Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Citigroup : Global Finance Names Citi Best Corporate/Institutional Digital Bank in Asia Pacific

11/30/2021 | 02:31pm EST
For Immediate Release
Citigroup Inc. (NYSE: C)
November 30, 2021
Global Finance Names Citi Best Corporate/Institutional Digital Bank in Asia Pacific
Citi also won World's Best Digital Bank and Overall Best Corporate/Institutional Digital Bank in Global Finance's 2021 World's Best Digital Bank Awards

Hong Kong - Citi has been named Best Corporate/Institutional Digital Bank in Asia Pacific by Global Finance magazine in the second and final round of results of the publication's 2021 World's Best Digital Bank Awards. Citi was also awarded World's Best Digital Bank for the 20th consecutive year, and overall Best Corporate/Institutional Digital Bank.

Earlier this year, in the awards' first round of results, Citi was named Best Corporate/Institutional Digital Bank in 13 Asia Pacific markets-Australia, Bangladesh, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Korea, Sri Lanka, Taiwan, Thailand and Vietnam.

Citi was also recognized across a number of sub-categories in Asia Pacific, winning Best Online Investment Management Services, Best Online Treasury Services, Best Online Portal, Best Integrated Corporate Banking Site, Best Mobile Adaptive Site, and Best SME Banking.

"Our wins from Global Finance recognize our commitment to being the financial partner of choice for digital commerce. In response to the pandemic, an evolving operating environment and the growth of e-commerce, clients in Asia Pacific are increasingly adapting and embracing new and digitally-driven business models. Digital companies are also responding to these developments, with a focus on expanding their operations and capacity to meet the increase in demand for online services," said Rajesh Mehta, Asia Pacific Head, Treasury and Trade Solutions, Citi. "Supporting our clients and their priorities, we continue to invest in technology to transform the client experience and offer instant, real-time banking services. We remain focused on our innovation efforts and building out capabilities that enable our clients to engage with their customers and broader ecosystems differently."

Citi's digital banking platforms and services continue to see increased adoption by clients:

  • Close to 350 million API calls have been processed in Asia Pacific since the launch of APIs for corporates in 2017 with steady client adoption.
  • Instant Payments volumes have increased 46% year-on-year, between January to September 2020 and the same period this year.
  • CitiDirect BE®-Citi's award-winning online banking platform for institutional and corporate clients-recorded a 13% year-on-year increase in the number of users in October this year.
  • With more clients accessing the mobile version of the platform, the CitiDirect BE® mobile app user base is up by nearly 50%.
  • Using CitiDirect BE® Digital Onboarding, the majority of account opening is now digital. We saw a 120% increase in the number of accounts opened digitally year-on-year, between November 2019 to September 2020 and November 2020 to September 2021.

The winners of the Global Finance Best Digital Bank Awards are evaluated by a world-class panel of industry experts, based on a number of criteria, including strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives and web/mobile site design and functionality.

See more on Citi's World Best Digital Bank win.

Citi, the leading global bank, 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.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

Citi's Treasury and Trade Solutions
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

Media Contact
Harsha Jethnani, (852) 2868 7738, harsha.jethnani@citi.com


Citigroup Inc. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 19:30:09 UTC.

ę Publicnow 2021
All news about CITIGROUP INC.
01/28U.S. SEC approves new U.S. exchange with blockchain feed, faster settlement
01/28Financials Up As Risk Appetite Rebounds -- Financials Roundup
01/28Wells Fargo Lowers Citigroup's Price Target to $85 From $95, Maintains Overweight Ratin..
01/28Western Digital Shares Sink as Fiscal Q3 Outlook Misses Wall Street Views, Analysts Cut..
01/28Kroger Shares Drop After Citigroup Downgrade
01/28Oxford Industries Shares Fall After Citigroup Downgrade
01/28North American Financial 15 Split Corp Completes Overnight Offering of Nearly $87.7 Mil..
01/28WALL STREET STOCK EXCHANGE : US inflation figures and earnings reassure investors
01/28Citi Works With Five Black-Owned Firms on Bond Issuance
01/28Financial Stocks Decline Premarket Friday
More news
Analyst Recommendations on CITIGROUP INC.
More recommendations
Financials (USD)
Sales 2021 70 739 M - -
Net income 2021 20 779 M - -
Net Debt 2021 - - -
P/E ratio 2021 6,40x
Yield 2021 3,16%
Capitalization 128 B 128 B -
Capi. / Sales 2021 1,81x
Capi. / Sales 2022 1,79x
Nbr of Employees 223 000
Free-Float 64,8%
Duration : Period :
Citigroup Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CITIGROUP INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 64,69 $
Average target price 78,20 $
Spread / Average Target 20,9%
EPS Revisions
Managers and Directors
Jane Nind Fraser President, Chief Executive Officer & Director
Mark A. L. Mason Chief Financial Officer-Institutional Clients
John C. Dugan Chairman
Mike Whitaker Head-Operations & Technology
Mary Mcniff Chief Compliance Officer
Sector and Competitors