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

  30-Jun-22# 30-Sep-22# 31-Dec-22 31-Mar-23# 30-Jun-23#
(in S$ million)
Common Equity Tier 1 Capital 4,081 4,119 3,953 3,935 3,974
Eligible Tier 1 Capital 4,081 4,119 3,953 3,935 3,974
Total Eligible Capital 4,148 4,196 4,029 4,003 4,047
Total Risk Weighted Asset ("RWA") 17,368 17,341 17,227 17,488 18,496
Capital Adequacy Ratio ("CAR")
Common Equity Tier 1 CAR 23.49% 23.75% 22.94% 22.50% 21.48%
Tier 1 CAR 23.49% 23.75% 22.94% 22.50% 21.48%
Total CAR 23.88% 24.20% 23.39% 22.89% 21.88%
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 4,081 4,119 3,953 3,935 3,974
Total Exposures 56,372 57,879 57,084 58,215 59,638
Leverage Ratio 7.24% 7.12% 6.92% 6.76% 6.66%

# Unaudited figures.