Citi named Best Foreign Bank in PH
MANILA, Philippines - Citi received the Best Foreign Bank in the Philippines award for the 5th straight year at the Alpha Southeast Asia Best Financial Institution Awards.
Alpha Southeast Asia cited Citi's 111-year history in the Philippines, as well as its position as the leading financial partner of choice for corporate and consumer clients.
"Citi has built the strongest combined capabilities among
foreign banks in the country. Citi has consistently been one of the top three players in foreign exchange in terms of volume traded in the interbank market. The strength of its franchise and skill in execution has made Citi the bank of choice for the largest capital inflows into the
country," the magazine said in its editorial.
Citi Country Officer Batara Sianturi thanked the organizers for the recognition.
"We continue to leverage our global platform in providing best in class products and services that serve the financial needs of our clients. Citi has enjoyed a legacy of success in the Philippines for more than a century, and we draw inspiration from this recognition as we take Citi into its next century,” Sianturi said.
Citi is the only foreign bank that has entered and consistently ranks among the top ten commercial banks in the country.
As the largest foreign commercial bank in the country, “Citi takes pride in being firmly entrenched in the Philippines. We remain committed to enabling progress in the country by continuously driving innovation and helping our clients achieve their dreams," Sianturi said.