Euro money names Citi top emerging markets bank and equity house
July 15, 2013 | 11:59 am| | | Start Conversation
Euromoney, the preeminent global financial markets magazine, recognised Citi as “Best Global Emerging Markets Bank” and “Best Global Emerging Markets Equity House” at its annual awards for excellence dinner last week in London.
Euromoney said, “As global macroeconomic concerns, regulatory requirements and market pressures for cost-cutting bite universal-banking rivals, Citi continues to position its core global franchise in emerging markets, across retail, corporate and investment banking. As credit expansion continues to outpace nominal GDP growth in developing markets, the bank has reaped the subsequent growth in loans, deposits and earnings.”
Mike Corbat, Citi CEO, said, “Citi continues to focus on and invest in businesses and regions where we best support our clients. The emerging markets are our sweet spot. We’re proud to be able to help our clients do business around the world and are delighted that Euromoney has recognised us with these accolades.”
The two global awards were among 20 won by Citi, including a number of top regional awards: Best Bank in Africa, Best Investment Bank in Central and Eastern Europe and Best Equity House in North America.
The Euromoney Awards for Excellence are in their 22nd year and are recognised as among the most prestigious in the financial services industry.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Big Read |