Citibank is voted "Best Bank" for second year running in Euromoney's 1996 excellence awards; Repeats emerging markets success; Receives 39 awards in total.NEW YORK--(BUSINESS WIRE)--July 11, 1996--In Euromoney magazine's annual awards for excellence among banks worldwide in 1996, Citibank has been voted the Best Bank overall for the second year running. In addition, it was named the Best Emerging Markets Bank -- also a repeat of its 1995 success. In total, the bank received 39 awards, 30 of which were individual country awards, more than any other financial institution. In the regional awards categories, Citibank was named Best Bank in five regions -- Asia, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). , Middle East and Africa. In the product categories, Citibank was named Best Bank in Foreign Exchange and Best Underwriter of Asset Backed Debt. And the 30 country awards included the USA, UK, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore, Argentina, Mexico, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Kenya and Bahrain. Citibank was also awarded top tier positions in derivatives, project finance, global custody, syndicated loans and Eurocommercial paper Eurocommercial Paper An unsecured, short-term loan issued by a bank or corporation in the international money market, denominated in a currency that differs from the corporation's domestic currency. Notes: For example, if a U.S. . And as "one to watch" in emerging markets research. Euromoney highlighted "Citibank's unrivalled franchise" and described 1995 as a "strikingly good year for performance." The magazine also refers to Citibank's core consumer business and its "strong brand image of efficient, convenient, high-quality banking - or 'Citibanking'". In emerging markets, Euromoney says Citibank "has an unrivalled ability to deliver both complex and simple wholesale banking products, from cash management for oil companies in central Asia to currency trading services for local banks in Vietnam." Citicorp, with its presence in 98 countries and territories, earned US$ 3.5 billion in 1995. Citibank is its principal subsidiary. The full list of awards given to Citibank in 1996 is as follows: General: Best Bank, Best Emerging Markets Bank. Regional: Best Bank in Asia, Latin America, Western Europe, Middle East, Africa. Products: Best Bank in Foreign Exchange, Best Underwriter of Asset Backed Debt. Top Tier in Derivatives, Project Finance, Global Custody, Syndicated Loans and Eurocommercial Paper. "One to watch" in Emerging Markets Research. Countries: Best Bank in USA, Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. , and Nigeria; and Best Foreign Bank in Argentina, Australia, Bahrain, Bolivia, Canada, China, Czech Republic, Ecuador, Finland, Greece, Hong Kong, Indonesia, Ireland, Japan, Kenya, Malaysia, Mexico, Peru, Singapore, South Korea, Sweden, Taiwan, Thailand, Tunisia, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. , UK and Venezuela. CONTACT: Kathryn Carassalini (London): (44) 171 438 1303 or Kenneth Campbell (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ): (1) 212 559 0048 or Amy Dates (New York): (1) 212 559 7608 |
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