CITIBANK SINGAPORE FINANCIAL STRENGTH

Updated news.

Updated news.

Citibank Singapore is financially strong and well capitalized. As of 31 December 2020, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$3.7 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 19.6% as at 31 December 2020, against the requirement of 8%. In terms of total CAR, the ratio stands at 20.3% 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- 19 31 Mar 2020# 30 Jun 2020# 30 Sep 2020# 31- Dec- 20
(in S$ million)
Common Equity Tier 1 Capital 3,328 3,328 3,427 3,385 3,725
Eligible Tier 1 Capital 3,328 3,328 3,427 3,385 3,725
Total Eligible Capital 3,393 3,395 3,525 3,522 3,857
Total Risk Weighted Asset ("RWA") 17,748 19,307 18,272 18,552 18,969
Capital Adequacy Ratio ("CAR")
Common Equity Tier 1 CAR 18.75% 17.24% 18.76% 18.24% 19.64%
Tier 1 CAR 18.75% 17.24% 18.76% 18.24% 19.64%
Total CAR 19.12% 17.59% 19.29% 18.98% 20.34%
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 3,328 3,328 3,427 3,385 3,725
Total Exposures 42,396 48,288 45,843 47,399 48,811
Leverage Ratio 7.85% 6.89% 7.48% 7.14% 7.63%

# Unaudited figures.