OREANDA-NEWS. December 26, 2011. Citi announced it has been named World's Best Internet Bank for 2011 by Global Finance magazine. Citi was the recipient of over 90 global, regional and country awards, including 17 awards across Asia Pacific.

Honored with four regional awards, Citi was the first-ever recipient of the Best in Social Media and Best in Mobile Banking awards, both of which were newly introduced categories this year. On a country level, Citi was named the Best Corporate/Institutional Bank in 13 out of 20 Asia Pacific countries and has improved their standing from last year, with recognition in an additional two countries.

"Citi is thrilled to have earned this prestigious recognition by Global Finance," said Alan Lin, Managing Director, China Head for Citi's Global Transaction Services business. "We believe this is a true validation of our industry-leadership position in Internet banking and demonstrates our strength in Asia Pacific and as a global organization. Winning these awards is also a reflection of our steadfast commitment to providing our clients with the best technology platforms enabling them to succeed in today's challenging business environment."

Global Awards:

Best Overall Internet Bank

Best Corporate/Institutional Internet Bank

Best Investment Management Services

Best Online Cash Management Site

Best Web Site Design

Best in Mobile Banking

Best in Social Media for Corporate/Institutional Banking

Regional Awards & Country Awards:

Asia

Best Trade Finance

Best in Mobile Banking

Best in Social Media

Best Investment Management Services

Best Corporate/Institutional Bank

Australia

Bangladesh

China

India

Indonesia

Japan

Kazakhstan

New Zealand

Pakistan

Philippines

South Korea

Taiwan

Thailand

Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup's Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average USD 365 billion in liability balances and USD 12.5 trillion in assets under custody.