Citi Named Best Bank in Asia by The Asset Magazine

INDUSTRY.co.id - Jakarta, April 26, 2022 – After a record year supporting clients across Asia Pacific, Citi was named Best Bank, Best Corporate & Institutional Adviser, Best Equity Adviser, Best Equity-Linked Adviser, and Best Bond Adviser by The Asset Magazine.

While in Indonesia, Citi is also received multiple awards from The Asset Magazine in eight categories at once, namely Best Bank-Global, Best Bond Adviser-Global, Best Bond, Best Sustainability Bond-NBFI, Best Rights Issue, Best Quasi-Sovereign Bond, Best Capital Bond, and Best M&A Deal. The achievement also marks the twentieth time in a row that Citi Indonesia has won the Best Bank Global award.

CEO Citi Indonesia Batara Sianturi said, “This achievement is the result of Citi’s collaborative work and at the same time serves as an illustration of our remarkable services, which is recognized by the Asset Magazine. We are proudly wholeheartedly present these awards to our loyal clients and partners.”

During 2021 Citi helped raise over US$200bn for clients across the region, including over US$30bn from ESG related transactions. Many of these deals were also recognized by the Asset in their annual awards.

“These awards are important recognition of our growth strategy in Asia. I would like to thank our clients for the trust they place in Citi’s network, and our teams across the region for their commitment to our franchise,” said Citi Asia Pacific CEO Peter Babej.

In the editorial write up, the Asset recognized Citi’s equity capital markets team that had an outstanding year in 2021, bringing a number of market-defining initial public offerings for the likes of KakaoBank in Korea, Zomato in India and Monde Nissin in the Philippines.

It also brought to the market Prosus’ US$15 billion accelerated equity offering in Tencent Holdings, representing the largest-ever overnight equity transaction. In terms of debt capital markets, Citi’s transactions included several ESG-related bonds such as those for Indonesia, Korea, and Hong Kong. It was a top performer in the Greater China G3 offerings and led debt product innovation in the ASEAN region.

Prior to this, Citi Indonesia also received four awards from Infobank Magazine at the 11^th Infobank Digital Brand Awards. The awards include Corporate Brand, Debit Card from Foreign Bank, Credit Card from Foreign Bank, and Wealth Management for Citigold.