Global Finance Names the World's Best Internet Banks for 2006 at Awards Dinner in New York

NEW YORK – On November 7th, 2006 Global Finance presented its World's Best Internet Bank Awards at an awards dinner in New York. A full report will appear in the December 2006 issue of Global Finance.

Global Finance's World Best Internet Bank Awards are based on submissions from banks that wish to be considered. This year, 147 individual banks from around the world entered the competition. A judging panel composed of representatives from Tata Consultancy Services Ltd. evaluated the entries. Based on the judges' evaluations, Global Finance's editors made the final selections.

Winners were selected based on strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customer base, breadth of products offered, evidence of tangible benefits gained from internet initiatives, and web site design and functionality. Sub-category winners were selected on the basis of relative strength of those products and services.

At the November 7th Awards Dinner, the overall winners for Regional and Global Corporate/Institutional Internet Banks as well as Regional and Global Consumer Internet Banks were announced. Also announced were the overall global sub-category winners. The grand prize of Best Overall Global Internet Bank was presented to Citigroup.

The banks that won awards announced at the Awards dinner were:

Global Winners

Citigroup: Best Corporate/Institutional Internet Bank - Global
HSBC: Best Consumer Internet Bank - Global
Citigroup: Best Overall Internet Bank - Global

Best Overall Corporate/Institutional Internet Bank by Region

North America Citigroup
Europe HSBC
Asia/Pacific Citigroup
Latin America Banco Bradesco
Central and Eastern Europe Citigroup
Middle East and Africa HSBC

Best Overall Consumer Internet Bank by Region

North America Bank of America
Europe Citigroup
Asia/Pacific HSBC
Latin America Banco Rio de la Plata, S.A.
Central and Eastern Europe RZB
Middle East and Africa Samba

Overall Sub-Category Winners: Best Corporate /Institutional Internet Bank

Garanti Bank: Best Investment Management Services
Citigroup: Best Online Cash Management
Citigroup: Best Trade Finance Services
Wells Fargo: Best Web Site Design
Wells Fargo: Best Integrated Bank Site
JPMorgan Chase: Best Information Security Initiatives

Overall Sub-Category Winners: Best Consumer Internet Bank

Bank Financial Group: Best Online Deposits Acquisition
Bank of America: Best Investment Management Services
Bank of America: Best Bill Payment & Presentment
Wells Fargo: Best Online Credit
Wells Fargo: Best Web Site Design
Bank of America: Best Integrated Bank Site
HSBC: Best Information Security Initiatives

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Citigroup Corporate and Investment Banking
Citigroup Corporate and Investment Banking is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. As a global leader in banking, capital markets, and transaction services, with a presence in many countries dating back more than 100 years, Citigroup Corporate and Investment Banking enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Citigroup
Citigroup (NYSE: C), the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com