Citibank upbeat on insurance fee income growth

Citibank said its first-quarter new premium income from yuan- denominated insurance products sold in Hong Kong more than doubled from the previous quarter and was up 30 per cent on the same quarter a year ago.

Emily Cheung Chi-ting, the head of insurance at Citibank Hong Kong, said she expected this year's fee income from insurance sales to be higher than last year because investment markets were in better shape.

The bank also planned to launch several new products.

via Business feed http://www.scmp.com/business/banking-finance/article/1230964/citibank-upbeat-insurance-fee-income-growth