Algeria: Citi Algeria
Citi Algeria recorded extremely strong and healthy growth in 2012, increasing its assets by 16% to $2.15bn and its Tier 1 capital by 18% to $291m. During this time, its return on equity rose from 16% in 2011 to 18% in 2012, while it also reduced its costs, with its cost-to-income ratio falling from 42% to 38%.
