Citibank is among the biggest employers in Dublin's IFSC with around 2,000 staff at its North Wall headquarters.

Citi's pre-tax profits rose to €755m from €557m in 2010. Profits for the year after tax were €655m, up 43pc from 2010.

The directors state that a key performance measure known as the cost versus income ratio shows costs at the Irish headquartered unit account are equal to 38pc of income: compared with 65pc across Citigroup as a whole.

Article Published: 13/06/2012