OREANDA-NEWS. August 15, 2011. Citi in Russia, Ukraine and Kazakhstan has been named Best Corporate/Institutional Internet Bank by the Global Finance in 2011. It is the fifth consecutive year that the Global Finance experts have given highest marks to the capabilities, security and convenience of Citi’s Internet bank, reported the press-centre of Citi. 

Zdenek Turek, Head of Citi Russia and CIS, President of ZAO Citibank, said: "We are focused on helping our clients succeed and will continue to deliver best-in-class solutions to support their goals. Citi continuously invests in its franchise, development of the state-of-the-art technologies and our employees; we strengthen our market positions in Russia as well as CIS countries, one of the priority emerging markets for Citi. We hope that companies as well as individuals in Russia and CIS will continue to choose and benefit from Citi's advanced on-line banking solutions."

Citi was the first to introduce a unique CitiFX Pulse platform to the Russian market. It is a "one-stop shop" for all of the FX and investment needs that offers Citi clients online access to the real-time local pricing and global liquidity. CitiFX Pulse analytical toolkit features latest market news, charts, reports and Citi research, facilitating informed decision-making. Dedicated local language client support in over 50 countries integrates knowledge, product expertise, and IT infrastructure of one of the world's largest financial services institutions.

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 web site design and functionality.

For Central & Eastern Europe, Citi won seven out of 8 nominations and was named Best Investment Management Services; Best Online Cash Management Bank; Best Trade Finance Services in the Best Corporate/Institutional Bank subcategory. Citi also received awards for the Best Web Site Design; Best information security Initiatives; Best in Mobile Banking and Best in Social Media subcategory.