LONDON--(EON: Enhanced Online News)--Citi was today named "Bank of the Year" by International Financing Review, Thomson Reuters’ leading financial industry publication. The IFR awards are among the most prestigious in the banking industry.
“The new slimmed-down, more focused Citigroup made impressive strides in 2016. After a methodical and orderly restructuring, Citigroup is now equipped with the strengths it needs to drive revenue growth”
IFR praised Citi’s simpler business model, stronger balance sheet and intense focus on its core clients.
"The new slimmed-down, more focused Citigroup made impressive strides in 2016. After a methodical and orderly restructuring, Citigroup is now equipped with the strengths it needs to drive revenue growth," said Matthew Davies, editor of IFR.
Michael Corbat, Citi CEO, said, “We have successfully transformed Citi into a simpler, smaller, safer and stronger firm, and we are now in a position to pivot to growth in our core businesses. My Citi colleagues and I greatly appreciate IFR’s recognition of the progress we’ve made and our strong commitment to our clients, which is the foundation of our success.”
In addition to Bank of the Year, Citi was also named best “Bond House”, “Interest Rate Derivatives House”, and “Commodity Derivatives House”.
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.
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