Miami, Fla. – Citi Latin America took the top spot in Euromoney's Trade Finance Survey, which recognizes the leading providers of trade finance products and services. Citi ranked number one in 11 categories, including Market Leader for Trade Finance in Latin America, Brazil and Paraguay; Best Service for Trade Finance in Argentina, Brazil and Paraguay; Best Overall Trade Finance Service, Best Advisory Service, Best Digital Offering, Best Market Insight, and Best Support and Advisory Services in Latin America.
"To be ranked number one in Trade Finance services in Latin America by clients is a prestigious honor," said Steve Donovan, Citi Latin America Treasury and Trade Solutions Head. "In the last two years, we have seen a major upswing in our trade finance business in the region as companies increasingly seek to leverage our solutions to deliver growth and resilience across their supply chains. This recognition is validation for the great work of our team and the investments Citi has made to support our clients."
Euromoney surveyed more than 11,000 consumers of trade-finance services to rank and assess their top providers. The survey is designed to provide information on the global trade finance market and the opportunity to rank trade finance providers across a selection of categories as rated by their clients.
Trade service clients have embraced Citi's digital capabilities, with around 90% of high-volume clients using the CitiDirect BE® platform to initiate transactions, including commercial and standby letters of credit and bank guarantees.
Citi was named the World's Best Digital Corporate/Institutional Bank in Latin America by Global Finance in 2020. Citi also won 24 additional awards in the region, including awards for its digital trade finance services.
List of Awards
The Euromoney recognitions referenced in this press release are the following:
For more information about CitiDirect BE® visit here.
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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Alexandra Ravinet, Alexandra.email@example.com