The Euromoney Awards for Excellence recognized Citi as the world’s best digital bank and world’s best investment bank in the emerging markets.
Citi has won a record of forty-one global, regional and local market awards from Euromoney, a leading global financial markets magazine, at its annual Awards for Excellence that recognizes the best in banking across key areas that are most important to a bank’s key stakeholders, clients, board and executive management teams. The period of consideration for the awards was the 2023 calendar year.
In its 29th edition, the Euromoney Awards for Excellence recognized Citi as the World’s Best Digital Bank and the World’s Best Investment Bank in the Emerging Markets.
Citi also received multiple regional and local market awards including Asia’s Best Bank for Financing, Asia’s Best Investment Bank, Africa’s Best Investment Bank, CEE’s Best Investment Bank, Central America and Caribbean’s Best Investment Bank, Africa’s Best Bank for Transaction Services, Middle East’s Best bank for Transaction Services, Asia’s Best Digital Bank, Best International Bank in Kazakhstan, Indonesia, Japan, Korea, Pakistan, Dominican Republic, Guatemala, Honduras, Panama, Best Investment Bank in Ireland, Turkey, Romania, Argentina, Korea, Taiwan, Best International Investment Bank in Denmark, Italy, Sweden, India, UAE, Best Bank for Corporates in Brazil, Hong Kong and The Bahamas, Best Bank for Diversity and Inclusion in China, Malaysia, Vietnam, and The Philippines, Brazil’s Best Bank for Corporate Responsibility, Best Bank and Best Bank for ESG in Costa Rica, and Bahrain’s Best International Islamic Bank.
Citi won the award for Philippines’ Best Bank for Diversity and Inclusion.
Citi was recognized for its longstanding commitment to Diversity, Equity and Inclusion (DEI) that aims to build an equitable and inclusive culture. Citi Philippines has nearly 7,000 employees and has strong female representation throughout the company, as 60% are women. Diversity also plays a part in upper management roles. As of December 2023, 58% of the employees at the Assistant Vice President to Managing Director levels were women.
They also lauded the bank’s efforts in promoting an inclusive culture through its active employee networks including Citi Women’s Network, Citi Pride Network, Citi Families Matter Network and Citi Generations Network, who all offer strong support for employees from diverse backgrounds and situations.
Philippines CCO & Banking Head Paul Favila said, “We are honored by the recognition. We remain committed to fostering an equitable and inclusive culture where each of us at Citi can proudly reach our fullest potential, feel empowered to contribute and be our authentic selves at work.”
Citi was also recognized as Asia’s Best Investment Bank and Asia’s Best Bank for Financing. Euromoney noted that, “Standout deals in the debt space include a $1 billion debut sukuk for the Republic of the Philippines, completed in November amid high demand.”
“We are advancing our vision to be the preeminent banking partner for clients with cross-border needs. Our wins validate our commitment to have global conversations with our clients to grow their businesses and seamlessly deliver to them the breadth of products and services across the firm,” said Ernesto Torres Cantú, Citi’s Head of International. “We have shifted our business mix to focus on what we are really good at. We are modernizing the bank, sharpening our focus on risk and controls, and implementing processes to deliver the consistently high level of service our clients expect from Citi across markets.”
Citi’s unified Banking and International organization oversees the local delivery of the full firm to clients in more than 90 markets where Citi has an on-the-ground presence.
