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. For the components of the calculation, see Appendix A. Please do not hesitate to contact me. Citigroup total current assets for the quarter ending September 30, 2022 were $1,716.428B, a 0.32% increase year-over-year. Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6. 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 . Thanks for your interest in Citi's Annual Report. Despite the headwinds of the low rate environment, our Treasury & Trade Solutions business maintained strong momentum. 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. Being clinical in assessing which businesses Citi can retain or secure leading market positions. The Company. Citigroup has around 200 million customer accounts in more than 160 countries and jurisdictions. View the Financial Supplement (PDF) 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. And we are confident we have put Citi on the right path to improve returns over the long term and deliver the full benefits of our firm to all our stakeholders. 2022 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. Citigroup common stock is listed on the NYSE under the ticker symbol "C." Citigroup preferred stock Series J and K are also listed on the NYSE. March 15, 2022. Corporate Lending revenues of $548 million decreased 6% (excluding gain / (loss) on loan hedges), reflecting lower volumes, partially offset by a lower cost of funds. Our vision for Citi is to be the pre-eminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in our home market. Citigroups effective tax rate was 20% in the current quarter, largely unchanged from the third quarter 2020. Citigroup's end-of-period deposits were $1.3 trillion as of quarter end, an increase of 3% on a reported basis and 4% in constant dollars, driven by a 6% increase in GCB and a 4% increase in ICG. As we look to the horizon, the stakes could not be higher the world is only becoming more complex and more competitive. Accessed December 11, 2022. https://www.statista.com/statistics/279834/total-assets-of-citigroup/, Citigroup. The conference code for both numbers is 2976824. Country of Assets: United States Sectors: Real Estate and Homebuilding; Structured Finance: CMBS; Structured Finance 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. 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. Earnings per share of $2.15 increased 58% from the prior-year period, reflecting the growth in net income, as well as a 3% decline in shares outstanding. In depth view into Citigroup Total Assets explanation, calculation, historical data and more 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. From 2013 to 2015, she was the Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. Citi returned nearly $12 billion of capital to shareholders and Tangible Book Value increased 7% during the year. Citigroups effective tax rate was 19.5% in the current quarter compared to 20.5% in the fourth quarter 2020. 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. As at December 31, 2020, the Institutional Clients Group managed about $24 trillion in assets under custody, and Global Consumer Banking (GCB) had $205 billion in investment assets under management (AUM). RoTCE represents annualized net income available to common shareholders as a percentage of average tangible common equity (TCE). A few examples of assets of a company include cash, inventories, and accounts receivable. In 2021, we submitted our plan to the FRB and OCC. 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. 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. These statements are not guarantees of future results or occurrences. Outlook Report / Tue 21 Jun, 2022. Citi Retail Services revenues of $1.3 billion decreased 10%, reflecting lower average loans and higher partner payments. Simplifying Citi to unlock value for shareholders. Excluding the impact of foreign exchange translation6, loans were largely unchanged, primarily reflecting loan growth in the ICG offset by the impact of Asia divestitures. RoTCE represents annualized net income available to common shareholders as a percentage of average tangible common equity (TCE). Toll-free No. Press: Danielle Romero-Apsilos (212) 816-2264 She joined Citi in 2004 in the Corporate and Investment Banking division. 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. Learn more about how Statista can support your business. Excluding the impact of Asia divestitures, earnings per share of $1.99 increased 4%, primarily reflecting a 4% reduction in shares outstanding. Ensuring we have the right talent is critically important to our firm's success. 2 Ratios as of December 31, 2021 are preliminary. 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 Stockholder inquiries can also be directed by e-mail to shareholderrelations@citi.com. Net income of $3.2 billion decreased 26% from the prior-year period, reflecting higher expenses, partially offset by higher revenues and lower cost of credit. Revenues declined 1% from the prior-year period, including a pre-tax loss of approximately $680 million related to the sale of the Australia consumer business in Global Consumer Banking (GCB). We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works. We are also improving how we organize and leverage the incredible amount of data we have as a global bank. As COVID-19 barreled along an unpredictable path, Citi continued to help clients and customers navigate the impacts of economic lockdowns, inflationary pressures and supply chain disruptions and access the short- and long-term liquidity they've needed to manage through the pandemic. In other words, we lifted everyone up. Louisville, KY 40233-5005 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 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. And while strong consumer balance sheets have impacted lending, we are seeing higher consumer spending across our cards products. We protect people's savings and help them make the purchases - from everyday transactions to buying a home - that improve the quality of their lives. 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). Fixed Income Investors: Thomas Rogers (212) 559-5091. Percentage comparisons throughout this press release are calculated for the fourth quarter 2021 versus the fourth quarter 2020, unless otherwise specified. A live webcast of the presentation, as well as financial results and presentation materials, will be available at https://www.citigroup.com/citi/investor. ADB plans to start raising funds at the COP26 climate conference in November. A Snapshot of Citi's 2021 Financial Performance 2021 Key Financial Metrics REVENUE $71.9 billion EPS $10.14 CET1 CAPITAL RATIO 12.2% 3 NET INCOME $22 billion ROTCE 13.4% 2 LIQUIDITY COVERAGE RATIO 115% GREW OUR TANGIBLE BOOK VALUE PER SHARE BY 7% RETURNED NEARLY $12 billion IN CAPITAL TO OUR SHAREHOLDERS Key Highlights across Our Businesses (YoY) Digitization has made scale and agility a competitive necessity. CACIB's green loan portfolio amounts to 13.2 billion at year end. In comparison to that, non-life insurers . Retail Banking revenues of $1.0 billion decreased 6%, driven by lower deposit spreads and lower mortgage revenues. From the beginning of this work, we have been staying close to our regulators and keeping them updated on our progress. P.O. Total Asset Turnover 0.04: Liquidity. During the year, we were able to return nearly $12 billion of capital to common shareholders. ; PepsiCo total assets for 2021 were $92.377B, a 0.58% decline from 2020.; PepsiCo total assets for 2020 were $92.918B, a 18.3% increase from 2019. C Total Assets as of today (July 24, 2022) is $2,394,105 Mil. 2020 2021 2021 2021 2021 3Q21 4Q20 2019 2020 2021 (Decrease) Total revenues, net of interest expense(1)(2) . Returned $4.0 Billion of Capital to Common Shareholders. We are moving forward with urgency on our top priorities in order to responsibly narrow the returns gap with our peers: the Transformation, refreshing our strategy and building a culture of excellence. Citigroup total assets for 2020 were $2260.09B, a 15.83% increase from 2019. We had a decent end to 2021 driving net income for the year up to $22 billion in what was a far better credit environment than the previous year. 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. Citigroup total assets for the quarter ending September 30, 2022 were $2,381.064B, a 0.81% increase year-over-year. For the components of the calculation, see Appendix A. During the quarter, Citigroup returned a total of $1.0 billion to common shareholders in the form of common share dividends. What You Can Expect From Us and What We Expect From Ourselves. statistic alerts) please log in with your personal account. Total assets of Citigroup from 2011 to 2021 (in trillion U.S. dollars) [Graph]. Since 2018, total assets under management in the private markets have grown more than 60% from $6.0 trillion to $9.8 trillion3. The following are lists of the largest banks in the world, as measured by total assets. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. For our consumer franchise, the picture was more mixed. Citigroup total current assets for 2021 were $1626.918B, a 2.88% decline from 2020. 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. 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. On this basis and excluding the impact of Asia divestitures, expenses increased 9%, reflecting continued investments in Citis transformation, as well as business-led investments, partially offset by efficiency savings. Citi Retail Services revenues of $1.3 billion decreased 6%, reflecting lower average loans and continued higher payment rates. A key part of our strategy is investing in the Services businesses that are the heart of our global network and generate strong, fee-based returns. 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. 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. Corporate / Other loss from continuing operations before taxes of $(106) million compared to a loss of $(507) million in the prior-year period, reflecting the higher revenues and the lower expenses. PepsiCo total assets for the quarter ending September 30, 2022 were $94.461B, a 1.29% increase year-over-year. Citigroup total assets for 2021 were $2291.413B, a 1.39% increase from 2020. 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. The line dividing business and politics has all but disappeared, creating an entirely new paradigm for multinationals. Asia GCB revenues of $0.9 billion decreased 45% on a reported basis and 46% in constant dollars. For the full year 2021, Citigroup reported net income of $22.0 billion on revenues of $71.9 billion, compared to net income of $11.0 billion on revenues of $75.5 billion for the full year 2020. Investors: Jennifer Landis (212) 559-2718 Before joining Citi, Jane was a Partner at McKinsey & Company. Securities Services revenues of $688 million increased 5% on a reported basis and 7% in constant dollars, driven by higher settlement volumes and higher assets under custody, partially offset by lower deposit spreads. Earlier this year, we released our initial plan, setting 2030 targets for our energy and power loan portfolios. JPMorgan Chase wealth management clients were given access to six crypto funds in early August 2021. 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. Assets Cash $ 1,078 . Since launching our Action for Racial Equity initiative in 2020, we have invested more than $1 billion to help close the racial wealth gap in the U.S. That includes investing in Black-founded companies through our Citi Impact Fund, investing in minority depository institutions and inviting them to participate in revenue-generation opportunities alongside Citi, and committing equity to Black real estate developers to preserve affordable and workforce housing. At the same time, we have seen more permanent shifts across our industry. Citigroup annual total change in assets/liabilities for 2020 was $-53.182B, a 10.41% decline from 2019. For the components of the calculation, see Appendix A. Citigroup Inc. is a globally diversified financial services holding company providing a range of financial products and services including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management to consumers, corporations, governments and institutions. Jane has an M.B.A. from Harvard Business School and an M.A. Headquartered in Beijing, China . We ended 2021 with a solid balance sheet and a liquidity coverage ratio of 115%. 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). 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. 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. 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. This will make it easier for our investors to understand the performance of our core businesses and optimize the businesses we have chosen to exit. Profit from the additional features of your individual account. P.O. Join Datasite as we unpack insights and trends from our global M&A report in partnership with PitchBook. Then you can access your favorite statistics via the star in the header. This work is so fundamental and consequential in nature that we call it our Transformation. 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. 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. North America GCB revenues of $4.4 billion decreased 6%. "Total assets of Citigroup from 2011 to 2021 (in trillion U.S. Chart. Citigroup total assets from 2010 to 2022. Please check your download folder. To use individual functions (e.g., mark statistics as favourites, set In addition, net income excluding reserve releases is a non-GAAP financial measure. Citigroup's book value per share of $92.16 and tangible book value per share of $79.07 increased 9% and 10%, respectively, largely driven by net income. 6 Results of operations excluding the impact of foreign exchange translation (constant dollar basis) are non-GAAP financial measures. 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. Results of operations excluding these Asia divestiture-related impacts are non-GAAP financial measures. Apple total current assets for 2022 were $135.405B, a 0.42% increase from 2021. Another priority is our ambition in wealth management. Dec 2, 2022. E-mail address: shareholder@computershare.com Investment Banking revenues of $1.9 billion increased 39%, reflecting strong growth across products. an installed capacity of close to 8.5 GW), and 100% of Amundi's open-ended . As of January 31, 2022, Citigroup had approximately 61,355 common stockholders of record. For a reconciliation of these measures to reported results, see Appendix B. 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. 6 Results of operations excluding the impact of foreign exchange translation (constant dollar basis) are non-GAAP financial measures. Web address: www.computershare.com/investor. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. 2 Ratios as of September 30, 2021 are preliminary. 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. Holders of Golden State Bancorp, Associates First Capital Corporation or Citicorp common stock should arrange to exchange their certificates by contacting: Computershare Box 505005 We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities. Citi-Branded Cards revenues of $2.0 billion decreased 1%, reflecting continued higher payment rates. Debt underwriting revenues increased 19% to $877 million, Equity underwriting revenues increased 5% to $507 million, and Advisory revenues increased significantly to $539 million. If we fall short, we will take decisive action and learn from our experience. Total current assets can be defined as the sum of all assets that are classified as current because they will provide a benefit within one year. Citigroup cost of credit of $(0.5) billion in the fourth quarter 2021 compared to $(46) million in the prior-year period, primarily reflecting an improvement in net credit losses. Citi-Branded Cards revenues of $2.1 billion decreased 3%, primarily reflecting continued higher payment rates. 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. 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. 1RoTCE represents annualized net income available to common shareholders as a percentage of average tangible common equity and is a non-GAAP financial measure. 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. 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. Contacts: Through our Commercial Bank, we will expand our work with mid-sized companies who have aspirations to go global. She is married with two children. Companies are going global at a record pace. Private Bank revenues of $973 million increased 4% (excluding gain / (loss) on loan hedges), driven by higher fees and lending volumes, reflecting momentum with both new and existing clients, partially offset by lower deposit spreads. What led to poor performance in 2021 Citigroup came into 2021 facing several challenges. 888 250 3985 Citigroup total assets for the quarter ending September 30, 2022 were. Citigroup net income of $4.6 billion in the third quarter 2021 increased 48% from the prior-year period, driven by the lower cost of credit, partially offset by the higher expenses and lower revenues. We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. Citigroups results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures. 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. Use Ask Statista Research Service, Leading banks in Mexico by total assets 2021. All Citi common stock certificates issued prior to that date must be exchanged for new certificates by contacting Computershare at the address noted above. View Financial Supplement (Excel). As part of our Transformation, we are enhancing our risk and controls environment to be more intuitive and automated. The net ACL release in the current quarter primarily reflected improvements in portfolio credit quality. Statista. 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. Please check your download folder. 888 250 3985 In, Citigroup. 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. Current and historical return on assets (ROA) values for Citigroup (C) over the last 10 years. Across the globe, we have continued maximizing the impact we can make through financial innovation, particularly in our most underserved communities. Results for the quarter included a pre-tax impact of approximately $1.2 billion ($1.1 billion after taxes) related to the divestitures of Citis consumer banking businesses in Asia5. took another blow Thursday when it agreed to pay $24 million for the improper repossession of cars owned . The conference code for both numbers is 8287872. 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. This is about modernizing our systems and structures so that we can better manage the speeds and complexities of the digital world. For a reconciliation of these measures to reported results, see Appendix B. Compare C With Other Stocks From: To: Zoom: -10 0 10 20 TTM Net Income 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. Toll-free No. Retail Banking revenues of $1.0 billion decreased 7%, as the benefit of strong deposit growth was more than offset by lower deposit spreads, as well as lower mortgage revenues. Ensuring Citi's businesses are connected and generate synergies. 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. Citigroup operating expenses of $13.5 billion in the fourth quarter 2021 increased 18%. Please view this page on the latest version of Internet Explorer or, "We are confident we have put Citi on the right path to improve returns over the long term and deliver the full benefits of our firm to all our stakeholders. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. These statements are based on managements current expectations and are subject to uncertainty and changes in circumstances. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Before becoming CEO in February 2021, she was President of Citi and CEO of the Global Consumer Bank, responsible for all of Citi's Consumer businesses, including Retail Banking and Wealth Management, Credit Cards, Mortgage and Operations and Technology in 19 markets. Citigroups SLR for the third quarter 2021 was 5.8%, unchanged from the prior quarter. Our institutional franchise had a very active year, advising and underwriting many significant deals. Citigroup Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. 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. Excluding those reserve releases, our net income was $14.9 billion, and we had an RoTCE of 8.9%1. In 2021, we issued a first-of-its-kind $1 billion social finance bond to increase access to essential services in emerging markets - part of a goal we set last year to expand access to housing, education and healthcare for 15 million low-income households, including 10 million women. Our teams comprise the most capable and focused minds in quantitative trading. 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. The fixed premium costs of these hedges are netted against the Private Bank and Corporate Lending revenues to reflect the cost of credit protection. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. 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. Citi Citi CAA has invested 2.5 billion in renewable energies (i.e. Published by Statista Research Department , Jul 20, 2022 The total assets of Citigroup increased steadily between 2016 and 2021. Total non-accrual assets decreased 40% from the prior-year period to $3.4 billion. We are recognized for our industry experience, knowledge . We are excited about the work we have done over the past year to focus our strategy on where we can win. 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. For the components of the calculation, see Appendix A. For over 200 years, our global network has demonstrated the flexibility and resilience to adapt to the times. Ensuring we have a culture characterized by excellence underpins the success of our Transformation. In my conversations with clients and world leaders, they tell me this is the most complex landscape they can remember - but this is precisely the kind of environment in which Citi shines. GCB operating expenses of $6.2 billion increased 33% on a reported basis and 34% in constant dollars. These capabilities create an obligation to act responsibly, do everything possible to create the best outcomes, and prudently manage risk. Show publisher information "Total Assets of Citigroup from 2011 to 2021 (in Trillion U.S. Wells Fargo RepossessionAfter selling the car at auction, Wells Fargo attempted to collect more than $10,000 from Singleton, the. Citigroup total current assets for 2020 were $1675.139B, a 15.69% increase from 2019. View Financial Supplement (Excel). Apple total current assets for the quarter ending September 30, 2022 were $135.405B, a 0.42% increase year-over-year. Citigroup operating expenses of $13.5 billion in the fourth quarter 2021 increased 18%. 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. Latin America GCB revenues of $1.0 billion increased 1% on a reported basis. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. Currently, you are using a shared account. New York - Citigroup Inc. today reported net income for the third quarter 2021 of $4.6 billion, or $2.15 per diluted share, on revenues of $17.2 billion. For additional information about the Australia sale, see Citigroups Current Report on Form 8-K filed with the SEC on August 9, 2021. 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. GCB cost of credit of $(65) million compared to $1.7 billion in the prior-year period, driven by a net ACL release of $1.0 billion compared to a modest build in the prior-year period, reflecting improvements in both portfolio credit quality and the macroeconomic outlook, as well as lower net credit losses. 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. Markets and Securities Services revenues of $4.0 billion decreased 11%. CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q21 Page Citigroup . Click here for the complete press release and summary financial information. These factors include, among others, macroeconomic and other challenges and uncertainties related to the COVID-19 pandemic, such as the duration and severity of the impact on public health, the U.S. and global economies, financial markets and consumer and corporate customers and clients, including economic activity and employment, as well as the various actions taken in response by governments, central banks and others, including Citi, and the precautionary statements included in this release. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citigroup annual total change in assets/liabilities for 2021 was $38.864B, a 173.08% decline from 2020. Get in touch with us now. In our U.S. Retail and Cards businesses, government stimulus programs helped consumers accumulate additional savings, which translated into elevated payment rates and, consequently, a 5% decrease in loans and a 9% decrease in revenues. The portion of the business in Mexico that Citigroup is planning to sell or exit consists of $44 billion in assets. View the Financial Supplement (PDF) We continued to build out our leading custody platform, winning key mandates to provide post-trade services for some of our financial institution clients such as BlackRock. Excluding the impact of foreign exchange translation6, loans decreased 1%, primarily reflecting the impact of the sale of the consumer business in Australia. Fixed Income Investors: Thomas Rogers (212) 559-5091. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. For a reconciliation of these measures to reported results, see Appendix B. In March 2022, one year after I assumed the role of CEO, we held our first Investor Day since 2017. Click here for the complete press release and summary financial information. Citigroup total assets for 2019 were $1951.158B, a 1.76% increase from 2018. 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. And with our unique global perspective, our on-the-ground knowledge, and our empathy and expertise, we are able to develop solutions to the toughest of problems. Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. ICG net income of $2.5 billion decreased 22%, as the lower ACL releases and the higher expenses more than offset the higher revenues. [1] Contents 1 By total assets 1.1 Banks by country or territory 2 By market capitalization 3 See also 4 References By total assets [ edit] The list is based on the April 2022 S&P Global Market Intelligence report of the 100 largest banks in the world. 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. 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. The bank, which has lagged its peers since the Great Recession, got into trouble in. GCB operating expenses of $4.6 billion increased 7% on a reported basis and 5% in constant dollars, reflecting continued investments in Citis transformation, as well as business-led investments and volume-related expenses, partially offset by efficiency savings. But other key drivers were more encouraging, including higher purchase sales across our cards products and a pickup in cards loans at the end of the year. Let's take a look. Annual Balance Sheet - WSJ Subscribe Sign In Citigroup Inc. C (U.S.: NYSE) View All companies AT CLOSE 4:03 PM EST 12/09/22 $44.86 USD 0.17 0.38% AFTER HOURS 7:59 PM EST. Sponsored Sponsored 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. Our wealth businesses continued their momentum. Before that, she was the Chief Executive Officer of Citigroup Latin America from 2015 to 2019. But at Citi, we are determined to seize this moment. Citigroup's end-of-period loans of $668 billion as of quarter end decreased 1% from the prior-year period on a reported basis. Citigroup's effective tax rate was 19.5% in the current quarter compared to 20.5% in the fourth quarter 2020. 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. Investors: Jennifer Landis (212) 559-2718 Citigroups results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures. 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 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% . Getzville, NY 14068, Information about Citi, including quarterly earnings releases and filings with the U.S. Securities and Exchange Commission, can be accessed via Citi's website at www.citigroup.com. GCB net income of $1.3 billion increased significantly, as the lower cost of credit more than offset the decline in revenues and the higher expenses. 540 Crosspoint Parkway Are you interested in testing our corporate solutions? 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. 1 Preliminary. ICG operating expenses of $6.4 billion increased 9%, reflecting continued investments in Citis transformation, business-led investments and revenue-related expenses, partially offset by efficiency savings. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. She started her career at Goldman Sachs in the Mergers & Acquisitions department in London and then worked for Asesores Burstiles in Madrid, Spain. Louisville, KY 40233-5004 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. These factors also consist of those contained in Citigroups filings with the 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. Established on October 8, 1998, Citigroup is an American multinational investment bank and financial services institution serving over 160 countries internationally. 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. Over the longer term, I believe that our strategy will lead to a higher-quality earnings mix, and well further increase our returns as a result. 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. Returned $11.8 Billion of Capital to Common Shareholders in 2021; Payout Ratio of 56%. Being focused by directing resources to higher-returning businesses and away from the others. dollars)." 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. Jane Fraser is the Chief Executive Officer of Citi, the world's most global bank, serving millions of consumers, businesses and institutions across 160 countries and jurisdictions. Through Bridge Built by Citi, Citi aims to expand access to capital for small and medium-sized businesses in the U.S. while widening the customer base for lenders, helping to democratize the loan process. The annual certification to that effect was made to the NYSE on May 21, 2021. Going forward, we will be a firm focused on five core units - Services, Markets, Banking, U.S. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Total Assets (Quarterly) Range, Past 5 Years 1.842T Minimum Dec 2017 2.394T Maximum Mar 2022 2.142T Average 2.226T Median 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. 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. in economics from Cambridge University. 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. 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. Overall, our revenues were 3% higher than last year excluding the impact of the sale of our consumer business in Australia. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 1 Preliminary. We continue to Transform our bank with a focus on simplification and building a culture of excellence. C | Citigroup Inc. 100% of the electricity used to manufacture McCoy is Green-e certified renewable energy. In 2021, we also benefited from double-digit growth in deposits across our consumer franchise in the U.S. Our strategy to complement the great service we provide in our U.S. retail branches with best-in-class digital tools continued to pay off: Weve received $20 billion in digital deposits, and more than two-thirds have come from customers outside of our branch footprint, with about half of those deposits from our cardholders who did not previously have a retail relationship with us. Read the full press release with tables and CEO commentary. Telephone No. 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. Total non-accrual assets decreased 25% from the prior-year period to $4.0 billion. Markets and Securities Services revenues of $5.0 billion decreased 4%. This also allows us to target clients in the middle of the wealth continuum, which to date has been largely untapped territory for us despite already having relationships with them in the Commercial Bank. Read the full press release with tables and CEO commentary. Aligned with strategy. Citigroup will host a conference call today at 11 a.m. (ET). 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. Citigroups return on average tangible common equity (RoTCE) is a non-GAAP financial measure. Citi Velocity, our digital platform for institutional clients, attracted about 200,000 unique client users in 2021, a 64% increase over 2020 and a 138% increase compared with 2019, before the pandemic. 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. North America GCB revenues of $4.3 billion decreased 4%. Total long-term assets can be defined as the sum of all assets classified as non-current Citigroup total long-term assets for the quarter ending September 30, 2022 were $664.636B, a 2.11% increase year-over-year. Citigroup operates in North America, Asia, Latin America, and Europe, Middle East, and Africa (EMEA) regions. Citigroup's end-of-period loans were $665 billion as of quarter end, largely unchanged from the prior-year period on a reported basis. 4 Citigroups tangible book value per share is a non-GAAP financial measure. GCB net income of $713 million decreased 42%, as the higher expenses and the lower revenues more than offset the lower cost of credit. We also continue to show momentum in deposits and wealth management AUM as well as growing engagement across our digital channels. 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. Investment Banking revenues of $1.8 billion increased 43%, reflecting strong growth across products. (March 15, 2022). Get full access to all features within our Corporate Solutions. 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. 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