Citibank NA has recently won the “Best Corporate/Institutional Internet Bank in Bangladesh” for the fifth consecutive year at the Global Finance magazine's annual World's Best Internet Banks competition.

"Internet banking has transformed the way most businesses operate, and five consecutive Best Internet Bank awards signifies Citi's stronghold in this crucial segment," said Rashed Maqsood, managing director and Citi country officer for Bangladesh.

The consistent performance indicates Citi's contribution to the IT sector of Bangladesh, especially in promoting electronic fund transfers, the bank said in a statement yesterday.

Citi Asia Pacific won a total 26 awards at this year's edition in corporate/ institutional and consumer banks categories.

In the category of best corporate/institutional internet bank, Citi won in 15 out of 16 Asian markets.

News: Daily Star/Bangladesh/26-Aug-12