top 10 most valuable banking brands in the world - Brand Finance
top 10 most valuable banking brands in the world - Brand Finance
top 10 most valuable banking brands in the world - Brand Finance
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09.<br />
2011 20<strong>10</strong><br />
<strong>Brand</strong> Rank<strong>in</strong>g 9 5<br />
<strong>Brand</strong> Value (US$) 17,133 14,362<br />
<strong>Brand</strong> rat<strong>in</strong>g AA A+<br />
Domicile United States<br />
US$ millions<br />
300,000<br />
250,000<br />
200,000<br />
150,000<br />
<strong>10</strong>0,000<br />
50,000<br />
0<br />
17%<br />
245,512<br />
35,148<br />
147,041<br />
27,817<br />
36,498<br />
9,8<strong>10</strong><br />
70,<strong>10</strong>5<br />
14,362<br />
<strong>10</strong>5,323<br />
17,133<br />
2007 2008 2009 20<strong>10</strong> 2011<br />
13%<br />
18%<br />
MARKET CAP BRAND VALUE<br />
3%<br />
25%<br />
24%<br />
Retail - Bank<strong>in</strong>g<br />
Commercial - Bank<strong>in</strong>g<br />
Credit Cards - Bank<strong>in</strong>g<br />
Investment - Bank<strong>in</strong>g<br />
Wealth Management -<br />
Bank<strong>in</strong>g<br />
Wholesale - Bank<strong>in</strong>g<br />
Citi’s brand value <strong>in</strong>creased from US$14.4 billion<br />
to US$17.1 billion but due to <strong>the</strong> resurgence of <strong>the</strong><br />
competitor set, <strong>the</strong> brand dropped <strong>in</strong> <strong>the</strong> rank<strong>in</strong>gs to 9th<br />
position.<br />
Hav<strong>in</strong>g had a dismal 2009, Citi was profitable every<br />
quarter <strong>in</strong> 20<strong>10</strong>. It earned a profit of US$ <strong>10</strong>.6 billion, up<br />
from a loss of US$ 1.6 billion <strong>in</strong> 2009. However, revenues<br />
on a comparable basis were down from US$ 91.1 billion<br />
to US$ 86.6 billion.<br />
Citi’s “What’s your story” campaign has helped position<br />
it as a ‘f<strong>in</strong>ancial supermarket’ brand. This successful<br />
campaign was <strong>in</strong>itially launched to advertise Citi Cards<br />
but has now been extended to <strong>in</strong>clude <strong>the</strong> entire franchise.<br />
This campaign has helped position <strong>the</strong> brand as one that<br />
can address every f<strong>in</strong>ancial need and has attempted to<br />
<strong>in</strong>crease <strong>the</strong> salience of <strong>the</strong> brand to its customers.<br />
Despite Citi’s current outlook be<strong>in</strong>g uncerta<strong>in</strong>, it has<br />
outl<strong>in</strong>ed plans to expand <strong>in</strong> Asia Pacific - where 85%<br />
of Fortune 500 companies’ bank with <strong>the</strong>m - and it has<br />
also announced plans to expand <strong>in</strong> Africa. If managed<br />
carefully, Citi’s brand may be poised for a value rebound<br />
<strong>in</strong> 2012.<br />
12 © <strong>Brand</strong> F<strong>in</strong>ance plc 2011