Citi bags 11th straight Best Bank in Phl award

MANILA, Philippines - Citi Philippines has continued its decade-long winning streak in the annual Triple A Country Awards with Hong Kong-based The Asset Magazine with its 11th straight win as Best Bank.

The country’s largest foreign bank 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).

Citi chief executive officer for Asia Pacific Stephen Bird said the recognition underlines Citi’s consistency and commitment to its 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,” Bird added in a statement.

Meanwhile, Citi Philippines chief executive officer Batara Sianturi made sure to recognize 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,” Sianturi said.

Citi helped raise $185 billion and participated in $85 billion worth of M&As advised on during the year for Asian clients was also recognized via the investment banking and capital market country awards.

Citi picked up the Best Foreign Investment Bank award in three 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.

Client work was also recognized with transactions from China, Singapore, Taiwan and Vietnam picking up Best Country Deal awards.