Citibank has been named "Best in Foreign Exchange'' in the Euromoney s annual awards for excellence, reports UNB.

Overall. Citibank was named best bank of the year and best bank in the emerging markets, said a press release yesterday.

The bank took a record number of individual country awards with 25 more than any other financial institutions, reflecting the strength of Its global network.

Overall, it won in 37 categories including Best Underwriter of Asset backed Debt” and regional awards where it was named "Best Bank" In Asia. Latin America. Western Europe, Africa and the United States, said the release

Euromoney said Cid's success Is based on three core operations, global consumers banking. where its 1.4 billion dollar profits exceeded most other banks total 1994 prof its. emerging markets, where it's represented in over 70 countries and is often the only US bank with a presence. and wholesale banking

It is one of the top-rated houses in the syndicated loan markets and in derivatives and risk advisory

Citibank was named number one Foreign Exchange Bank for the 17th consecu Live year