Citi ranked #1 globally and in Central and Eastern Europe as well
November 9, 2011
Citibank Hungary today announced that its Treasury and Trade Solutions business was voted the #1 Cash Management Bank in Hungary for the second consecutive year in Euromoney's annual cash management survey. In addition to capturing the top spot in the Hungary poll, Citi also took top honors in the global poll for the fifth year as well as won five regional awards and 13 country awards as voted by clients.
"Every day, our teams around the globe partner with our clients to help ensure that the solutions we deliver are relevant and help them achieve their objectives in an ever-changing business environment," said Naveed Sultan, Global Head of Citi's Treasury and Trade Solutions. "The Euromoney survey provides our clients an opportunity to tell us how we're delivering against this promise of being strategically relevant to their business priorities and operating models and I'd like to thank them for once again voting Citi #1."
"We, at Citibank Hungary are honored to have received such a high recognition from our clients in this year's Euromoney cash management poll. We highly value our relationships with our clients and their votes of confidence in us," said Batara Sianturi, Citi Country Officer for Hungary. "We pride ourselves on being a client-centric organization, focused on listening to and responding to the needs of our clients."
Corporates Results:
Citi ranked #1 in the following five regions covered in the poll: Africa, Central and Eastern Europe, North America, Latin America, and Western Europe.
Citi was also voted Lead Domestic Cash Management Bank in 13 countries: Algeria, Argentina, Cote d'Ivoire, Czech Republic, Gabon, Hungary, Kazakhstan, Kenya, Mexico, Nigeria, Russia, Slovakia and Spain.
Financial Institution Results:
Clients also cast their votes to make Citi top-ranking regional winners in the following categories:
Citi remains committed to providing clients with the most innovative tools and solutions, robust technology and access to its unparalleled global network. In addition to the global, regional and domestic poll wins, Citi was also highly ranked in the areas of Competitive Pricing, Industry Expertise and Knowledge, Quality of Electronic Banking Security, Quality of Personnel, Contingency Plan Capabilities/Preparedness, Overall Client Service, Technical Support and Guidance, Access to All Applicable Clearing Systems, and Innovative Payment/Collection Methods in this year's Service Satisfaction Rankings.
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 that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average $365 billion in liability balances and $12.5 trillion in assets under custody.
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