The global consumer banking (GCB) unit of Citigroup has posted a net income of $1.62bn for the second quarter of 2015, a rise of 4% compared to $1.56bn a year ago.

The unit’s total revenues declined 4% to $8.55bn from $8.94bn in the second quarter of 2014. Expenses declined 10% to $4.62bn from $5.12bn a year ago.

Overall, Citigroup’s second-quarter net income jumped to $4.84bn, or $1.51 per share, from $181m, or $0.03 per share a year ago, when the bank had $3.7bn in costs from settling a mortgage-bond probe.

The group’s total revenues for the quarter were $19.47bn compared to $19.42bn in the second-quarter of 2014. Operating expenses were $10.9bn, down 30% compared to the prior year period.

Commenting on the performance, Citigroup CEO Michael Corbat said: "Our results for the quarter show very balanced performance across our business lines. We grew loans and deposits in constant dollars in Global Consumer Banking, while also gaining wallet share among target clients in our Institutional Clients Group. Citi Holdings remained profitable and we again reduced its assets, having completed the sales of additional consumer businesses.

"As we increased our capital return, we still continued to grow our regulatory capital, raising our Common Equity Tier 1 Capital ratio to 11.4%. Through active expense and balance sheet discipline, we are on track to reach our financial targets for the year."

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