OREANDA-NEWS. January 15, 2015. Citi is the best bank in Asia for 2014 according to leading industry publication FinanceAsia. The decision was made by the editorial team at FinanceAsia Magazine and was based on the performance of banks across institutional and retail banking for the last 12 months. This was the six year in a row Citi has picked up the award.

Citi also picked up best M&A bank after leading over US\\$85bn of M&A transaction in 2014. The bank’s client work was also recognized via deal of the year, best equity deal, best IPO, best equity linked deal, best M&A deal, best project financing, best loan and best private equity deal. The bank also led the transaction that picked up best country deal in Korea.

In the editorial write up announcing the awards, the editors said: “Citi wins our best bank award for its remarkable momentum in Asia….it also maintained a well-balanced split evenly amongst businesses and countries…Citi has managed to harness the growing importance of Asia in a region that now accounts for a third of Citi’s global net income and a fifth of its global revenues.”

“In a highly competitive market this independent recognition is greatly appreciated by all of us at Citi. I would also like to thank our clients who place their trust in us to meet their financial needs day in and day out and without whom this award would not be possible. Asia is at the heart of Citi’s transformation and we are well placed to capture more of the growth opportunities in this region,” said Stephen Bird, CEO for Citi in Asia Pacific.