Vikram Pandit, Citigroup chief executive, yesterday reaffirmed the bank's commitment to expand its presence in Asia as its regional head signalled double-digit revenue growth this year.
Mr Pandit told the Financial Times that Citi was committed to retaining its coveted stakes in Chinese and Indian lenders while also pushing to expand its retail network in both countries.
“A big part of Citicorp is our emerging-market franchise and Asia-Pacific is a substantial part of it,” he said. “And you will see us expanding across Asia- Pacific this year.”
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