Insider Spotlight
These honors highlight Citi’s leadership and commitment to delivering with excellence to its clients while driving economic growth in the Philippines.
Driving economic impact
In 2024, Citi’s public sector banking team backed major economic initiatives, including a partnership with the Asian Development Bank (ADB) to expand supply chain financing for small and medium-sized enterprises. The collaboration generated over $100 million in additional annual trade across Asia Pacific.
Citi also played a key role in the Republic of the Philippines’ G3 sovereign bond deal, valued at $2.25 billion and €1 billion, marking one of the country’s landmark fundraising efforts.
Supporting corporates and communities
For corporate and multinational clients, Citi delivered innovative financing and risk management solutions while advancing digital inclusion and women empowerment programs.
The bank also retained its stronghold in payments as the sole settlement bank for U.S. dollar clearing in the Philippines, supporting over 40 local banks. Its mandate as the exclusive settlement bank for the Philippine Domestic Dollar Transfer System (PDDTS) was recently extended through 2030.
What they’re saying
“These recognitions highlight the strength of our innovative solutions, our incredibly dedicated team, and the immense trust our clients place in Citi,” said Paul Favila, Philippines Citi country officer and banking head. “
As we continue to work as a trusted partner to our clients, we remain laser-focused on the important role we play in helping businesses thrive and in fueling economic growth.”
Beyond the accolades
Earlier this year, Citi was also recognized at The Asset Triple A Awards as Best Bank for Sustainable Finance, Best Commercial Bank, Best Sustainability Bond – Sovereign, and Best Domestic Custodian — further cementing its leadership in the Philippine financial landscape. —Ramon C. Nocon | Ed: Corrie S. Narisma
