Via Banking Day:
Citigroup Pty Ltd, the principal operating entity of the American banking giant in Australia, has reported a slide in full year profit after almost no loan growth and a spike in operating costs.
Financial accounts lodged with Australian regulators show that Citigroup recorded a net profit of A$157 million in the 12 months to the end of December – down 19 per cent on the 2017 result of $193 million.
