public bank annual report 2019

Part 2 (Page 1-331) Financial Statements. The new space features an abundance of natural light and panoramic views throughout the building, coupled with collaborative workspaces, new amenities and cutting-edge technology, making it a great place to come to work. As well as working with their other advisors to create appropriate structures and strategies, we help prepare their heirs for future responsibilities as wealth owners and leaders of the family business. Annual Reports. Bank Al-Maghrib. Citi provided the $116 million affordable housing construction loan and $12.5 million permanent loan for the 14-story, 407-unit development serving people with disabilities and/or mental illness who have experienced homelessness, as well as families and veterans overcoming homelessness. 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. It is a key example of how we are reinforcing our commitment to offer Mexico's best banking experience while driving financial inclusion and using new technologies to meet the expectations, needs and preferences of each of our clients. CitiConnect®, our API connectivity platform, reached a new milestone with more than 157 million API calls processed by clients in 2019, compared with 18 million in 2018, representing a growth rate of 750%. We were lead financial advisor to Raytheon on its all-stock merger with United Technologies' aerospace unit. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. The transaction, which has a combined enterprise value greater than $155 billion, represents the largest aerospace and defense transaction in history. Citi advised on a $20 billion three-part strategic liability management transaction for Petróleos Mexicanos (Pemex). Annual Report 2018 DOWNLOAD HTML. Coming out of a tough fourth quarter of 2018 for the markets and our industry, we entered 2019 amid widespread predictions of a global recession and potential turn of the business cycle. All Citi common stock certificates issued prior to that date must be exchanged for new certificates by contacting Computershare at the address noted above. The $19.4 billion we earned on $74.3 billion in revenues was $1.4 billion higher than in 2018. Citi was named Best Digital Bank in Asia by Euromoney, Best Digital Bank in Mexico by Global Finance and the firm with the Most Desirable Mobile Banking Features in the U.S. by Business Insider Intelligence. Chinese PDF 20.96MB. Proceeds of the bond offering and term loan were used for repayment of the bridge facility. Our earnings per share of $8.04 were up more than 20% compared with the year before. Through retail bank and small business credit card lending, as well as supply chain financing through its institutional bank, Citi invested more than $10.6 billion in small business lending in 2019, bringing its total for the decade to nearly $100 billion. Through Citibank, Citi Priority, Citigold and Citigold Private Client, we serve clients across the full spectrum of the wealth continuum so once they become a Citi customer, they can stay a Citi customer as their needs evolve. Across the U.S., Citi continued to advance financial inclusion and the economic strength and growth of communities. Our Pathways to Progress initiative is designed to help close this jobskills mismatch by providing young people with the tools they need through training, work experience and entrepreneurial opportunities. PBB 2019 Annual Report (Page 108 to Page 165).pdf 2.3 MB. Its $21.8 billion bridge loan facility is the second largest in energy globally and the largest in North America. By serving these companies, we help them grow, creating jobs and economic value at home and in communities worldwide. It looks like your browser does not have JavaScript enabled. 13 summary of five-year growth. Citi was named Derivatives Clearing Bank of the Year by, Citi maintained top position as the largest affordable housing lender in the United States, according to, Citi ranked #1 in Web Based Analytics and #3 Overall in the, Citi received a number of regional accolades, including Best Bank in Asia from, Citi was named Most Innovative Investment Bank for Equity-Linked Products from. And these efforts have leveraged the time and talent of thousands of Citi employee volunteers. Securities Services grew deposit balances versus the prior year through new mandates and organic growth from existing clients. We expanded digital lending with two new solutions, Citi Flex Loan and Citi Flex Pay. Through this facility, we are able to provide earlier-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets. Download. And we announced a partnership with Google to explore launching a new checking account on Google Play in 2020, aimed at expanding the reach and breadth of our customer base. TTS has established itself within our firm and industry as a pioneer in steering the shift from analog to digital platforms and processes. We are on a path to return approximately $62 billion of capital to our shareholders, exceeding our commitment. This year, Citi has expanded the campaign to include a broader range of electronically traded products, including local market bonds and futures and cash equities. In Tunisia, we recently announced the launch of a $10 million loan guarantee facility, which will provide growth financing to more than 17,000 microentrepreneurs, approximately 65% of them women. We drove 4% underlying revenue growth across our Consumer and Institutional franchises. To date, nearly half of all credit card accounts and more than half of new loans in Asia are acquired digitally. Through Citi Priority, we serve the needs of emerging affluent clients. Our unique business model enables us to focus on fewer, larger and more sophisticated clients who have an average net worth above $100 million. In Asia, we continued to enhance the client experience, unveiling a revitalized Citigold Private Client experience in China and launching Citibank Global Wallet in 13 markets, a market-first product that provides unrivaled convenience in foreign currency withdrawal and spending. 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. 2 Return on Tangible Common Equity (ROTCE) is a non-GAAP financial measure. The Annual Report (ISSN 1407-1800*), the main publication on the Bank's activity, has been published in Latvian and English since 1992. Our network-driven strategy allows us to offer an integrated suite of wholesale banking products and services to clients who value our unmatched country presence and who require a financial services partner that can help them grow in any country where they do business. We are also on track to achieve our goal of sourcing 100% renewable electricity across our global operations in 2020. Fundamentally, it aims to be a tool to help people improve their quality of life, leave cash behind and encourage financial inclusion. Arabic PDF 21.17MB. "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. Download. Announcement Info. In partnership with Banco de México, Mexican financial authorities and other banks, the innovative new electronic payments platform Cobro Digital, or CoDi, was launched. © 2020 Citigroup Inc. All rights reserved. French PDF 17.17MB. Strategic Report 2019 (PDF 3.8MB) Strategic Report 2019 - Chinese (PDF 6MB) The Strategic Report is the first section of the Annual Report and Accounts. Michael L. Corbat Part 1 (Page 1-293) Business Review. 繁 Profile Board of Directors Board Committees Risk Management Regulatory Disclosures Financial Reports News & Announcements Career Opportunities Branch Network Corporate Culture ; Financial Reports. The year concluded with several economic storm clouds lifting. The Institutional Clients Group includes five main business lines: Banking, Capital Markets and Advisory, Commercial Banking, Markets and Securities Services, Private Banking, and Treasury and Trade Solutions (TTS). The science is clear: climate change is a monumental challenge, and we need to move toward a low-carbon global economy. 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. Stockholder inquiries can also be directed by e-mail to shareholderrelations@citi.com. We also expanded our relationship with American Airlines to offer a new savings account designed to deepen relationships from cards-only customers to multi-relationship clients. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. Citi also structured a convertible equity portfolio financing solution for NextEra Energy Partners (NEP) and KKR to fund a renewables portfolio, a unique structure that met the strategic, corporate finance and return objectives of both clients. Citi is also serving as lead financial advisor to LVMH Moët Hennessy Louis Vuitton SE and is providing committed financing for its definitive agreement to acquire Tiffany & Co. in a $16.9 billion transaction, the largest luxury acquisition in history. In 2019, Citi continued to pace its strategic investments in technology, modernizing its branch and ATM network and digitizing its products and client base. 2019 Public Bank Annual Report. Display mode (Doesn't show in master page preview). While there is no shortage of challenges ahead, I am confident in our ability to continue to rise and meet them. For more information on our sustainability efforts, please visit citi.com/citi/sustainability. ANNUAL REPORT 2019 (PC version / PDF: 14.4MB/252 pages) ANNUAL REPORT 2019 (Tablet version / PDF: 6.30MB/213 pages) Disclaimers about information regarding SoftBank Vision Fund and its fund manager, SBIA (PDF: 28.0KB/1 pages) 2018: ANNUAL REPORT 2018 (PDF: 692KB/113 pages) Management Message. We have made significant commitments in support of a sustainable, low-carbon economy and are on the record for our strong support of the Paris Agreement. We know that is the only effective way for us to meaningfully reduce our raw pay gap over time. Appendixes 7.749MB. 10 corporate profile. 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. Celent awarded Citi its Model Bank of the Year award, reflecting our ongoing efforts to drive transformational innovation and digitization. Branded Cards provides payment, credit and lending solutions to consumers and small businesses, with 55 million accounts globally. It sets out how ADB has been providing finance, knowledge, and other expertise as it works to help achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. We drove 4% underlying revenue growth across our Consumer and Institutional franchises.1We have grown loans and deposits for 16 consecutive quarters. Sharing and Personal Tools. Our strategy to capture the abundant opportunities inherent in this trend is threefold. In 2019, Euromoney magazine named TTS the World's Best Bank for Transaction Services in its annual Awards for Excellence. Second, we invest in firms with demonstrable growth potential and ability to create solutions that deliver real benefits to our firm and clients. As part of Citi's Pathways to Progress initiative, the Citi Foundation has invested in local organizations, expanding the skills of over 4,000 young people, and for more than a decade, Citi has partnered with the rural development organization Dakota Resources, which serves low-to-moderate income communities across the state. We continue to believe that empowering young people, providing early work experience and financial knowledge, incubating an entrepreneurial mindset, and creating networks and access to role models are each integral to enabling youth to build a stronger future for themselves, their families and their communities. Senators John Thune and Mike Rounds; Sioux Falls Mayor Paul TenHaken; and U.S. Representative Dusty Johnson along with Citi colleagues, local business leaders and members of the community. Annual Report 2016 DOWNLOAD HTML. Loans and working capital in local currency and at affordable rates can enable innovative social impact companies to achieve scale, greater efficiencies and lower costs. Date; 31-Dec-2019 : 29-May-2020 : 31-Dec-2018 : 21-Mar-2019 : 31-Dec-2017 : 22-Mar-2018 : 31-Dec-2016 : 02-Mar-2017 : 31-Dec-2015 : 03-Mar-2016 : 31-Dec-2014 : 05-Mar-2015 : 31-Dec-2013 : 06-Mar-2014 : 31-Dec-2012 : 21-Feb-2013 : 31 … Banking, Capital Markets and Advisory listens, collaborates and problem solves, working tirelessly on behalf of our corporate, financial institution, public sector and sponsor clients to deliver a range of strategic corporate finance and advisory solutions that meet their needs, no matter how complex. We are committed to helping our clients preserve their wealth for themselves, for their families and for future generations. In a country where 80% of payments are made in cash and 40 million Mexican adults don't have a bank account, CoDi will change the way Mexicans transfer money and pay each other. You are about to enter a third party website where the Public Bank Group's Privacy Policy will not be applicable. Citi is a proud partner of the International Paralympic Committee. Bank Al-Maghrib Annual Report 2019. 19 chairman statement . To enhance how we serve midsized companies that value our global reach, we realigned our organizational structure to have Citi Commercial Bank report into the Institutional Clients Group globally. Retail Services is one of North America's largest and most experienced retail credit solution providers of private label and co-brand credit cards for retailers. Public Bank Corporate Governance Report 2019.pdf 1.3 MB. Financial Review (PDF 2MB) Our Institutional Clients Group turned in an equally strong performance, driving balanced 4% underlying revenue growth across our franchise that serves corporate (including 90% of Fortune 500 firms), investor and government clients and ultra high net worth households and individuals.4 International Financing Review summed up the source of our market and wallet share gains when it named Citi 2019 Bank of the Year: "Citi is a truly global - and unique - corporate bank that joins the developed and developing world." 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. Previous Years Annual Report. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. In the U.S., we offered Citigold clients commission-free purchases on ETFs and enhanced digital planning capabilities with Citi® Wealth Advisor, a digital financial planning solution for creating custom financial plans focused on the needs and goals that matter most. To date, we have returned approximately $53 billion, including a portion of the roughly $22 billion we gained regulatory approval to return over the 2019 Comprehensive Capital Analysis and Review cycle.

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