Dhaka, Bangladesh (BBN)– Citi has been chosen as the Best Bank in Asia for 2009 by FinanceAsia magazine, one of Asia’s leading finance publications.

Citi also picked up the award for best commercial bank in Asia and best cash management bank in Asia Pacific. The awards are chosen by the editors of FinanceAsia.

In the editorial to announce the results, FinanceAsia said, “Importantly Citi is continuing to invest in key markets in the region and its consumer franchise is well entrenched and in addition to its strong commercial presence, Citi rebounded on the investment bank front too, raising more than US$120bn for clients in Asia Pacific in 2009. It is the go-to bank for many clients in the region.”

Citi has won the best bank award nine times in the last decade from Finance Asia.

The editorial also played up Citi’s local presence across the 18 countries in which it supports clients in Asia Pacific.

“We are delighted to have been chosen as the Best Bank in Asia. This award is a testament to Citi’s commitment to its clients, regulators and stakeholders and we would like to take this opportunity to thank them for their unwavering support,” said Mamun Rashid, Managing Director and Citi Country Officer, Bangladesh.

BBN/SS/SI/AD-12Januarty10-12:35 am (BST)