Stock Groups

Citi expects revenue in Brazil to grow 50% over the next 3 years -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: An ATM from Citibank is seen in Los Angeles on March 10, 2015, California. REUTERS/Lucy Nicholson

SAO PAULO (Reuters). Citigroup Inc (NYSE 🙂 predicts Brazil’s revenue to increase by half over the next three year, said the local chief executive. Additionally, he stated Tuesday that there is still strong demand in 2022 for its advisory services regarding mergers and other acquisitions.

Marcelo Marangon said that it is unlikely the South American lender will return to retail banking in Brazil in the upcoming years. Itau Unibanco bought Citi Brazil’s retail operations in Brazil in 2016.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]