Citi Sweeps Asiamoney's 2008 Cash Management Poll

July 27, 2008 9:39 a.m. EST

Dhaka, Bangladesh (AHN) - Citi has been named the best cash management bank in the southern Asia region by the Asiamoney 2008 Cash Management Poll.

In the client voted survey, Citi won both regional awards, named by respondents as the Best Cash Management Bank for Corporates and the Best Cash Management Bank for Financial Institutions, a Citibank press statement says in the capital, Dhaka on Sunday.

This year marks the first time that Citi has swept both regional cash management awards in the Asiamoney Cash Management Poll. In 2007, Citi was named by respondents polled by Asiamoney as the Best Cash Management Bank for Corporates in Asia.

After finishing second in 2007, Citi is extremely proud to claim its first win as Asia's Best Cash Management Bank for Financial Institutions, the statement added. In its 18th year, the annual Asiamoney Cash Management Poll is voted on by both corporate and financial institution clients. The 2008 poll included over 2,200 corporates and 350 financial institutions.

From the corporate space, votes were cast by senior treasury officials from listed companies, multinationals, small medium enterprises and unlisted firms. Individuals responsible for cash management and correspondent banking were polled for the financial institutions survey, according to the statement.