Miami, FL – Citi Latin America received seven awards from Global Finance Magazine for its trade, supply chain and treasury services in the 2022 Best Trade Finance Provider and Best Treasury & Cash Management Banks awards. Citi was named Best Trade Finance Bank in Latin America, the Caribbean and Mexico (Citibanamex). The bank also won Best Bank for Liquidity Management in Latin America, and Best Bank for Cash Management in Bahamas, Mexico, and Puerto Rico.
Additionally, Citi received three global awards including Best Supply Chain Finance Bank and Best Bank for Cash Management.
"We are thrilled with these recognitions from Global Finance," said Steve Donovan, Citi Latin America Head of Treasury and Trade Solutions. "Citi continues to strengthen its Treasury and Trade Solutions business by introducing new digital and sustainable solutions while providing world-class service to our clients. Whether opening an account, or delivering liquidity insights to help drive executive decisions, or executing transactions, we offer our clients a seamless digital experience and reduce friction from their operations."
Over the past 12 months, Citi delivered several market firsts in Latin America to enable clients' strategies and fuel the digital economy across the region as it faces economic recovery.
Recently, Citi added new functionality to its Supplier Finance portal, including an upgraded user-interface and simplified design. Citi also simplified its digital onboarding processes for suppliers. With the launch of digital onboarding in parts of the region, 100% of suppliers in Brazil, Colombia, Peru, Costa Rica, and Ecuador are now onboarded electronically and more than 2,900 suppliers in the region have gained access to our supplier finance programs.
"We are humbled that Citi has received such a prestigious recognition in Latin America. I am honored to lead and take part of this dynamic and hardworking team who, even during these unprecedented times, was able to excel and continue supporting our clients and their ecosystems once again. Citi's special combination of talent, footprint and product offering continues to thrive and serve our mission to be the best for our clients," said Andre Carvalho, Citi Latin America Head of Trade.
As clients prioritize environmental, social and governance (ESG) responsibilities, Citi is seeking to build solutions and relationships across the bank, with clients and the wider communities the it serves to meet this need. This year, Citi launched its Sustainable Supply Chain Financing solution to help clients' sustainability agenda and drive improvement of suppliers' social and environmental practices.
Citi is present in 21 Latin American countries, and can provide clients the scale and reach of a global bank.
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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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