Dhaka, Bangladesh (BBN) – Citi Bangladesh has been named as the Best Internet Bank 2008 in the first round of awards by Global Finance, an international finance magazine with a circulation in more than 158 countries.

Citi Asia Pacific continued to sweep the Global Finance Magazine Internet awards, winning a total of 15 awards in the Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank categories in 2008.

This is the fourth year in a row that Citi has dominated Global Finance’s list of “World’s Best Internet Banks in Asia”, a Citigroup press statement said on Saturday.

Ajay Banga, Chief Executive Officer of Citi Asia Pacific, said, “The Internet is central to Citi Asia Pacific’s growth strategy. Speed and simplicity are at the foundation of everything we do. These industry awards underline the investments Citi continues to make in technology.”

Commenting on this, Mamun Rashid – Managing Director and Citi Country Officer, Bangladesh said: “Citibank pioneered internet banking in Bangladesh and today again we have been recognized by Global Finance for our leadership in innovation by winning this award.”

According to Global Finance Magazine, the winning banks were selected based on the following criteria: strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and website design and functionality.

BBN/SI/SI/AD-13September08-4:31 PM