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Islamic finance awards 2012: Most improved international Islamic bank

Citi’s Islamic finance business has greatly enhanced its rankings in the recent past. Between December 2010 and November 2011 it acted as bookrunner for deals totalling $1.8 billion, with a 7.6% share of the market. Compare this with the same period for 2008-09; then Citi acted as bookrunner for $599 million-worth of bonds.

In two years Citi managed to more than triple the deal volume for which it acted as bookrunner, and more than doubled its market share. This increase made it the world’s fifth-largest bookrunner for Islamic bonds, up from its previous high of seventh-largest bookrunner in 2009.

Citi’s Islamic syndicated loans performance was also strong: it acted as bookrunner for $596 million of deals, an 8.3% market share, making it the second-largest bookrunner for Islamic syndicated loans. This marks the first time that Citi has reached the top-five bookrunners for syndicated loans.

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