Citi Phils named Best Foreign Bank

MANILA, Philippines - For the 13th consecutive year, Citi Philippines is FinanceAsia magazine’s top pick for Best Foreign Commercial Bank in the country. Citi has been winning this award from FinanceAsia since it was introduced in 1998, and this year, it also won in the Best Foreign Investment Bank category. FinanceAsia is one of the leading monthly finance magazines in the Asian region.

In this annual Country Awards for Achievement, FinanceAsia takes a look at the best financial services firms in key countries across Asia, and Citi registered wins in many markets. Citi was also named Best Foreign Commercial Bank in Hong Kong, Singapore, Korea, Sri Lanka, Taiwan, and Thailand; as well as walked away with the Best Foreign Investment Bank trophies in India, Singapore and Vietnam.

“The relentless commitment to our clients and the consistent delivery of excellence is what defines Citi,” said Asia Pacific CEOs Stephen Bird and Shirish Apte, noting the strong momentum across the Citi franchise as proven by these awards from Finance Asia, along with its many other achievements in the first half of the year.

Citi Country Officer for the Philippines Sanjiv Vohra expressed pride in accepting the recognitions from FinanceAsia, while emphasizing that this is no time for Citi to rest on its laurels. “This is a call for us to deliver better performance, better service, better products to our clients. Citi stands firm on its commitment to power the financial infrastructure of the country by striving to serve the financial needs of corporates, institutions, and individuals,” said Vohra.

“Citi ranks fifth in the country in terms of loans, with more than $3.2 billion extended to customers as of the first quarter of this year. In the area of global transaction services, Citi is now competing vigorously for domestic customers by building its capabilities in local currencies and working with Philippine conglomerates as they venture overseas,” FinanceAsia editors said.