Citi has a legacy of employee volunteerism and support for a number of nonprofit partners in Sioux Falls and South Dakota, including the Sioux Empire Housing Partnership, which helps families in South Dakota fulfill the dream of home ownership. More than 87,000 client users in 160 countries count on our #1 ranked platform to help them navigate markets and make trading decisions. It demonstrated the power and potential of its new, integrated client-centric operating model in the U.S., grew loans and deposits globally, introduced an array of industry-first digital capabilities and expanded its ecosystem of partners, one of the most powerful in the industry. We also enabled our real-time Pay with Points functionality. Annual Reports. To deepen relationships with existing cardmembers, we announced an expanded partnership with American Airlines. Download. Author(s) World Bank … Additionally, the site has been certified with a LEED Gold designation from the U.S. Green Building Council, a testament to Citi's commitment to sustainability. 540 Crosspoint Parkway Download Full Annual Report 2019. Toll-free No. The financial section of this annual report is printed on FSC® certified Accent Opaque from International Paper. ROTCE in 2018 excludes a one-time benefit of $94 million due to the finalization of the provisional component of the impact, based on Citi's analysis, as well as additional guidance received from the U.S. Treasury Department, related to the Tax Cuts and Jobs Act. That is the first framework developed by responsible financial institutions to assess and manage the environmental and social risks associated with project finance. Citi also acted as global coordinator, bookrunner, mandated lead arranger and facility agent on the €4.2 billion dual-maturity term loan facilities and €360 million three-year revolving credit facility for CKHGT. Fundamentally, it aims to be a tool to help people improve their quality of life, leave cash behind and encourage financial inclusion. Internationally, we launched a suite of new products and digital capabilities. The statement said simply that companies should take the interests of all stakeholders - including shareholders, colleagues, clients, suppliers and communities - into account when making decisions. As a bank, we play a key role in helping businesses to transition to a digital and low-carbon economy. In 2019, Citi delivered our most profitable year since 2006. In the communities we serve, one particular infrastructure gap is increasingly pressing: affordable housing. For a reconciliation of revenues in constant dollars to reported results, see the tables in "Global Consumer Banking—Latin America GCB" and "Global Consumer Banking—Asia GCB" in Citi's 2019 Annual Report on Form 10-K included with this letter. Part 1 (Page 1-293) Business Review. In Wealth Management, we continued to enhance our capabilities, investing in our offerings and digital tools to meet a wider spectrum of customer needs. Our mortgage business, which provides loans for home purchase and refinance transactions in the U.S., originated $16.9 billion in new loans in 2019. We recently launched a $150 million Citi Impact Fund to invest our own capital in U.S.-based companies that are applying innovative solutions to help address four societal challenges: workforce development; sustainability; financial capability; and physical and social infrastructure. Unfortunately, we do not support Internet Explorer 8. E ... Home Investor Relations Annual Reports. We were financial advisor to U.S. biotech firm Celgene on its $96.8 billion merger with Bristol-Myers Squibb, the largest-ever healthcare M&A deal. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do. In the first two transactions under Scaling Enterprise, the partners have committed $5 million in financing to InI Farms to help smallholder banana and pomegranate farmers in India access export markets and increase incomes by up to 20%, as well as $5 million in financing to d.light to expand access to off-grid solar energy in Kenya. Retail Banking Commercial Banking . In 2019, Citi continued to pace its strategic investments in technology, modernizing its branch and ATM network and digitizing its products and client base. Sharing and Personal Tools. We have been on this journey for some time and welcome the actions companies are taking to hold themselves accountable to higher environmental, social and governance standards. A growing number of our clients seek to align their investments with their personal values. Digital technology is driving change across the industry, and Citi is adapting by migrating our capabilities to a digital platform. Since 2014, the Citi Foundation has invested more than $194 million to impact the lives of youth globally. The $100 billion target we have just completed was only one step in a long journey - a marker on a path rather than an end goal. Yours sincerely Yandraduth Googoolye 3. 2018 Public Bank Annual Report. Chief Executive Officer, Citigroup Inc. 1 Excludes the impact of foreign exchange (FX) translation (constant dollars), as well as pretax gains on sale in 2018 of approximately $150 million on a Hilton portfolio sale in North America Global Consumer Banking (GCB) and approximately $250 million on an asset management business in Latin America GCB. PDF Text Size. We also repeated the assessment for U.S. minorities and are pleased that after actions in 2018, there was no statistically significant difference between what U.S. minorities and non-minorities are paid at Citi. "When we set our business priorities, we focus heavily on the balance of our business - the importance of not being overly reliant on any one product or geography and the benefits of that diversification to strong and consistent financial performance. It's simply smart business. Clients and the industry took note. Branded Cards, Mexico and Technology — to drive a superior experience for clients, enhance our infrastructure and controls, strengthen cybersecurity and deliver value for Citi shareholders. Our annual e for Education campaign raised $8.15 million in 2019 to benefit education-focused nonprofits. Because our clients are increasingly global in their presence and in their financial needs, our unrivaled Global Client Service enables them to have dedicated local bankers in as many regions of the world as they require. Issues core to our environmental, social and governance efforts include: The impacts of climate change are becoming increasingly clear - not just the physical effects of a warming planet as it threatens communities and reshapes urban infrastructure but also the economic impacts as every sector examines its material risks and opportunities associated with these changes. Thanks for your interest in Citi's Annual Report. Online Banking. PBB 2019 Annual Report - Financial Statements.pdf 2.1 MB. We have invested over $194 million in this initiative to date and will soon be announcing its next stage. We are innovating how we engage with, recruit and develop talent; we are using data more effectively to pinpoint our challenges and areas of opportunity for improvement; and we have increased accountability for our representation goals among people managers. Through Citi Priority, we serve the needs of emerging affluent clients. At Citi, we emerged in a strong competitive position in terms of capital, liquidity, technology and, importantly, talent. Since its inception in 2013, the global philanthropic initiative has raised more than $37 million to help tackle childhood illiteracy and improve access to quality education. Cover photo: U.S. wind and solar project owned by NextEra Energy Partners, LP and KKR. Our partners are trusted leaders in their sectors who understand the needs of their local markets. French PDF 17.17MB. These included our new Rewards+SM card, a unique value proposition that provides cardmembers with the ability to earn more points on everyday purchases, as well as relationship-based offers that leverage our proprietary ThankYou® and Citi® Double Cash rewards products. Since the inception of digital onboarding, we have led over 3,000 advisory sessions with clients across our Digital Advisory, Treasury Diagnostics and Innovation Lab practices to help them grow, improve risk controls and enhance financial returns. Annual Report 2019 Download | HTML Corporate Governance Report 2019 Download Notice of Annual General Meeting Download Form of Proxy Download Administrative Notes Download Circular to Shareholders Download . Against that backdrop, the growth we drove came - as we said it would - from working collaboratively and creatively with clients to manage and grow their businesses in an increasingly complex environment characterized by trade routes shifting and supply chains realigning. Citi Flex Loan enables customers to convert a portion of their credit line into a fixed rate personal loan, while Citi Flex Pay enables customers to finance purchases by converting eligible purchases into a fixed payment plan. Stockholder address changes and inquiries regarding stock transfers, dividend replacement, 1099-DIV reporting and lost securities for common and preferred stock should be directed to: Computershare And these efforts have leveraged the time and talent of thousands of Citi employee volunteers. Our sales and trading, distribution and research capabilities span a broad range of asset classes, providing customized solutions that support the diverse investment and transaction strategies of investors and intermediaries worldwide. In 2019, Euromoney magazine named TTS the World's Best Bank for Transaction Services in its annual Awards for Excellence. Annual Reports. Mboweni, MP Minister of Finance September 2019 06 PART 1: INTRODUCTION PUBLIC INVESTMENT CORPORATION Two-thirds of our digital deposit sales came from outside our physical footprint, and half came from our card customers with no prior retail banking relationship with us. Web address: www.computershare.com/investor. We are being open about our data, what it means and what needs to be done to meet our goals. Giving power to the people ... we also continued to actively advance the sustainability agenda by nudging customers, the community and the public to come onboard the sustainability journey with us.” Piyush Gupta Chief Executive Officer, DBS Bank. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. Both groups want simple, seamless experiences that are not just best of bank but best in life, prompting us to allocate substantial resources and mindshare to exceeding our clients' evolving expectations of engaging with Citi on their channel of choice. 2019 Public Bank Annual Report. Second, we invest in firms with demonstrable growth potential and ability to create solutions that deliver real benefits to our firm and clients. Stephen M. Scherr. We expanded digital lending with two new solutions, Citi Flex Loan and Citi Flex Pay. 2017 Public Bank Annual Report. Citi Private Bank retained the award for the Best Global Private Bank from the Financial Times for the second year, finishing 2019 with year-over-year growth across product areas. Citi acted as financial advisor and lead provider of committed financing to Occidental Petroleum Corporation on its acquisition of Anadarko Petroleum Corporation, a transaction valued at $57 billion that was the third largest energy acquisition globally and the largest in North America in the last 20 years. Citigroup common stock is listed on the NYSE under the ticker symbol "C." Citigroup preferred stock Series J, K and S are also listed on the NYSE. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works. Disclaimer. Votraint No. In 2019, Citi ranked first among U.S. financiers of affordable housing for the 10th year in a row. 28 business operations. Citi has also partnered with the U.S. International Development Finance Corporation to expand microfinance loans to women in emerging markets around the world. This figure does not represent the actual number of beneficial owners of common stock because shares are frequently held in "street name" by securities dealers and others for the benefit of individual owners who may vote the shares. Management's Discussion and Analysis of Results of Operations and Financial … To be a healthy, high-performing organization, we need a well-balanced team that is representative of the places where we operate, in every part of the world. Scaling Enterprise will facilitate vital growth financing to companies that are expanding access to finance, agriculture, energy, affordable housing, water and sanitation to low-income households in emerging markets. The new building features open-concept working spaces to foster greater collaboration - a design Citi is using with its new buildings around the world. Last year, we continued our support of the communities in which we live and work. 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