HONG KONG: Citigroup Inc will give all its staff in Hong Kong an extra day off next year, saying it’s on track to surpass revenue targets even as pro-Democracy protests roiled the city over the past six months.
“Many of you went the extra mile to ensure that our operations and services remain uninterrupted during disruptions,” she said in the memo, which was confirmed by a spokesman at the bank.Deal making in the city has persevered during the unprecedented turmoil, highlighted by a massive listing last month by Alibaba Group Holding Ltd, even as Hong Kong’s economy has plunged into a recession.
Third quarter revenue rose 8%, driven by 10% increase in average deposits while loans rose 6%, according to separate memo from Ng in October.
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