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Press Room
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Citigroup Inc. (NYSE: C)
February 02, 2006
 
U.S.: Citigroup Named Global & Latin America "Best Overall Bank for Cash Management" by Global Finance
 
New York – Citigroup has been named Global and Latin American “Best Overall Bank for Cash Management” by Global Finance magazine. Citigroup’s Latin American operations won four of the six awards in the region. The company won a total of nine awards globally in the six different categories, making Citigroup the top in number of awards won in the 2006 edition of the Global Finance Best Treasury and Cash Management Banks and Providers Awards.
 
Citigroup was also recognized with the “Best Bank for Liquidity Management” Award in Latin America, Asia, and the Middle East; “Best Bank for Risk Management” award in Latin America and Asia; “Best Bank for Payments and Collections” in Latin America; and “Best CLS-Linked Bank Offering” in North America.
 
“Citigroup is honored to be recognized as the global leader in cash management, and our Latin American region is proud of being recognized as the best institution in four out of six categories awarded – more than any other company in Latin America,” said Dardo Sabarots, Citigroup’s Head of Global Transaction Services for Latin America. “We are very pleased that the editors of Global Finance have recognized our strong commitment to provide unparalled treasury and cash management services to our customers. This honor is also a testament to all of Citigroup’s employees."
 
Global Finance's editorial board selected the World's Best Banks based on performance over the past year and other criteria, including market leadership, customer service, competitive pricing and innovative technologies.
 
“In today's competitive global economic environment, treasurers need the best tools and advice available to make capital work harder than ever,” said Global Finance publisher Joseph D. Giarraputo. “Our awards identify the providers that consistently improve transaction processes to speed collections and reduce risks."
 
The Global Finance Best Treasury and Cash Management Banks and Providers 2006 Awards will be featured in the March 2006 issue of Global Finance.
 
For more information visit http://www.gfmag.com.
 
 
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Citigroup
Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex. Additional information may be found at www.citigroup.com.