Citibank Taiwan Wins Most Admired Company Award for 18th Consecutive Year

Citibank Taiwan has been named the ‘2012 Most Admired Company in Banking' by CommonWealth Magazine. This is Citi's 18th consecutive win since the award was launched in 1994.
Citibank Taiwan Chairman Victor Kuan accepted the award from Deputy Minister of the Ministry of Economic Affairs Francis Kuo-Hsin Liang on October 19. In his acceptance speech, Kuan highlighted the significance of this year's win as Citi celebrates its 200th anniversary and underlined some of the bank's historical milestones over the last two decades, such as funding the Trans-Atlantic Cable and the Panama Canal.

The award organizer, CommonWealth Magazine, and its judging panel, comprising industry experts, commended Citi's efforts in introducing cutting-edge banking products and services in Taiwan. Citi was also noted for its ‘transnational operations,' ‘innovations' and ‘ability to plan for the future,' which have supported the development of Taiwan's financial industry and underscores the competitive advantage of being a global bank.

This recognition is also indicative of Citi's commitment to the local community. In 2004, Citi pioneered financial education in Taiwan, benefitting more than 480,000 students. Citi also launched the ‘Citi-United Way Fundraising Campaign' in support of the underprivileged. To date, the campaign has launched 7,730 programs and raised nearly NT$1.1 billion from nearly 450,000 donors to help over one million people in need.

In 2012, Citi was named the 'Strongest Bank in Taiwan' by The Asian Banker. Citi was also named ‘Best Foreign Commercial Bank' by FinanceAsia for the 16th year running and ‘Best Corporate Citizen' by CommonWealth Magazine for the sixth year.

CommonWealth Magazine's ‘Most Admired Company' award shortlists companies based on their database of the top-1,000 companies of the year in Taiwan. This includes companies with strong revenues and profits in the previous year in each industry. This year, 217 companies across 22 industries were shortlisted. The judging panel determined the final winners based on 10 indicators, including the ability to plan for the future, innovation and career development.

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