Bank wins internet banking accolade

Citibank (T) Ltd, the only US bank in the country since 1995 and part of the Citibank East African network, has won the Global Finance best corporate and institutional internet bank award for 2008. The bank said in a statement it had issued recently that the award involved selected banks from 68 countries around the world, including Cameroon, Congo, Cote d'Ivoire, Gabon, Nigeria, Senegal, South Africa, Tanzania, Uganda and Zambia in Africa. Global Finance has 50,000 subscribers and more than 284,000 readers in 158 countries. Mr Hamza Nassoro, the head of global transaction services at the bank, said that the bank was delighted to be recognised by Global Finance and feel it is demonstrative of its state of the art platform and advanced internet capabilities. "As an innovator in global banking and online treasury management services, Citi has been at the forefront of developing integrated online corporate and institutional banking services," the statement noted.
It has also ventured in web-based treasury management solutions to meet clients' growing demands for integration, efficiency and control � locally, regionally, and globally, it further noted. The bank, which is a fully owned subsidiary of US Citibank N.A. has one branch in the country. Citi, a leading US financial services company, has up to 200 million customer accounts and conducts business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, it added.