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In its seventh annual Internet-bank "beauty contest," Global Finance Magazine <gfmag.com> named Bank of America the best consumer Internet bank in the United States and Citigroup the best corporate Internet bank. Apparently, the magazine loves Citigroup's work, naming it the best corporate Internet bank in 46 countries and best consumer Internet bank in 11 countries including Germany, United Kingdom, and Indonesia (see list of complete winners, by country, by clicking on the link at the bottom of this article).
The magazine also named winners in specific categories. In the United States, the winners were:
Consumer Internet Banks:
Best investment management services: Bank of America
Best bill payment and presentment: Bank of America
Best online consumer credit: Wells Fargo
Best website design: Wells Fargo
Best integrated consumer bank site: Bank of America
Best information security initiatives: Bank of America
Best online deposits acquisition: TD Bank Financial Group
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Corporate/Institutional Internet Banks:
Best online cash management: Citigroup
Best trade finance services: Citigroup
Best website design: Wells Fargo
Best integrated corporate bank site: Wells Fargo
Best information security initiatives: JPMorgan Chase
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Country | Consumer | Corporate/Institutional |
Argentina | Banco Rio de la Plata, S.A. | Citigroup |
Australia | HSBC | Citigroup |
Austria | RZB | RZB |
Bahrain | Citigroup | -- |
Belgium | Citigroup | -- |
Bolivia | -- | Citigroup |
Brazil | Banco Bradesco | Banco Bradesco |
Brunei | HSBC | -- |
Cameroon | -- | Citigroup |
Canada | TD Bank Financial Group | TD Bank Financial Group |
Chile | Citigroup | BBVA |
China | Ind. & Com’l Bank of China | Citigroup |
Colombia | Citigroup | BBVA |
Congo | -- | Citigroup |
Costa Rica | -- | Citigroup |
Cote D'Ivoire | -- | Citigroup |
Dominican Republic | -- | Citigroup |
Dubai | National Bank of Dubai | National Bank of Dubai |
Ecuador | -- | Citigroup |
Egypt | Citigroup | Citigroup |
El Salvador | -- | Citigroup |
Finland | -- | Citigroup |
France | -- | Citigroup |
Gabon | -- | Citigroup |
Germany | Citigroup | JPMorgan Chase |
Greece | Citigroup | Piraeus Bank/Winbank |
Guatemala | -- | Citigroup |
Haiti | -- | Citigroup |
Honduras | -- | Citigroup |
Hong Kong | HSBC | Citigroup |
India | ICICI Bank Ltd. | ICICI Bank Ltd |
Indonesia | Citigroup | Citigroup |
Ireland | -- | Citigroup |
Israel | -- | Citigroup |
Italy | -- | Citigroup |
Jamaica | -- | Citigroup |
Kenya | -- | Citigroup |
Korea | -- | Citigroup |
Kyrgyzstan | AsiaUniversalBank (AUB) | AsiaUniversalBank (AUB) |
Malaysia | HSBC | OCBC |
Mexico | Banamex | Banamex |
Netherlands | -- | Citigroup |
Nigeria | -- | Citigroup |
Oman | BankMuscat | -- |
Pakistan | Citigroup | Citigroup |
Panama | -- | Citigroup |
Paraguay | -- | Citigroup |
Peru | BBVA | Citigroup |
Philippines | Citigroup | Bank of the Philippines |
Poland | Bank Millennium | Citigroup |
Portugal | Millennium BCP | Millennium BCP |
Puerto Rico | Banco Santander | Citigroup |
Qatar | Qatar National Bank | Qatar National Bank |
Russia | ZAO Raiffeisenbank | Citigroup |
Saudi Arabia | Samba | Samba |
Senegal | -- | Citigroup |
Singapore | Citigroup | -- |
Spain | BBVA | Citigroup |
South Africa | -- | Citigroup |
Sri Lanka | HSBC | -- |
Switzerland | -- | Citigroup |
Taiwan | Citigroup | Chinatrust Com’l Bank |
Tanzania | -- | Citigroup |
Thailand | Citigroup | Citigroup |
Trinidad & Tobago | -- | Citigroup |
Turkey | Garanti Bank | Akbank |
Uganda | -- | Citigroup |
United Arab Emirates | HSBC | HSBC |
United Kingdom | Citigroup | HSBC |
United States | Bank of America | Citigroup |
Uruguay | -- | Citigroup |
Venezuela | Banco de Venezuela | BBVA Banco Provincial |
Zambia | -- | Citigroup |
Source: Global Finance Magazine <gfmag.com>, July 8, 2006
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