The award that is voted on by the editors of the magazine, recognises the bank that has made the most progress in the region over the last 12 months.

Regionally, Citi also picked up Best Bank for Financing and Best Bank for Transaction Services in Asia.

Asia Pacific CEO for Citi Peter Babej said, “Citi has a clear vision to be the preeminent banking partner for institutions with cross-border needs and a leader in wealth management. Our recent Euromoney award as Best Bank in Asia represents outstanding recognition of this strategy and the exceptional dedication of our team.”

“As we celebrate 120 years in Asia, I would like to thank our clients for the tremendous trust they place in Citi, and to reaffirm our excitement about supporting their growth across Asia and worldwide,” he added.

Over the last year, Citi has raised over $200 billion from global capital markets for Asia-Pacific clients, including around $30 billion via environmental, social, and governance financings – both records for the bank over a single year.

Citi has announced Hong Kong and Singapore as two of the bank’s global wealth hubs and has plans to hire 3,000 staff across its Institutional Clients Group to support client-led growth across Asia-Pacific.

The bank has also added 7,500 new corporate digital accounts via Citi Direct.

Citi's network-driven strategy enables the bank to help its clients grow in any country in which they do business. This includes multinationals that are expanding globally, Asian companies that are expanding within the region, and Vietnamese companies that have regional or global aspirations.

Citi has raised close to $6 billion from global capital markets to support the growth aspirations of Vietnam clients over the last five years.

“We are also witnessing increasing investments into Vietnam by our multinational clients, and our priority is to support these flows. In essence, we are serving our clients as the network bank that connects the world to Vietnam and Vietnam to the rest of the world,” said Babej.