Citi awarded top Trade Finance honours

Friday, 1 July 2011 00:01 - - {{hitsCtrl.values.hits}}

New York: Citi announced that it has won top Trade Finance awards including Best Short-Term Trade Finance Bank, Best FI Trade Servicing Bank and Best DFI (Development Finance Institution) Finance Arranging Bank in the annual Trade Finance magazine client poll.

Additionally Citi was awarded several regional wins including Best Overall Trade Bank in North America as well as Best Overall Trade Bank in Asia for the 7th year in a row.

Citi’s reach was evident in the recognition received in the global awards for Best Short-Term Trade Finance Bank, Best FI Trade Servicing Bank and Best DFI Finance Arranging Bank.

Citi also received ‘Highly Commended’ honours for Best Trade and Supply Chain Bank, Best Export Finance Arranger, Best Structured Trade Finance Institution, Best Online Trade Finance Bank and Best Factoring Institution.

Citi was awarded Best Overall Trade Bank in Asia for the seventh year in a row. Asia also garnered repeat wins for Hong Kong, Bangladesh, Sri Lanka and Taiwan and secured ‘Highly Commended’ in China, Korea, India, Malaysia, Singapore and Thailand. In the Americas Citi retained the top spot as Best Overall Trade Bank in North America and Best International Trade Bank in Argentina, while also gaining new recognition for Best Trade Bank in Mexico (Banamex) and Best International Trade Bank in Colombia. ’Highly Commended’ designations were given for Best Trade Bank in the USA and Best International Trade Bank in Peru. Citi was also secured ’Highly Commended’ honors for Best Trade Bank in Europe and Best International Trade Bank in Pakistan.

With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the first quarter of 2011, it held on average $355 billion in liability balances and over $13 trillion in assets under custody.

Trade Finance magazine is published by Euromoney Institutional Investor and covers the global trade, export/import, commodity and supply chain finance markets.