Citibank Euromoney 2007

Citibank Singapore Ltd

Message from Anil Wadhwani
Message from Anil Wadhwani

Chief Executive Officer

Citibank Singapore Limited

May 31, 2010


To all Citibank Singapore Limited customers

Dear Customer,

On May 26, we announced the 2009 financial results of Citibank Singapore Limited and this was widely reported in the various local media. I am writing to provide you with a snapshot of some of the key highlights and to thank you for your unwavering support which has made this performance possible.

Key Highlights for Citibank Singapore Limited:

For the year ended 31 December 2009, the locally incorporated Citibank Singapore Limited achieved its highest-ever net profit of S$718.6 million on revenue of S$1.56 billion.
This compares with a net profit of S$703.6 million and revenue of S$1.5 billion in 2008.
Citibank Singapore Limited continues to be highly capitalised. As of 31 December 2009, the bank's total equity was S$4.3 billion, with a total capital adequacy ratio of 27.07% and a Tier 1 capital adequacy ratio of 26.65%, which are far in excess of the requirement set out by the Monetary Authority of Singapore.

Coming on the back of 2008 which was a strong year for us and given the challenges that the market presented in 2009, Citibank Singapore Limited's financial performance underscores the trust and confidence that our valued customers have placed in us. This has enabled us to achieve broad-based growth across customer segments and product lines.

Our commitment to Singapore has never been stronger. As a leading market player, we continue to invest in technology and innovation to ensure that you enjoy best-in-class products and services. We also remain committed to further increasing our accessibility as we grow our presence here.

We recognise that we owe a large part of our success to the community we serve. As such, we measure our success not only by the financial solutions we deliver but also for the positive difference we make in the lives of Singaporeans. We do this through our citizenship efforts which are focused on raising financial literacy. Over the last eight years, Citi Singapore, through the Citi Foundation, has given grants totalling more than S$7.6 million to support financial education programmes here in Singapore and we continue to expand on our initiatives in this area. Our most recent initiative was "Managing Your Wealth", a six-part financial education series that empowers both our customers and the general public to make better financial decisions. The complete series is available free online at www.citibank.com.sg/myw.

Once again, thank you for your continued support. We look forward to deepening our partnership with you as we continue to offer innovative products and services to serve you even better.

Yours sincerely,


Anil Wadhwani
Chief Executive Officer
Citibank Singapore Limited



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