Best Foreign Bank - Citibank
With four large domestic banks holding a 70% share of the corporate banking market, Australia has been a tough nut to crack for foreign firms. But with sheer determination and the backing of an almighty global balance sheet, Citibank has carved itself a handsome niche in the local market.
Now the largest international bank in Australia it has over $10 billion in assets in the country and 1700 employees to service just over a million retail customers and 400 corporate customers. It has offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. Independent analysis of Citibank's share of the corporate banking sector has it controlling 11.9% of the market...