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.
Public disclosure of the Bank’s Liquidity Coverage Ratio and Net Stable Funding Ratio are performed in accordance with the requirements under MAS Notice 651 and MAS Notice 653 respectively. Effective Q4-2019 these disclosures are included as part of the MAS637 disclosure document.