Citigroup reported that its global consumer businesses generated 25% income growth during the second quarter, with strong customer volume growth in cards, retail banking and consumer finance. The cards division which now serves 108 million accounts in 47 countries, increased income by 34% to $744 million on the strength of a 38% increase in North America, which included the card operations of Banamex. CitiCards, the company’s primary brand in North America, experienced receivables growth of 4% to $108 billion. For CitiCards and Diners Club, revenue growth of 16% was driven by margin expansion from lower funding costs and risk-based pricing. Second quarter domestic charge volume was $62.0 billion and international volume was $10.4 billion. Second quarter charge-offs were 6.23% while 90+ day delinquency was 1.84%. The return on managed card assets was 2.43% For more details on Citigroup’s 2Q/02 performance visit CardData ([www.carddata.com]).