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

  30- Sep- 2020# 31- Dec- 2020# 31- Mar- 21 30- Jun- 21# 30- Sep- 21#
(in S$ million)
Common Equity Tier 1 Capital 3,385 3,725 3,733 3,732 3,745
Eligible Tier 1 Capital 3,385 3,725 3,733 3,732 3,745
Total Eligible Capital 3,522 3,857 3,822 3,813 3,822
Total Risk Weighted Asset ("RWA") 18,552 18,969 20,104 21,009 20,581
Capital Adequacy Ratio ("CAR")
Common Equity Tier 1 CAR 18.24% 19.64% 18.57% 17.76% 18.20%
Tier 1 CAR 18.24% 19.64% 18.57% 17.76% 18.20%
Total CAR 18.98% 20.34% 19.01% 18.15% 18.57%
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 3,385 3,725 3,733 3,732 3,745
Total Exposures 47,399 48,811 52,257 56,672 55,366
Leverage Ratio 7.14% 7.63% 7.14% 6.58% 6.76%

# Unaudited figures.