IPOs and rise in debt deals to boost Citi’s Middle East and Africa business – The National
- Date: 22-Jun-2023
- Source: The National
- Sector:Financial Markets
- Country:Egypt
IPOs and rise in debt deals to boost Citi’s Middle East and Africa business – The National
The continued momentum in investment banking deals and a pick-up in debt capital market transactions will help Citigroup’s Middle East and Africa business to post double-digit revenue growth this year, a senior executive has said.
The 29-market Middle East and Africa cluster is the fastest-growing region around the world for the US lender, Ebru Pakcan, head of Middle East and Africa cluster, told The National in an interview.
Its core business segments – including banking, markets, services and wealth management operations – will help it to maintain the growth trajectory of the past five years, she said.