Citi Philippines named Best Bank for 11th year

ABS-CBN News

Posted at Dec 10 2014 09:07 AM | Updated as of Dec 10 2014 05:07 PM

Manila – Citi Philippines once again won the Best Bank Award in the annual Triple A Country Awards with Hong Kong-based The Asset Magazine.

This was Citi Philippines' with its 11th straight win as Best Bank. It also holds the record for being the only foreign bank that has consistently ranked among the top commercial banks in the country in terms of assets, deposits, and loans.

Citi also won Best Bank in China, India, Indonesia, Korea, Singapore, Taiwan and Thailand.

Apart from the Philippines, other countries that marked over a decade of winning this prestigious award include Indonesia (13 years in row), Korea and Taiwan (12 years).

"The recognition this year and over the last decade underlines Citi’s consistency and commitment to our franchise across Asia. We continue to invest to support our clients and to further grow our business in this important region for Citi. Asia is at the heart of Citi’s global growth plans,” said Stephen Bird, Citi CEO Asia Pacific.

Meanwhile, CEO for Citi Philippines Batara Sianturi recognized the 7,000-strong team in the country for this latest recognition.

“Each day, we all come to work committed to deliver a remarkable experience to our clients, and it is their passion that fuels the fire for our continued success.”

Citi picked up the Best Foreign Investment Bank award in 3 markets in Hong Kong, India – which was a remarkable 11th year in a row, and Korea. Citi was also named Best Debt House in Australia, Indonesia and Vietnam, and Best Equity House in India and South Korea and Best M&A House in Hong Kong. Australia also picked up Best Brokerage House.