Citigroup Inc., which is incorporated in United States of America, has an operating branch in Singapore. As of 31 December 2022, Citigroup Inc. US$127 billion in paid up capital and a total equity of US$202 billion.
Tier 1 Capital ratio stands at 13.85% and 14.80% as at 31 December 2022 under Advanced Approaches and Standardized Approach respectively, against the requirement of 11.50% and 13.00% respectively.Total Capital ratio stands at 15.46% and 17.28% as at 31 December 2022 under Advanced Approaches and Standardized Approach respectively, against the requirement of 13.50% and 15.00% respectively.
The claims of holders of deposit liabilities and certain claims for administrative expenses against an insured depository institution would be afforded priority over other general unsecured claims against such an institution, including claims of debt holders of the institution and depositors in non-U.S. branches, in the liquidation or other resolution of such an institution by any receiver.
Citibank Singapore is financially strong and well capitalized. As of 31 December 2022, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$4.0 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 22.9% as at 31 December 2022, against the requirement of 8%. In terms of total CAR, the ratio stands at 23.4% 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.