Treasury and Trade Solutions revenues of $2.5 billion declined 1% on a reported basis and were largely unchanged in constant dollars, driven by lower deposit spreads, offset by strong growth in non-interest revenues. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. 2021 Outlook Management. Citi Retail Services revenues of $1.3 billion decreased 6%, reflecting lower average loans and continued higher payment rates. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Please do not hesitate to contact me. View the Financial Supplement (PDF) In 2021, the business generated nearly $4.7 billion in . Global Corporates: 2022 Sector Outlook Updates. Morgan Stanley also offers substantial crypto exposure to its clients. Citigroup annual total change in assets/liabilities for 2021 was $38.864B, a 173.08% decline from 2020. Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6. In June 2021, Citigroup launched a business unit to offer crypto-related products under the wealth-management banner. Citigroup total assets for 2019 were $1951.158B, a 1.76% increase from 2018. CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q21 Page Citigroup . Citigroup Inc. Watch list Create C Alert Open Last Updated: Dec 2, 2022 1:10 p.m. EST Real time quote $ 46.99 -0.80 -1.66% Advanced Charting $ % Vol Volume: 5.99M 65 Day Avg: 18.24M 33% vs Avg. Our teams comprise the most capable and focused minds in quantitative trading. The fixed premium costs of these hedges are netted against the Private Bank and Corporate Lending revenues to reflect the cost of credit protection. In 2021, the total assets of life insurance companies in Taiwan amounted to over 33 trillion New Taiwan dollars. The cover and editorial section of this annual report are printed on McCoy, manufactured by Sappi North America with 10% recycled content and FSCChain of Custody Certified. Simplifying Citi to unlock value for shareholders. Citi She is Vice Chair for Partnership for New York City and a member of the Harvard Business School's Board of Dean's Advisors, the Stanford Global Advisory Board, the Economic Club of New York and the Council on Foreign Relations. At the same time, we have seen more permanent shifts across our industry. ADB plans to start raising funds at the COP26 climate conference in November. At the end of 2021, the total value of assets under management (AUM) by the China Investment Corporation (CIC) amounted to 1.35 trillion U.S. dollars. Being focused by directing resources to higher-returning businesses and away from the others. 6 Results of operations excluding the impact of foreign exchange translation (constant dollar basis) are non-GAAP financial measures. Citigroups effective tax rate was 19.5% in the current quarter compared to 20.5% in the fourth quarter 2020. Learn more about how Statista can support your business. ICG cost of credit included net credit losses of $40 million, compared to $326 million in the prior-year period, and a net ACL release of $78 million compared to a build of $529 million in the prior-year period. Citigroups allowance for credit losses on loans was $17.7 billion at quarter end, or 2.69% of total loans, compared to $26.4 billion, or 4.00% of total loans, at the end of the prior-year period. Excluding the loss on sale5, revenues increased 3%, largely driven by growth across the Institutional Clients Group (ICG). In 2021, we submitted our plan to the FRB and OCC. Notwithstanding these decisions, Citi will continue to serve clients and invest in these markets through our institutional franchise and our Global Wealth Management business. Total Asset Turnover 0.04: Liquidity. For the components of the calculation, see Appendix A. Citigroups effective tax rate was 20% in the current quarter, largely unchanged from the third quarter 2020. E-mail address: shareholder@computershare.com Let's take a look. Citi Asia-Pacific's leadership and excellence in digital banking has been recognised in the first round of Global Finance's 2020 World's Best Digital Banks Awards. From the beginning of this work, we have been staying close to our regulators and keeping them updated on our progress. , Dec 9, 2022. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Commencing January 1, 2020, Citigroups Common Equity Tier 1 (CET1) Capital ratio and Supplementary Leverage ratio (SLR) reflect certain deferrals based on the modified regulatory capital transition provision related to the Current Expected Credit Losses (CECL) standard. As transaction flows across CitiConnect digital channels grew by 38% compared with the prior year, we expanded our instant payments capability to 28 markets, now the largest footprint in the industry. That included the largest spin-off and second-largest M&A transaction of 2021 and successful capital raises for the IPOs of a number of high-growth companies, such as the dating app Bumble and the game developer Krafton. Citigroups return on average tangible common equity (RoTCE) is a non-GAAP financial measure. C | Citigroup Inc. Consumer non-accrual loans decreased 30% to $1.5 billion, while corporate non-accrual loans of $1.9 billion decreased 47% from the prior-year period. A few examples of assets of a company include cash, inventories, and accounts receivable. Fixed Income Markets revenues of $2.5 billion decreased 20%, as solid growth in FX and commodities was more than offset by a decline in rates and spread products. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Additional financial, statistical and business-related information, as well as business and segment trends, is included in a Quarterly Financial Data Supplement. Citadel Quantitative TraderWe tackle some of the toughest problems in the industry and. We have updated our leadership principles and adjusted our performance rating system, part of an effort to raise expectations and to increase accountability for how our people should approach their work. 781 575 4555 Fixed Income Markets revenues of $3.2 billion decreased 16% reflecting the continued normalization in market activity across rates and spread products. an installed capacity of close to 8.5 GW), and 100% of Amundi's open-ended . Stockholder address changes and inquiries regarding stock transfers, dividend replacement, 1099-DIV reporting and lost securities for common and preferred stock should be directed to: Computershare So far this year, we have returned close to $11 billion to shareholders through a healthy dividend and stock repurchases. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. The tier 1 capital ratio of Citigroup increased to 13.9 percent in 2021, after continuously decreasing since 2016, when it was 14.2 percent. We also continue to show momentum in deposits and wealth management AUM as well as growing engagement across our digital channels. Current Ratio 1.33: . And companies are responding to calls from all stakeholder groups to become more purpose driven and take a leading role in sustainable practices. ", Submitted our Transformation plans to regulators, Established a new, hybrid model for the future of work, Expanded the industry's largest instant payment network, Served as the active bookrunner for the largest USD transaction of 2021, increase representation of Black and women talent, most responsible and purpose-driven companies. Citigroup Mortgage Loan Trust 2021-RP6 Structured Finance / Structured Finance: RMBS / Global / North America / United States EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side) ESG RELEVANCE Contents 00 Back to Top 01 Rating Actions 02 Insights 03 Sector Outlooks 04 Securities and Obligations 05 Disclosures 06 Identifiers She is the first female CEO in the firm's history. Data can be a competitive advantage for us, helping us manage risk more efficiently, comply with regulations, deliver with excellence for our clients, identify revenue opportunities and achieve efficiencies. Securities Services revenues of $692 million increased 10% on a reported basis and 9% in constant dollars, driven by strong growth in fee revenues with both new and existing clients, driven by growth in assets under custody and settlement volumes, partially offset by lower deposit spreads. Over the past year, we have attracted some tremendous new leaders to Citi and promoted our highest-performing leaders within the firm to new roles. A Snapshot of Citi's 2021 Key Financial Metrics GREW OUR TANGIBLE BOOK VALUE PER SHARE BY 7% RETURNED NEARLY $12 billion IN CAPITAL TO OUR COMMON SHAREHOLDERS In 2021, we submitted our plan to the FRB and OCC. Provision for credit losses on other assets (24) 9 (3) (3) (3) - 88% - 7 - (100%) Policyholder benefits and claims 16 52 15 22 27 23% 69% 73 113 116 3% . On this basis, and excluding the Australia loss on sale, revenues decreased 4%, reflecting lower loans and deposit spreads, partially offset by higher investment revenues. At quarter end, Citigroups CET1 Capital ratio was 11.7%, a decrease from the prior quarter. Corporate / Other expenses of $369 million decreased 21%, reflecting the wind-down of legacy assets. Total non-accrual assets decreased 25% from the prior-year period to $4.0 billion. Louisville, KY 40233-5005 Citigroup's book value per share of $92.21 and tangible book value per share of $79.16 each increased 7%, largely driven by net income. Country of Assets: United States Sectors: Real Estate and Homebuilding; Structured Finance: CMBS; Structured Finance Citigroup Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. At quarter end, Citigroups CET1 Capital ratio was 12.2%, an increase from the prior quarter driven by actions to reduce risk-weighted assets (RWA) and a temporary pause in common share repurchases in preparation for the implementation of the Standardized Approach for Counterparty Credit Risk on January 1, 2022. 540 Crosspoint Parkway When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do. Iron Mountain Announces Participation in Citi's 2021 Virtual Global. Consumer non-accrual loans decreased 6% to $1.6 billion, while corporate non-accrual loans of $2.4 billion decreased 33% from the prior-year period. took another blow Thursday when it agreed to pay $24 million for the improper repossession of cars owned . "Total assets of Citigroup from 2011 to 2021 (in trillion U.S. Citigroup owns Citicorp, the holding company for Citibank, as well . 888 250 3985 Jane Fraser, Citi CEO, said, The recovery from the pandemic continues to drive corporate and consumer confidence and is creating very active client engagement as you can see through our strong results in Investment Banking and Equity Markets, both up approximately 40% year-over-year, in addition to double- digit fee growth in Treasury and Trade Solutions as we help our clients reposition their supply chains. ICG operating expenses of $6.9 billion increased 10%, reflecting continued investments in Citis transformation, business-led investments and revenue-related expenses, partially offset by efficiency savings. Banking revenues of $5.8 billion increased 12% versus the prior year (including gain / (loss) on loan hedges)7. Citi's 2021 Form 10-K filed with the SEC, as well as other annual and quarterly reports, are available from Citi Document Services toll free at 877 936 2737 (outside the United States at 716 730 8055), by e-mailing a request to docserve@citi.com or by writing to: Citi Document Services This is about putting Citi in the position to compete and win. Please check your download folder. This compared to net income of $3.1 billion, or $1.36 per diluted share, on revenues of $17.3 billion for the third quarter 2020. We advise people on how to invest for future needs, such as their children's education and their own retirement, and help them buy securities such as stocks and bonds. Then you can access your favorite statistics via the star in the header. Over the past year, we have been hard at work mapping out how we are going to get there, rolling up our sleeves to partner with our clients and guide the industry forward. The dividend of $0.065 per share will be paid September 28, 2020, to holders of record of the Company's common stock on August 31, 2020, with an ex-dividend date of August 28, 2020. Corporate / Other expenses of $519 million decreased 37%, primarily due to the absence of a civil money penalty incurred in the prior-year period, partially offset by an increase in expenses related to Citis transformation. We continue to make steady progress on executing our strategy as demonstrated most recently by the signing of an agreement to sell four consumer businesses in Asia. In the fourth quarter 2021, gains / (losses) on loan hedges included $21 million related to Corporate Lending and $0 related to the Private Bank, compared to $(298) million related to Corporate Lending and $(14) million related to the Private Bank in the prior-year period. Thanks for your interest in Citi's Annual Report. Toll-free No. Stockholder inquiries can also be directed by e-mail to shareholderrelations@citi.com. A live webcast of the presentation, as well as financial results and presentation materials, will be available at https://www.citigroup.com/citi/investor. JPMorgan Chase wealth management clients were given access to six crypto funds in early August 2021. Citigroups return on average tangible common equity (RoTCE) is a non-GAAP financial measure. Citigroup operates in North America, Asia, Latin America, and Europe, Middle East, and Africa (EMEA) regions. This is about modernizing our systems and structures so that we can better manage the speeds and complexities of the digital world. Both this earnings release and Citigroups Fourth Quarter 2021 Quarterly Financial Data Supplement are available on Citigroups website at www.citigroup.com. Read the full press release with tables and CEO commentary. These statements are not guarantees of future results or occurrences. As of January 31, 2022, Citigroup had approximately 61,355 common stockholders of record. Accessed December 11, 2022. https://www.statista.com/statistics/279834/total-assets-of-citigroup/, Citigroup. Corporate / Other loss from continuing operations before taxes of $(330) million compared to a loss of $(907) million in the prior-year period, driven by the higher revenues and the lower expenses, partially offset by a lower net ACL release. View Financial Supplement (Excel). The conference code for both numbers is 8287872. Stocks Citigroup (C) Joins Crypto Space, Unveils Digital Assets Unit June 25, 2021 03:32 pm EDT Written by Zacks Equity Research for Zacks -> Several banks are contemplating taking the. As we focus our resources in a more targeted way, we also have made some hard decisions about which businesses no longer fit into our vision for Citi. 888 250 3985 Box 505004 Excluding the impact of Asia divestitures, expenses increased 8%, driven by continued investments in Citis transformation, business-led investments and revenue-related expenses, partially offset by efficiency savings. Citigroups results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures. During the quarter, Citigroup returned a total of $1.0 billion to common shareholders in the form of common share dividends. The tier 1 common capital ratio is a measure of a. During the quarter, Citigroup repurchased 43 million common shares and returned a total of $4.0 billion to common shareholders in the form of common share repurchases and dividends. We saw robust client engagement and digital adoption, including a 96% year-over-year increase in digital account openings and a 62% increase in user engagement through our CitiDirect mobile banking platform. Excluding the deferrals based on the modified CECL transition provision, Citigroups CET1 Capital ratio and SLR as of September 30, 2021 would be 11.4% and 5.7%, respectively, on a fully reflected basis. Citigroup annual total change in assets/liabilities for 2020 was $-53.182B, a 10.41% decline from 2019. We are also aligning our organization and reporting structure with our strategy, including the creation of the Personal Banking and Wealth Management and Legacy Franchises segments. Get in touch with us now. Toll-free No. 1 Preliminary. This compared to net income of $4.3 billion, or $1.92 per diluted share, on revenues of $16.8 billion for the fourth quarter 2020. The Consent Orders issued in 2020 by two of our U.S. regulators the Federal Reserve Board (FRB) and Office of the Comptroller of the Currency (OCC) underscored how we have underinvested in some of those areas for too long. Calculated by dividing a company's operating earnings by its total assets. 1 Preliminary. We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. For the components of the calculation, see Appendix A. statistic alerts) please log in with your personal account. Citigroup operating expensesof $11.1 billion in the first quarter 2021 increased 4%, as continued investments in Citi's transformation, including infrastructure supporting Citi's risk and control environment, along with other strategic investments were partially offset by efficiency savings. ICG net income of $2.5 billion decreased 22%, as the lower ACL releases and the higher expenses more than offset the higher revenues. CAA has invested 2.5 billion in renewable energies (i.e. Results of operations excluding these Asia divestiture-related impacts are non-GAAP financial measures. ICG cost of credit included net credit losses of $81 million, compared to $210 million in the prior-year period, and a combined net ACL release and other provisions of $386 million compared to a release of $1.3 billion in the prior-year period. For a reconciliation to reported results, see Appendix B. Retail Banking revenues of $1.0 billion decreased 6%, driven by lower deposit spreads and lower mortgage revenues. In the reported quarter, Citigroup repurchased 40 million common shares and returned $4.1 billion to shareholders in forms of common stock repurchases and dividends. The fixed premium costs of these hedges are netted against the Private Bank and Corporate Lending revenues to reflect the cost of credit protection. As we look to the horizon, the stakes could not be higher the world is only becoming more complex and more competitive. Several concrete examples of the reallocation of financing and investment portfolios towards green assets can also be noted 2021. Investment Banking revenues of $1.9 billion increased 39%, reflecting strong growth across products. We ended 2021 with a solid balance sheet and a liquidity coverage ratio of 115%. Use Ask Statista Research Service, Leading banks in Mexico by total assets 2021. North America GCB revenues of $4.3 billion decreased 4%. Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S. and Canada; (973) 409-9210 outside of the U.S. and Canada. 7 Credit derivatives are used to economically hedge a portion of the Private Bank and Corporate Loan portfolio that includes both accrual loans and loans at fair value. Expanded the $200 million Citi Impact Fund to provide capital for "double bottom-line" companies, Named leading affordable housing lender in the U.S. for 11th consecutive year, and financed $5.64 billion for affordable housing units across the U.S. in 2021, Granted $275 million to date to support Citi Foundation's Pathways to Progress initiative to improve economic opportunities for underserved youth, Named one of the top15 most responsible and purpose-driven companies by JUST Capital, Co-founded the Net Zero Banking Alliance to help guide the industry to net zero, Supported 3.7 million women entrepreneurs globally to date in launching and growing their businesses, See how Team Citi is making history and helping change perceptions at citi.com/ParaSport. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Mason said revenue is expected to drop in 2021, as the stellar performance from the bank's markets division in 2020 begins to normalize, and as net interest revenue on assets such as loans also . Read full definition. Treasury and Trade Solutions revenues of $2.3 billion declined 4% on a reported basis and 5% in constant dollars, as higher fee revenues, a recovery in commercial card revenues and growth in trade were more than offset by the impact of lower deposit spreads. From 2013 to 2015, she was the Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. We have seen the resilience and importance of Citi as we have supported our clients through uncharted waters and we will continue to serve them with pride," Ms. Fraser concluded. Earlier this year, we released our initial plan, setting 2030 targets for our energy and power loan portfolios. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. The annual certification to that effect was made to the NYSE on May 21, 2021. Taking into account our growth plan, the investments we are making in our businesses and efficiencies that will come out of our work, we believe we can increase shareholder value and achieve an RoTCE of 11%-12% in the next three to five years. Citigroups SLR for the third quarter 2021 was 5.8%, unchanged from the prior quarter. By combining our Private Bank and consumer wealth businesses, we are creating a single, integrated platform to serve affluent consumers up through the ultra-high net worth segment. Citi is working with Gavi, the Vaccine Alliance, as the financial advisor for its COVAX Facility, which is supporting the fair and equitable distribution of COVID-19 vaccines around the world. For a reconciliation of this measure to reported results, see Appendix E. 5 Reported expenses include the impact of costs related to the Korea voluntary early retirement program (VERP) of approximately $1.1 billion (approximately $0.8 billion after-tax) and contract modification costs related to the Asia divestitures of approximately $119 million (approximately $98 million after-tax). 1RoTCE represents annualized net income available to common shareholders as a percentage of average tangible common equity and is a non-GAAP financial measure. Overall, I am quite pleased with $4.6 billion in net income given the environment we are operating in. Citigroup net incomeof $3.2 billion in the fourth quarter 2021 decreased 26% from the prior-year period, driven by the higher expenses, partially offset by the higher revenues and lower cost of credit. Ensuring we have a culture characterized by excellence underpins the success of our Transformation. Wells Fargo RepossessionAfter selling the car at auction, Wells Fargo attempted to collect more than $10,000 from Singleton, the. Citigroup. C Total Assets as of today (July 24, 2022) is $2,394,105 Mil. While we have much work ahead, we are getting results from the investments we have been making and seeing both the strength and durability of our franchise," Ms. Fraser concluded. Louisville, KY 40233-5004 For the components of the calculation, see Appendix A. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Because Citigroup's common stock is listed on the NYSE, the Chief Executive Officer is required to make an annual certification to the NYSE stating that she was not aware of any violation by Citigroup of the corporate governance listing standards of the NYSE. Citi believes the presentation of its results of operations and financial condition excluding the impact of the Australia sale provides a meaningful depiction of the underlying fundamentals of its broader results and Asia GCB businesses results for investors, industry analysts and others. Citigroup's end-of-period deposits were $1.3 trillion as of quarter end, an increase of 7% on a reported basis and 6% in constant dollars, driven by an 8% increase in GCB and a 6% increase in ICG. Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S. and Canada; (973) 409-9210 outside of the U.S. and Canada. Citigroup total long-term assets for 2021 were $664.495B, a 13.6% increase from 2020. What You Can Expect From Us and What We Expect From Ourselves. Banking revenues of $5.8 billion increased 18% versus the prior year (including gain / (loss) on loan hedges)7. Excluding the deferrals based on the modified CECL transition provision, Citigroups CET1 Capital ratio and SLR as of December 31, 2021 would be 12.0% and 5.6%, respectively, on a fully reflected basis. These statements are based on managements current expectations and are subject to uncertainty and changes in circumstances. These factors also consist of those contained in Citigroups filings with the U.S. Securities and Exchange Commission (SEC), including without limitation the Risk Factors section of Citigroups 2020 Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. Citigroup will host a conference call today at 10 a.m. (ET). And by breaking down silos and deepening the sense of ownership that our people feel for the firm, we are building a culture thats focused on delivering the best outcomes for all our stakeholders. Citigroups results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures. 2021 was a year when Citi reaffirmed its vital place in the world. Unveiled initialplans to achieveNET0EMISSIONS BY2050, Served as the financial advisor to Gavi's COVAX facility, which is working on the equitable distribution of COVID-19 vaccines, Successfully met and exceeded 3-year goals to increase representation of Black and women talent at the firm, Committed $1 trillion to sustainable finance by 2030 ($500 billion for environmental activities and $500 billion for social activities), Issued a first-of-its-kind $1 billion social finance bond to increase access to essential services in emerging markets. Citigroup operating expenses of $13.5 billion in the fourth quarter 2021 increased 18%. Citigroups allowance for credit losses on loans was $16.5 billion at quarter end, or 2.49% of total loans, compared to $25.0 billion, or 3.73% of total loans, at the end of the prior-year period. Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. We remain committed to returning excess capital over and above the amount necessary to invest in our franchise and to maintain our safety and soundness. Citigroup operating expenses of $11.5 billion in the third quarter 2021 increased 5%, reflecting continued investments in Citis transformation, business-led investments and revenue-related expenses, partially offset by efficiency savings. Click here for the complete press release and summary financial information. In March 2022, one year after I assumed the role of CEO, we held our first Investor Day since 2017. Going forward, we will be a firm focused on five core units - Services, Markets, Banking, U.S. From an economic perspective, 2021 was a less volatile year, with a normalization of many but not all of our key business drivers and the release of much of the loan-loss reserves that we had set aside during the pandemic. View Financial Supplement (Excel). CACIB's green loan portfolio amounts to 13.2 billion at year end. Press: Danielle Romero-Apsilos (212) 816-2264 Citigroup total change in assets/liabilities for the twelve months ending September 30, 2022 was $59.826B, a 328.61% increase year-over-year. Citigroup total assets for 2020 were $2260.09B, a 15.83% increase from 2019. The financial section of this annual report is printed on FSC certified Accent Opaque 40lb white smooth text from Sylvamo. From an accounting perspective, the balance sheet equation is Assets = Liabilities + Shareholder's Equity. Despite the headwinds of the low rate environment, our Treasury & Trade Solutions business maintained strong momentum. That enabled us to generate net income of $22 billion on revenues of $71.9 billion, with a Return on Tangible Common Equity (RoTCE) of 13.4%. Web address: www.computershare.com/investor. Excluding the impact of Asia divestitures, expenses increased 8%, driven by continued investments in Citi's transformation, business-led investments and revenue-related expenses, partially offset by efficiency savings. For additional information about the Korea VERP, see Citigroups Current Report on Form 8-K filed with the SEC on October 25, 2021 and Citigroups Current Report on Form 8-K/A filed with the SEC on November 8, 2021. Citi-Branded Cards revenues of $2.0 billion decreased 1%, reflecting continued higher payment rates. North America GCB revenues of $4.4 billion decreased 6%. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Please create an employee account to be able to mark statistics as favorites. In 2021, we launched an effort to address those deficiencies and simplify and modernize our operating model for the digital age. Being clinical in assessing which businesses Citi can retain or secure leading market positions. Net income of $4.6 billion increased 48% from the prior-year period driven by a lower cost of credit, partially offset by the lower revenues and higher expenses. Our Common Equity Tier 1 capital ratio at year-end was 12.2% as we prepared to adopt a new capital rule, the Standardized Approach for Counterparty Credit Risk (SA-CCR). Current and historical return on assets (ROA) values for Citigroup (C) over the last 10 years. 2 Ratios as of December 31, 2021 are preliminary. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. New York Citigroup Inc. today reported net income for the fourth quarter 2021 of $3.2 billion, or $1.46 per diluted share, on revenues of $17.0 billion. For a reconciliation of this measure to reported results, see Appendix E. 5 Results of operations and financial condition excluding the impact of the sale of the consumer banking business in Australia are non-GAAP financial measures. It was an opportunity to update our investors after a year of refreshing our strategy to focus our resources and energies on a compelling mix of businesses that can drive growth and higher returns. For additional information, please refer to the Capital Resources section of Citigroups 2020 Form 10-K. For the composition of Citigroups CET1 Capital and ratio, see Appendix C. For the composition of Citigroups SLR, see Appendix D. 3 Citigroups payout ratio is the sum of common dividends and common share repurchases divided by net income available to common shareholders. New York - Citigroup Inc. today reported net income for the fourth quarter 2021 of $3.2 billion, or $1.46 per diluted share, on revenues of $17.0 billion. March 15, 2022. Overall, our revenues were 3% higher than last year excluding the impact of the sale of our consumer business in Australia. ICG net income of $3.4 billion increased 21%, as the lower cost of credit and the higher revenues more than offset the higher expenses. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Gains / (losses) on loan hedges includes the mark-to-market on the credit derivatives and the mark-to-market on the loans in the portfolio that are at fair value. Citigroup's Total Assets for the quarter that ended in Sep. 2022 was $2,381,064 Mil.. During the past 12 months, Citigroup's average Total Assets Growth Rate was 7.90% per year. 2021 5-year trend; Net . Citigroup Company Stats Industry Banking and Financial Services Founded 1812 Headquarters New York, New York Country United States CEO Jane Fraser Employees 223,400 Forbes Lists #81 Best. This compared to net income of $4.3 billion, or $1.92 per diluted share, on revenues of $16.8 billion for the fourth quarter 2020. As part of our Transformation, we are enhancing our risk and controls environment to be more intuitive and automated. Latin America GCB revenues of $1.1 billion decreased 4% on a reported basis and 3% in constant dollars, reflecting lower loan volumes in both retail banking and cards. Total assets $ 406,275 . We are excited about the work we have done over the past year to focus our strategy on where we can win. Citigroup Inc. (C) Balance Sheet - Yahoo Finance U.S. markets closed S&P 500 3,934.38 (-0.73%) Dow 30 33,476.46 -305.02 Nasdaq 11,004.62 -77.39(-.70%) Russell 2000 1,796.66 -21.63(-1.19%) Crude. Certain statements in this release are forward-looking statements within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Returned $11.8 Billion of Capital to Common Shareholders in 2021; Payout Ratio of 56%. During the past 10 years, the average Total Assets . Asia GCB revenues of $1.5 billion decreased 9% on a reported basis and 7% in constant dollars, reflecting lower deposit spreads and higher payment rates. For additional information about the Australia sale, see Citigroups Current Report on Form 8-K filed with the SEC on August 9, 2021. Citigroup's branded cards generated annual purchase sales of nearly $430 billion in 2020. P.O. Read the full press release with tables and CEO commentary. On my first day as CEO, we committed Citi to achieving net zero greenhouse gas emissions by 2050. In comparison to that, non-life insurers . The largest private equity and credit funds dominate these markets. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi. 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