Citi Secures Top Honors
In Euromoney's Trade Finance 2008 Awards for Excellence Citi again garnered global wins for Best Trade Services Bank and Best Short -Term Finance Bank Top Regional Awards Repeat for Asia and Central and Eastern EuropeNew York, July 16, 2008 - These results are based on a readers' poll and online voting through Trade Finance's Web site, and have become an industry benchmark for institutions in gauging their value proposition. This year's ballots saw over 12,000 entries throughout the world.
"We are very proud of the recognition we've achieved in this year's Trade Finance poll," says Francesco Vanni d'Archirafi, Global Head of Treasury and Trade Solutions at Citi. "We are relentlessly focused on delivering best-in-class solutions and service to our clients around the world, and are especially pleased with the results because the recognition comes directly from our clients. We thank them for their support and look forward to continuing to help them succeed in their businesses by providing industry expertise, robust product solutions and best-in-class platforms to access the global network they have come to expect from us."
Cited for its global, market-leading expertise once again Citi was named Best Trade Services Bank and Best Short-Term Finance Bank. Citi was also named Best Export Finance Arranger, Best Forfaiting Institution and Best Supply Chain Bank in the highly commended category.
In Asia, Citi maintained the ranking of Best Trade Finance Bank for the fourth year in a row while increasing the country wins to 10. Specifically, "Best" awards were bestowed upon Indonesia, Korea, Vietnam, Taiwan and Hong Kong while China, India, Malaysia, Thailand and Singapore received "Highly Commended" nods.
Central and Eastern Europe again received the "Highly Commended" award for Best Trade Finance Bank. And, first-time winners, Pakistan and Russia were awarded "Highly Commended" designations for Best International Trade Bank.
For more information on the awards please visit our Web site at: www.2008awards.transactionservices.citi.com or Trade Finance's Web site at: www.tradefinancemagazine.com
Global Transaction Services, a division of Citi's Institutional Clients Group offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network spanning over 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the 1st quarter of 2008, it held on average $283 billion in liability balances under administration, and nearly $13 trillion in assets under custody and trust.
Citi, 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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com. Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.