroup was also the winner of Best Online Consumer Credit Site Award, Best Online Cash Management Site Award and Best Investment Management Services Award across Asia.

Global Finance is a reputable finance magazine with a circulation in over 158 countries. The magazine covers a wide spectrum of subjects including corporate financing, capital markets, monetary policies, banking operations and risk management.

The criteria for the Best Internet Bank award categories included strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from internet initiatives and web site design and functionality.

Mr. Robert Law, Pakistan, Middle East and Africa Division Executive for Citibank said: "For the second year in a row, Citibank wins Global Finance’s World’s Best Consumer Bank Award, a clear recognition of our Internet banking platform here in Pakistan. Receiving awards from respected industry observers gives us great pleasure and motivates us to keep working to deliver to consumers the best proposition in the market, including most convenient and secure online services that help them better manage their financial lives.”

Mr. Zubyr Soomro, Citigroup’s Country Corporate Officer, added: “These awards are a clear recognition of our service and a vote of confidence by clients and industry experts. We believe that Citibank Online and CitiDirect are unrivalled in providing banking functionality while ensuring that the system is as user-friendly as possible. We are also committed to providing the highest quality of service and a wide array of corporate and consumer products to our customers.”

Citigroup has been at the forefront of developing Internet-based delivery capabilities for both retail customers (Citibank Online) and corporate clients (CitiDirect) in Pakistan, in addition to other B2B e-commerce initiatives that provide clients with full procurement solutions. By using Citibank Online, customers can perform a variety of regular banking transactions, such as checking balances or downloading account activity statements. Moreover, customers can transfer funds worldwide, pay utility bills, redeem reward points, order cheque books or subscribe to a number of value added services, round-the-clock and, anywhere in the world.

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