Citigroup reported that its international card business produced fourth quarter net income of $251 million, more than double the year-ago quarter, largely driven by the performance in the EMEA region. During the final quarter of 2004, Citi posted a 22% gain in card loans, and a 31% increase in sales volume. For the full year, Citi’s profits for its international card business were up 53%, from $498 million to $761 million. Credit card loans at the end of 2004 stood at $17.9 billion, compared to $14.7 billion one-year ago. Charge volume for the fourth quarter was $15.3 billion, compared to $11.7 billion for 4Q/03. The account base was flat at 20.8 million accounts compared to the previous quarter, but up 32% compared to year end 2003. In Japan, average credit card loans were up 7% sequentially, and 12% year-over-year. In the rest of Asia, credit card loans grew 33% to $9.3 billion. Citigroup holds $5.8 billion in card loans for the EMEA region and $600 million in Latin America, which grew 12% and 20%, respectively. Charge-offs dropped sharply during the fourth quarter as delinquency remained flat for international cards, compared to the previous quarter. Delinquency (90+ days) remained at 1.55% for 4Q/04. Charge-offs decreased from 5.08% in 3Q/04 to 3.89% for the fourth quarter. For complete detail’s on Citigroup’s international cards performance, visit CardData ([www.carddata.com]).