Insider Spotlight
The scale and breadth of its operations helped Citi Philippines secure six international category wins at the FinanceAsia Awards 2026, including Best Bank (International), Best Bank for Large Corporates & Multinational Corporations, Best Bank for Public Sector Clients, Best Bank for Use of Technology, and Best Securities Services.
The annual FinanceAsia Awards recognize banks and financial institutions across Asia for commercial strength, technical expertise, and client service over the past year.
Powering capital markets
Citi Philippines, in a statement, said it continues to play a critical role in supporting the country’s financial system and capital markets ecosystem. The bank currently serves 95 percent of the top 20 Philippine-listed companies by market capitalization and acts as a dollar settlement bank for about 50 financial institutions.
The bank has also been the sole settlement bank for the Philippine Domestic Dollar Transfer System for the past three decades, underscoring its longstanding position in the country’s foreign currency infrastructure.
Beyond transaction banking, Citi Philippines said it has raised more than $70 billion from global capital markets for Philippine sovereign and corporate issuers since 2020. The bank also supports over 600 multinational clients operating across industries including technology, telecommunications, industrials, consumer, and healthcare.
Citi said its integrated banking model has become increasingly important as businesses navigate geopolitical uncertainty, supply chain shifts, and rapid digitalization. With operations spanning more than 90 countries and jurisdictions, the bank aims to help clients manage increasingly interconnected and fast-moving global operations.
Global reach, local expertise
Citi Philippines chief executive officer and banking head Paul Favila said: “These recognitions speak to the enduring trust our clients place in Citi and to our longstanding role in supporting the Philippines’ growth.”
“For nearly 125 years, we have partnered closely with both the public and private sectors to connect the country to global capital and deliver innovative solutions. Being recognized by FinanceAsia affirms not just the scale of our franchise, but the consistency, responsibility, and quality with which we serve,” Favila added.
Head of corporate banking Manish Bajaj said: “As companies expand across borders more rapidly than ever, they need a preeminent banking partner that can operate seamlessly across markets and products.
Citi’s interconnected businesses bring together our global network, deep local expertise, and integrated capabilities to help clients keep pace with change and succeed in today’s dynamic landscape.” —Ramon C. Nocon | Ed: Corrie S. Narisma
