day-1-financeasia-achievement-awards-2004--transactional-banking

Day 1: FinanceAsia Achievement Awards 2004 - Transactional Banking

FinanceAsia is pleased to announce the winners of six transactional banking awards for 2004.

Best Cash Management Bank

Citigroup

After years of tight fees and slim margins, cash management banks have hit a purple patch fertilized by upward trending interest rates and increased client interest in new products. Asian corporate treasurers emerging from a period of low earnings are now looking for ways to concentrate their account structures and manage regional balances from a single hub. When it comes to regional banking, Citigroup excels. The bank manages more than 60 shared services centres for clients in Asia, and this year picked up regional cash mandates from Dow Chemical and BAT among others. It claims to have won 80% of all regional...

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