January 22 (SeeNews) - US lender Citi said that it has executed its first stock loan transaction in Romanian securities through its Agency Securities Lending business.
The transaction follows previous successful launches of securities lending in a number of emerging markets, Citi said in a press release on Thursday.
"We are pleased to have pioneered our first securities lending transaction in Romania, which is a key development in an emerging market with great potential," Citi senior product manager Alin Duhnea said.
With the addition of Romania, Citi now supports securities lending in 74 markets globally as part of a suite of investment services provided by its Agency Securities Lending business.
With more than $24.9 trillion (20.5 trillion euro) in custody and administration assets at the end of the third quarter of 2020 and its own network covering 60 markets, Citi Securities Services offers a wide range of financial instrument custody and administration services.
($=0.8238 euro)
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