Awards for Excellence 2002
Best bank: Citigroup
Banking in Africa can be a high-return business. But as recent events in Zimbabwe have shown all too clearly, it can also involve high levels of risk. To make it work, a bank needs a strong base, a diversified business mix and a broad spread of country exposure. Since July 2000, when it brought together its east, west and southern Africa businesses and headquartered them in Johannesburg, Citigroup has made ground on all three counts and established itself as the leading bank in Africa.
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