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The Citi Morgan Heritage Online; Financial Group registers pre-tax profit of $132.3 million for FYE December 2015

  • The Citi Morgan Heritage Online Group registered year-on-year net income growth of 4.0% or $31.6 million for the 12 months ended 31 March 2015. This net income growth was registered despite a sharp decline in Investment Bank fee income due to adverse industry-wide equity market conditions.

 

  • Higher net interest income at the Commercial Bank and higher net income from the banking businesses collectively contributed $67.4 million (or 9.8%) to net income growth, fuelled by strong loans performance in both segments.

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