May 8, 2012
Citibank Hungary was named Best Investment Bank in Hungary for the fourth year in a row, as well as the Best Foreign Bank in Hungary by EMEA Finance Magazine as part of their annual financial institution ranking, the Europe Banking Awards 2011.
Batara Sianturi, Citi Country Officer for Citibank Hungary said: "In 2011, we celebrated the 25th anniversary of our presence, ingenuity and leadership in Hungary and we are also very excited about 2012 that marks the 200th anniversary of Citi serving our clients and the community around the globe. We are very honored and pleased to have our 2011 outstanding performance recognized by the prestigious EMEA Finance magazine. Citibank Hungary rests on solid foundations. In 2011 we achieved a strong year-on-year top line growth and positive operating leverage, we managed our expense base, risks and liquidity successfully and participated in a number of landmark investment banking transactions for our key corporate clients in the business and public sector supporting them in achieving their financial goals."
EMEA Finance is a bimonthly premier publication that is dedicated to report major financial events and happenings initiated and influenced by the international financial industry active across the EMEA region: in Europe, Middle East, and Africa.
According to EMEA Finance's criteria, the prestigious Europe Banking Awards recognize the achievements of leading commercial and investment banks in Europe, the Commonwealth of Independent States and Russia that stand out among their peers, demonstrate leadership in their home markets, top the performance and deal-making tables both in individual countries and across the region. The awards consider various performance and structural factors, such as market share, growth in important product classes, profitability and corporate strategy.
The winners will be honored at an award ceremony in London in May 2012.
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