CITIBANK SINGAPORE FINANCIAL STRENGTH

Updated news.

Updated news.

Citibank Singapore is financially strong and well capitalized. As of 31 December 2022, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$4.0 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 22.9% as at 31 December 2022, against the requirement of 8%. In terms of total CAR, the ratio stands at 23.4% against a 10% requirement. These ratios are amongst the highest in the industry.

Detailed information is stated below:

Citibank Singapore Limited CAR Disclosure

  31-Dec-22 31-Mar-23# 30-Jun-23# 30-Sep-23# 31-Dec-23#
(in S$ million)
Common Equity Tier 1 Capital 3,953 3,935 3,974 3,984 3,434
Eligible Tier 1 Capital 3,953 3,935 3,974 3,984 3,434
Total Eligible Capital 4,029 4,003 4,047 4,056 3,507
Total Risk Weighted Asset ("RWA") 17,227 17,488 18,496 19,041 18,928
Capital Adequacy Ratio ("CAR")
Common Equity Tier 1 CAR 22.94% 22.50% 21.48% 20.93% 18.14%
Tier 1 CAR 22.94% 22.50% 21.48% 20.93% 18.14%
Total CAR 23.39% 22.89% 21.88% 21.30% 18.53%
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 3,953 3,935 3,974 3,984 3,434
Total Exposures 57,084 58,215 59,638 55,898 55,338
Leverage Ratio 6.92% 6.76% 6.66% 7.13% 6.20%

# Unaudited figures.