For the quarter period ended on 30 June 2013, the bank reported revenues of $20.5bn, up by 11% from $18.4bn during the corresponding period earlier year.
Commenting on the result, Citi CEO Michael Corbat said, "Our businesses performed well during the quarter and these results are well-balanced through our products and geographies, especially in the emerging markets, where growth is being challenged.
During the current quarter period, Citicorp and Citi Holdings revenues were $19.4bn and $1.1bn, respectively.
Citi’s global consumer banking (GCB) revenues stood at $9.7bn, up by 2% compared to $9.5bn during the prior year period as volume growth in most businesses was offset by the continued impact of spread compression globally.
Its securities and banking revenues grew by 25% to $6.8bn, compared to $5.4bn, while transaction services revenues decreased by 1% to $2.73bn from $2.76bn during the second quarter of the prior year.
Serving some 200 million customer accounts and trading in over 160 nations and regions, Citi offers consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management services to consumers, corporations, and governments.
