Citibank Hungary's Zero Fee Bank Account for the fourth time voted the Best Bank Account Award in the MasterCard – Bank of the Year Competition

November 16, 2011

Citibank Hungary's Zero Fee Bank Account for the fourth consecutive year was voted #1 in the 2011 MasterCard – Bank of the Year competition, a recognition that no other financial institution received for a single product over the six-year history of MasterCard's industry competition in Hungary.

In addition to capturing the top spot in the Best Bank Account Award Category, Citibank was also voted among the top three Best Banks in Hungary and was appreciated for the fourth time in the Best Bank for Corporate Social Responsibility category, for its programs focusing on financial education, building social enterprises and driving environmental awareness with customers.

Batara Sianturi, Citi Country Officer for Hungary said, "We are proud to have won for the fourth year in a row the Best Bank Account Award in MasterCard's Award Competition – a major benchmark of excellence in Hungary's banking industry. In addition, it is a historic achievement for Citibank Hungary to be inducted to the Top three banks in the country, which is a reinforcement of our commitment to customers, innovation and client excellence."

Jon Wiggins, Consumer Business Manager for Hungary also remarked, "Winning this outstanding accolade for the fourth time in a row is a professional recognition of the value we create for our customers, proving that Citibank is a credible and trustworthy institution. I would like to thank our teams for the passion they provide in serving our customers and for demonstrating the spirit required to win in a challenging macroeconomic environment."

Citibank Hungary Team receives the Best Deposit Account Award at the 2011 MasterCard - Bank of the Year Competition award ceremony on 10 November

Citibank's Zero Fee Bank Account launched in March 2008 was Hungary's first free bank account package that provides the customers with comfort and freedom in managing their finances to a never experienced extent. Customers selecting the Zero Fee Bank Account are offered unlimited domestic currency cash, online and phone service transactions and a free chip debit card with three complimentary supplementary cards.

About the MasterCard – Bank of the Year Competition

The MasterCard – Bank of the Year Competition has been running in Hungary since 2006, main sponsor of it being MasterCard Worldwide. The awards of the professional categories are given by the anonymous voting of an independent 100-member professional jury made up of business leaders, economic journalists and university teachers. The Banker of the Year Award is decided by voting of invited bank CEOs. The Best Bank for Corporate Social Responsibility category was launched in 2008 in which submissions are being evaluated by a separate jury consisting of representatives of major non-profit organizations in Hungary.