Citigroup named best co in Forbes 2000 ranking
Citigroup, the owning company of Citibank NA, has been ranked the number one company in the world on Forbes Global 2000 list, which was published in Forbes special issue on April 18, 2005.The list is a comprehensive one, which includes the world's largest and most powerful companies, as measured by composite rankings based on revenue, profit, asset and market value. Forbes reported that Citigroup, with revenue of $108.28 billion, net after-tax profit of $17.05 billion, assets of $1.48 trillion and market value of $247.66 billion, had the best composite ranking based on its four measurement criteria, says a press release issued by the company. Overall, Citigroup ranked no 1 in terms of assets, no 3 in profits and no 4 in terms of market value. Other top ranking companies according to the Forbes list are General Electric, American Int'l Group, Bank of America, HSBC Group and Exxon Mobil, the press release added.
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