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CITIBANK SINGAPORE FINANCIAL STRENGTH

Updated news.

Updated news.

Citibank Singapore is financially strong and well capitalized. As of 31 December 2023, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$3.8 billion.

As a Singapore incorporated company, we meet all regulatory requirements set by the Monetary Authority of Singapore. In terms of Capital Adequacy Ratios (CAR) set by the regulators, Citibank Singapore far exceeds the stipulated requirements. For tier 1 CAR, our ratio stands at 20.3% as at 31 December 2023, against the requirement of 8%. In terms of total CAR, the ratio stands at 20.7% against a 10% requirement. These ratios are amongst the highest in the industry.

Detailed information is stated below:

Citibank Singapore Limited CAR Disclosure

  30-Jun-23# 30-Sep-23# 31-Dec-23 31-Mar-24# 30-Jun-24#
(in S$ million)
Common Equity Tier 1 Capital 3,974 3,984 3,840 3,883 3,901
Eligible Tier 1 Capital 3,974 3,984 3,840 3,883 3,901
Total Eligible Capital 4,047 4,056 3,913 3,967 3,993
Total Risk Weighted Asset ("RWA") 18,496 19,041 18,935 19,160 19,172
Capital Adequacy Ratio ("CAR")
Common Equity Tier 1 CAR 21.48% 20.93% 20.28% 20.27% 20.35%
Tier 1 CAR 21.48% 20.93% 20.28% 20.27% 20.35%
Total CAR 21.88% 21.30% 20.67% 20.70% 20.83%
Minimum CAR
Common Equity Tier 1 CAR 6.50% 6.50% 6.50% 6.50% 6.50%
Tier 1 CAR 8.00% 8.00% 8.00% 8.00% 8.00%
Total CAR 10.00% 10.00% 10.00% 10.00% 10.00%
Leverage Ratio
Tier 1 Capital 3,974 3,984 3,840 3,883 3,901
Total Exposures 59,638 55,898 55,338 57,901 56,878
Leverage Ratio 6.66% 7.13% 6.94% 6.71% 6.86%

# Unaudited figures.