News July 30, 2010 Global Finance names Citibank Best Internet Bank in Russia, Ukraine and Kazakhstan Global Finance experts give highest marks to the capabilities, security and convenience of Citi’s Internet bank, both for retail and corporate clients.
"In less than a decade, the Internet has transformed the way many consumers and most businesses bank," says Joseph D. Giarraputo, publisher of the Global Finance. "The continuing improvements in Internet offerings represented by this year’s entries show that more significant Internet banking developments are still ahead of us." The Global Finance rating includes banks, credit organizations and financial institutions 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. Zdenek Turek, Head of Citi in Russia & CIS, says: "We are honored to receive these awards from the Global Finance for Internet Banking, a business area that is very important for us. Innovation and technology leadership have always been one of our key priorities. We pride ourselves on employing the best experts in the field who facilitate access to the most effective Internet based solutions for our customers. It is the fourth subsequent year that that we have been named the Best Corporate/Institutional Internet Bank in Russia. However, I am particularly pleased that this year our accomplishments have been acknowledged both for Russia’s corporate and consumer segment, as well as for corporate clients in Ukraine and Kazakhstan." Amit Sah, Consumer Head of ZAO Citibank, says: "We are relentless in our efforts to improve and widen the scope of our Internet banking proposition. For instance, in 2010 we launched Citi Mobile, a mobile version of Internet-bank, and 3D Secure, the most advanced technology on the market for secure e-commerce transactions. We are grateful to our clients for their support, and we hope they will continue to benefit from and enjoy the many new products and services we propose to launch over the next few months." For Central & Eastern Europe, Citi was named the "Best Online Cash Management Bank" and "Best Trade Finance Bank" in the “Best Corporate/Institutional Bank" subcategory. Citi also received awards for the best information security and best Web-design in the regional "Best Consumer Internet Bank" subcategory. Citi is the leading global financial services company that provides services to circa 200 million client accounts and does business in more than 140 countries. Through its two operating divisions: Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutional clients with a broad range of financial products and services, including consumer banking and lending, corporate and investment banking, securities brokerage, and wealth management. For more information, visit www.citigroup.com or www.citi.com ZAO Citibank was one of the first banks with foreign capital that entered Russian market in 1993. Citibank has since grown to become one of the largest banks in the country. Citibank offers its corporate and individual clients a broad range of products and services. At present, the Bank has over 3,000 employees; its distribution network includes over 350 ATMs, retail branches across major cities in Russia, Kazakhstan, and Ukraine. For more information on Citibank in Russia, visit www.citibank.ru
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