day-3-financeasia-achievement-awards-2005--top-awards

Day 3: FinanceAsia Achievement Awards 2005 - Top Awards

We are pleased to announce the winners of the following awards: Best Bank, Best Commercial Bank, Best Investment Bank, Best Private Bank, Momentum House, Best Financial Law Firm.

Best Bank, Best Commercial Bank

Citigroup

Citi just gets stronger and stronger in Asia That fact became evident at an analysts and investor meeting it held in Hong Kong in September when it went through all its Asian numbers line-by-line If you actually looked at Citigroup Asia as a distinct bank, it would rank as the 40th largest in the world on the basis of profit

Citi's corporate and investment banking division made $571 million in the first half of 2005 and analysts estimate that its non-Japan, non-Australia business will make about $1 2 billion for the year as a whole What is even more impressive is that it does this on a 34% cost to income...

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