Citi has been declared the Largest Foreign Exchange Bank in Pakistan, in terms of market share for the year 2012 by Euromoney. The surveyed clients gave Citi 48 percent market share. This is the third consecutive year since 2010 that Citi Pakistan has won this award.
"We are very pleased to receive this award for the third consecutive year from Euromoney for Largest FX Bank in Pakistan. Over our last 50 years in Pakistan, we have strived to provide innovative financial solutions to the local market. We remain committed to our client base and look forward to continuing to contribute to Pakistan's financial services sector," said Nadeem Lodhi, Citi Pakistan's Country Officer.
Over the last 50 years, Citi has played a lead role in the introduction of latest Risk Management instruments that help optimise hedging requirements for Pakistan's corporate sector, ranging from foreign exchange to interest rate and commodity derivatives.-PR