March 12, 2012
On March 6, 2012, Citibank Hungary was named the "Primary Dealer of the Year in 2011" by the Hungarian Government Debt Management Agency (ÁKK). In addition to this accolade, Citibank Hungary's Markets team was also selected as market leader in the category acknowledging the "Primary Dealer with the most dynamic growth of primary market share in 2011".
Batara Sianturi, Citi Country Officer for Citibank Hungary said, "As part of a unique global institution with an unmatched history of 200 years, global network and expertise, Citibank has been a longstanding partner for the Government of Hungary in attracting international investors from around the globe and supporting its endeavor to get access to financing solutions from capital markets. We highly appreciate this award through which ÁKK is recognizing Citibank Hungary's outstanding overall performance in the sovereign debt market in 2011."
"Winning this honor based on a number of measures including primary market share, repo activity with the debt management agency, buyback auction activity and secondary market turnover is a reinforcement of our commitment to the sovereign debt market and our clients in Hungary," added Roman Kovac, Head of Markets in Hungary.
Primary dealers play a key role in providing sovereign financing for the central budget. ÁKK continuously monitors and controls primary dealers' performance based on which it defines the annual league-table consisting of various categories to recognize best performers. AKK launched this award program in 1997.
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