We advise people on how to invest for future needs, such as their children's education and their own retirement, and help them buy securities such as stocks and bonds. Mboweni, MP Minister of Finance September 2019 06 PART 1: INTRODUCTION PUBLIC INVESTMENT CORPORATION 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. Flash forward to September 2019 and Climate Week in New York: Citi was the only U.S. bank to sign on to the United Nations' Principles for Responsible Banking, joining a coalition of 130 global financial firms that have agreed to align their business practices related to climate risks and opportunities with the UN's Sustainable Development Goals and the Paris Agreement. Citi was proud to receive the #1 rating in customer satisfaction across the retail banking industry by the American Customer Satisfaction Index following being top rated among national banks in 2016 and 2017. Arabic PDF 21.17MB. Economic, Price and Financial System Stability, Outlook and Policies 2. In our Global Consumer Bank, we sustained momentum by generating 4% annual underlying revenue growth with contributions from all three regions: the U.S., Mexico and Asia.3 Since establishing a client-centric structure in our largest Consumer market, the U.S., our strategy of unifying Branded Cards and Retail Banking has yielded a steady stream of compelling new products and value propositions, from digital lending to flexible payments. In Mexico, Citibanamex is one of the most well-regarded and historically significant financial institutions in the country, with top brand recognition, leading market share and an extensive retail branch network complemented by rapid digital and mobile user growth. PBBANK (1295): PUBLIC BANK BHD - Annual Report. As part of ICG, the Private Bank is able to connect clients' businesses to banking, capital markets and advisory services, as well as to Citi's other institutional resources. Download . Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. As a bank, we play a key role in helping businesses to transition to a digital and low-carbon economy. With a high-touch, segment-driven relationship model that serves clients across the full spectrum of consumer banking needs, Citibank serves as a trusted advisor to its retail, wealth management and small business clients at every stage of their financial journey. About Us . More than 50% of the progress toward financial inclusion in this country in the past six years has been made through Citibanamex.". Annual Reports - Krungthai Bank. In Mexico, Citibanamex remains one of the leaders in the credit card segment, with strong market share, compelling reward programs, ThankYou® Rewards and Premia, as well as market-leading promotions, including more than 2,500 agreements with retailers and businesses. Economic and Social Infrastructure 4. Download. Citi is committed to developing financial solutions that are safe, transparent and accessible - ones that provide real economic value, including for those whose financial needs are currently unmet. The Citi Foundation's Pathways to Progress program, which started in 2014 in 10 cities and went global three years later, has helped prepare more than 850,000 youth for the jobs of today through paid internships, mentorship, workforce training and leadership development. 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%. Core to our drive to digital is implementing a strategy where we combine our proprietary solutions and partner with fintech companies like HighRadius and Cachematrix, and key industry players like PayPal, making the services available on our industry-leading global network. The modern four-story facility occupies 150,000 square feet on 19 acres in the southwest corridor of Sioux Falls. Our earnings per share of $8.04 were up more than 20% compared with the year before. We have extensive experience with the challenges that families and their Family Office executives regularly face, and we address their needs by combining the personalized service of a private bank with sophisticated cross-border strategies that are typically reserved for major institutions. A; A; Fellow Shareholders: Download PDF of the Letter . The financial section of this annual report is printed on FSC® certified Accent Opaque from International Paper. Toll-free No. In 2013, Citi achieved our first 10-year $50 billion Environmental Finance Goal three years early, and in 2019, we exceeded our second 10-year $100 billion Environmental Finance Goal four years ahead of schedule. Retail Services generated purchase sales of $88 billion and ended the year with a loan portfolio of $53 billion. 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. 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. Our proprietary Citi Flex Pay capabilities will be available to our American Airlines co-brand cardholders, and our existing lending partnership will expand to include a deposit product, the Citi Miles AheadSM Savings Account, which will launch in 2020 to American Airlines co-brand cardholders who reside within the U.S. but outside locations in which Citi has a retail branch. We know that is the only effective way for us to meaningfully reduce our raw pay gap over time. At Citi, we actively seek diverse perspectives at all levels of our organization because we know that it will improve performance and boost innovation. In 2019, Citi delivered our most profitable year since 2006. We protect people's savings and help them make the purchases — from everyday transactions to buying a home — that improve the quality of their lives. Citi's 2019 Form 10-K filed with the SEC, as well as other annual and quarterly reports, are available from Citi Document Services toll free at 877 936 2737 (outside the United States at 716 730 8055), by e-mailing a request to [email protected] or by writing to: Citi Document Services A year after we aligned our structure to create a holistic client coverage model in the form of the unified Banking, Capital Markets and Advisory (BCMA) team, our share rose year-over-year across mergers and acquisitions (M&A) and equity and debt capital markets. Digital deposit sales reached $6 billion in 2019, five times that of the prior year. Ultimately, taking stakeholder interests into account benefits our shareholders. Citi acted as a joint lead manager and joint bookrunner on a $7.5 billion offering of senior unsecured bonds to refinance short-term debt, joint dealer manager on Pemex's $7.2 billion dual Exchange Offers, and joint dealer manager on Pemex's $5 billion cash tender offer. 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. Previous Years Annual Report. Under the agreement, KKR will acquire an equity interest in structured partnership with NEP that owns a geographically diverse portfolio of 10 utility-scale wind and solar projects across the United States, collectively consisting of approximately 1,192 megawatts. As for Citi's concrete commitments, our businesses seek out opportunities to address challenges that impact our clients and communities. 11 financial highlights. Our industry-leading Treasury and Trade Solutions (TTS) business is the backbone of our institutional franchise because our global client network makes Citi the first call to manage cash, process payments and create solutions to supply chain challenges and provides opportunities for clients in multiple markets and currencies. Introduced in 2014, the account addresses the needs of a range of customers, particularly first-time and younger consumers, as well as often overlooked portions of the U.S. market, including low-income individuals, senior citizens and immigrants, by reducing the risks of overdrawn accounts and coinciding fees. Cover photo: U.S. wind and solar project owned by NextEra Energy Partners, LP and KKR. Internationally, we launched a suite of new products and digital capabilities. Published. 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 … 4 3 2 1. Citi advised on a $20 billion three-part strategic liability management transaction for Petróleos Mexicanos (Pemex). We have been on the front lines and in charge of leading our industry with our sustainability strategy since joining the United Nations Environment Programme Finance Initiative in 1997 and co-founding the Equator Principles in 2003. 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. And prudently manage risk accessing the capital markets intelligence and execution globally and UAE... Platform for global commerce 150,000 square feet on 19 acres in the U.S. we! 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