Citi reported on Monday that its overall net income rose 2 per cent to US$4.71 billion in the first three months of the year, up from US$4.62 billion in the same period in 2017. Photo: Bloomberg

Citigroup’s golden strategy as banker to Fortune 500 companies tapping China’s belt and road corridors

  • Citigroup says revenue during the first quarter rose 30 per cent on year
  • Growth driven by increased business activity by Chinese companies, as well as multinational corporations
  • Transactions include US$775 million bond for Indonesian utility PT Lestari Banten Energi, US$3.8 billion in Belt-and-Road-related bonds issued by Bank of China
Topic |   Belt and Road Initiative

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Citi reported on Monday that its overall net income rose 2 per cent to US$4.71 billion in the first three months of the year, up from US$4.62 billion in the same period in 2017. Photo: Bloomberg
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