Citibank Hungary named winner for the sixth time in Global Finance magazine's Awards for the “World's Best Internet Banks 2011”

Awards covered Citi's services in 67 countries, including Hungary, the Czech Republic, Romania, Slovakia, Bulgaria, Ukraine and Russia

August 17, 2011

Citibank Hungary has for the sixth consecutive year been named “Best Corporate/Institutional Internet Bank” in the Global Finance Magazine awards for the “World's Best Internet Banks 2011” competition. Citi won prestigious awards in six other CEE countries, including the Czech Republic, Romania, Slovakia, Bulgaria, Ukraine and Russia. Together with the CEE countries Citi's internet banking services have been awarded in 67 countries around the world.

In addition, Citi was also awarded Best Investment Management Services, Best Online Cash Management, Best Trade Finance Services, Best Web Site Design, Best Information Security Initiatives, Best in Mobile Banking and Best in Social Media award categories in Central and Eastern Europe.

Alberto Verme, CEO for Citi EMEA, said: “We are pleased with the results of this year's Global Finance competition. It is a gratifying recognition of Citi's culture of innovation that harnesses the breadth and depth of our information together with a continued focus on client service.”

Batara Sianturi, Citi Country Officer for Citibank Hungary said, “We are tremendously proud that Citi's state-of-the-art platform and advanced internet capabilities continue to receive such a high recognition from Global Finance magazine, and every year more and more of our innovative services and functionalities are receiving top honors in this competition. We are committed to continuing to increase the service level, security and design of our internet banking platform for our customers in Hungary and in the region and I would like to thank our professionals for their great determination and skills which enables Citi to meet the needs of our diverse customer base with innovative solutions.”

Winning banks were selected among entries evaluated by an independent panel of judges at Infosys. Global Finance editors were responsible for the final selection.

Joseph D. Giarraputo, publisher of Global Finance, said, “In less than a decade, the Internet has transformed the way many consumers and most businesses bank. The continuing improvements in Internet offerings represented by this year's entries show that more significant Internet banking developments are still ahead of us.”

The winners were chosen based on their strength for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web design functionality.

Global winners will be announced and honored at an award ceremony in New York in November 2011.