There are few areas where the gap between the scale of the need and of the progress to date is wider than in the field of inclusive finance. We also introduced Citi® Global Collect, a collaboration between our TTS and Foreign Exchange businesses -a new cross-border platform to help clients manage collecting cross-border business-tobusiness payments by digitizing the transaction process and embedding FX capabilities. With a strategic focus on the U.S., Mexico and Asia, the Global Consumer Bank serves more than 110 million clients in 19 markets. Over the last two years, we have elevated the conversation around race, gender and equal pay for equal work. Annual Report 2019 PDF 6,323KB. We ranked #1 in sales quality and trading quality, as well as #1 in e-trading. 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. Our library of annual reports provides a comprehensive view of our financial performance and activities. Full Year Financial Statement & Dividend Announcement For The Year Ended 31 December 2019: Financial Statement: 12 Dec 2019: 309 KB : Third Quarter Financial Statement & Dividend Announcement for the Period Ended 30 September 2019: Financial Statement: 24 Oct 2019: 230 KB : Press Release: 24 Oct 2019: 126 KB FINANCIAL HIGHLIGHTS [P3-4] CORPORATE GOVERNANCE. CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. 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. If you are reading this text on your screen then either, the style sheet ( CSS ) file has failed to load, in which case you should refresh your screen or, your browser may not support style sheets. This work complements our existing environmental, social and governance efforts and aims to highlight the ability to achieve financial returns while also making a positive societal impact. We further streamlined our Markets operating model to drive better client service in 2019, combining FXLM and G10 Rates to create a single Rates and Currencies business line. To date, nearly half of all credit card accounts and more than half of new loans in Asia are acquired digitally. CITIC Limited (SEHK:267) is China's largest conglomerate, with total assets of more than US$900 billion. From climate change to social inequality to financial inclusion, there are numerous challenges facing society today. Annual Report 2019 DEFINITIONS In this annual report, unless the context otherwise requires, the following terms shall have the meanings set out below. 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. 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. Message from the Chair and CEO. Honors. Against that backdrop, the growth we drove came - as we said it would - from working collaboratively and creatively with clients to manage and grow their businesses in an increasingly complex environment characterized by trade routes shifting and supply chains realigning. And we took our advisory dialogue with clients to new levels to help them accelerate their transformational journey to a new digital decade. Citi's Global Consumer Bank (GCB), a global leader in banking, credit cards and wealth management, is a critical growth engine for Citi. Citi is committed to contributing to solutions that address these issues. All advertising featured in this report ran in the U.S. As used throughout, Citi's results of operations in constant dollars and excluding the gains on sale are non-GAAP financial measures. These results reflect how well our model can perform, even in an uncertain environment. If we fall short, we will take decisive action and learn from our experience. Citi was recognized with a number of industry awards, including Best Digital Bank in Asia (Euromoney), Best Digital Bank in Mexico (Global Finance) and Most Desirable Mobile Banking Features in the U.S. (Business Insider Intelligence). CoDi will enable more than 5.5 million digital clients to transfer money and make payments of up to 8,000 pesos (US$400) per transaction with ease and at no cost using Quick Response(QR) codes. ROTCE in 2018 excludes a one-time benefit of $94 million due to the finalization of the provisional component of the impact, based on Citi's analysis, as well as additional guidance received from the U.S. Treasury Department, related to the Tax Cuts and Jobs Act. 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. As colleagues and clients want to work for, and do business with, companies that affirmatively reflect their own priorities and principles, more firms intent on attracting and retaining top talent are rising to the challenge. The new platform is also simple and works with all smartphones, banks and telephone carriers. Dividends. Working together, we provide innovative solutions to meet the complex needs of corporations, financial institutions, public sector entities, investment managers and ultra high net worth clients. 2019 Annual PDF 805KB. Retail Services generated purchase sales of $88 billion and ended the year with a loan portfolio of $53 billion. They are, therefore, able to enjoy seamless, cross-border service from a worldwide team working together as one. Regardless of source, our intent is the same: tapping technology to eliminate client pain points and frustrations, streamline our processes, and deliver holistic, integrated products and services to customers and clients of all sizes and sectors more seamlessly and efficiently than peers. The world's largest credit card issuer, Citi is a global leader in payments, with over 138 million accounts and $564 billion in annual purchase sales, and unrivaled partnerships with premier brands across Branded Cards and Retail Services. Annual reports | Reports overview. Citi is a proud partner of the International Paralympic Committee. Globally, we continued to strengthen our value propositions, expand co-brand partnerships, and provide new digital capabilities that make purchases faster, convenient and more rewarding. We are Citi, the global bank — an institution connecting millions of people across hundreds of countries and cities. MOST POPULAR. Holders of Golden State Bancorp, Associates First Capital Corporation or Citicorp common stock should arrange to exchange their certificates by contacting: On May 9, 2011, Citi effected a 1-for-10 reverse stock split. Annual Report 2018 ... On top of business development, we made an important decision in 2018 to establish a 50:50 energy fund with CITIC Pacific. Corporate News. Announcement of 2020 Interim Results PDF 700KB. Its headquarters are in Chaoyang District, Beijing. And third, we develop proprietary solutions through our internal D10X incubation program and network of Innovation Labs. Globally, we continued to introduce industry-leading digital capabilities, redesign the client experience, and embed our services in the most popular social and e-commerce platforms, enabling customers to bank anytime, anywhere, on their channel of choice. In 2019 we achieved a solid and resilient performance in a more difficult market environment. Our strategy to capture the abundant opportunities inherent in this trend is threefold. Annual Report 2019 PDF 6,323KB. Proceeds of the bond offering and term loan were used for repayment of the bridge facility. The statement said simply that companies should take the interests of all stakeholders - including shareholders, colleagues, clients, suppliers and communities - into account when making decisions. Welcome to the China CITIC Bank International. We also were joint global coordinator and bookrunner on Alibaba Group's nearly $13 billion secondary listing in Hong Kong, the largest global follow-on deal in the sector and a sign of confidence in an important hub for Citi, the region and the world. Annual Report 2019 5 CITIC LIMITED capital-light strategy. 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%. 2018. We help clients articulate their Investing with Purpose goals and objectives, provide them with comprehensive advice and offer in-house investment management that incorporates environmental, social and governance principals, as well as partner with asset managers to deliver relevant themes and strategies. Citi's Access Account, a checkless bank account with no or low monthly fees, no overdraft fees, the ability to link to a savings account, and access to Citi's digital, retail and ATM channels, has been one of its fastest-growing products. Its headquarters are in Chaoyang District, Beijing. CG-1 – Disclosures – Citibank (Hong Kong) Limited – 12/31/2020; Disclosure on Remuneration 2019 In accordance to section 3, chapter CG-5 of the Supervisory Policy Manual issued by the Hong Kong Monetary Authority, a report on disclosure on remuneration is now available for public access at any of our branch. At the event, Mike discussed the pride we feel in the role that Citi has played as a catalyst of growth in the city and shared how Citi's $72 million investment affirms our commitment to Sioux Falls and South Dakota. The QR code, generated via Citibanamex Móvil and/or the Transfer app, can be read immediately, shared via text message or printed to facilitate payments for products or services. In partnership with developers, nonprofits and governments, our Citi Community Capital team has helped to create or preserve nearly 500,000 affordable units over the past decade. Since 2014, the Citi Foundation has invested more than $194 million to impact the lives of youth globally. Stockholder inquiries can also be directed by e-mail to shareholderrelations@citi.com. Annual Report Highlights: View Competition Class Performance. A Mission of Enabling Growth and Progress, What You Can Expect From Us & What We Expect From Ourselves. Share & Dividend. With the full power of the franchise together for the first time in GCB's largest market, U.S. Consumer Banking implemented a strategy to deepen relationships across Cards and Retail and provide seamless experiences to customers nationwide. With every action we take, we strive to demonstrate the value we contribute and the values we uphold. Gold. 25508343 As approved on the Company’s Annual General Meeting on 17 / 03 2020 _____ Ulrik Andersen Chairperson of the meeting The pandemic which swept the world in 2020 is undoubtedly the defining event of the past year. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. The U.S. and China signed a Phase 1 trade deal, the new United States-Mexico-Canada Agreement was ratified and Brexit was at last confirmed. Citi advised on a $20 billion three-part strategic liability management transaction for Petróleos Mexicanos (Pemex). We are targeting a significant opportunity to redefine scale not according to the traditional metrics of assets and footprint but with digitally driven experiences. In Mortgage, having successfully transitioned direct servicing to Cenlar, Citi continued to intensify its focus on originations. TTS continues its pursuit of delivering the best possible experience to its clients, launching leading-edge solutions and leveraging co-creation sessions held in the Innovation Labs, which in 2019 celebrated its 10th anniversary. At the announcement in Mexico City at its headquarters, the Palacio de los Condes de San Mateo de Valparaíso, Ernesto Torres Cantú, CEO of Citi Latin America, noted that "Citibanamex has consistently led and promoted the process of financial inclusion. Additional text has been added to aid users who may be using screen readers to view this site. To deepen and acquire client relationships outside our branch footprint, we deployed a digitally led challenger strategy to drive incremental growth by leveraging the strength of our brand, the national scale and quality of our credit card franchise, and our leading wealth management capabilities. Based on the belief that client experience is the driver of sustainable differentiation, TTS has focused its efforts on transforming its business to deliver a seamless, end-to-end client experience through the development of its capabilities, client advocacy, network management and service delivery across the entire organization. On May 15, 2019, Zijin Mining exercised its anti-dilution rights, also atC$3.98 per share, which will generate additional proceeds for Ivanhoe of C$67 million (US$51 million), to be received at the same time as the CITIC Metal funds. Jaarverslag 2019 Focus op ons potentieel. 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. This new alignment leverages the full breadth of solutions provided by our client network and gives us new opportunities to continue to build and develop our top talent. In Asia, we entered into new credit card partnerships with digital leaders Grab, Lazada and Indian e-commerce juggernaut Paytm. year-on-year. We drove 4% underlying revenue growth across our Consumer and Institutional franchises. 2018 Vision Awards Annual Report Competition: CITIC Securities Co., Ltd. Donnelley Financial Solutions Hong Kong Limited. With Citigold and Citigold Private Client, we provide institutional-grade, personalized wealth management services, including dedicated wealth teams, digital planning tools, fund access, and a range of exclusive privileges, preferred pricing and benefits to affluent clients around the globe. Cover photo: U.S. wind and solar project owned by NextEra Energy Partners, LP and KKR. We also disclosed that on an adjusted basis, women globally are paid on average 99% of what men are paid at Citi. The Mission and Value Proposition at the front of this report describes not just what we do but how and why we do it. As of January 31, 2020, Citigroup had approximately 66,990 common stockholders of record. The transaction, which has a combined enterprise value greater than $155 billion, represents the largest aerospace and defense transaction in history. 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. 2 Return on Tangible Common Equity (ROTCE) is a non-GAAP financial measure. INTRODUCTION 1.1. We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. India e-Conference 2020 by Edelweiss. Annual Report 2019 Focus on our potential. Capitalizing on our distinct model, we launched an array of new products and digital capabilities, forged new and expanded partnerships, and introduced new value propositions to grow and retain multi-relationship clients. Citi has the scale and capabilities to finance and support the institutions - governments, corporations, nonprofits and aid organizations - that can contribute to the future that we want and the future that our communities deserve. 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. Directors, Supervisors and Senior Management. Financial Results. Our increased share shows how we can deliver a full suite of services to clients who rely on us to sustain steady transactional flow. CITIC Limited 4 Annual Report 2018 Chairman’s Letter to Shareholders Dear Shareholders, The year 2018 marked the 40th anniversary of the beginning of Chinese economic liberalisation. Note: Files are in Adobe (PDF) format. Through Citi Priority, we serve the needs of emerging affluent clients. With a physical presence in 98 countries, local trading desks in 77 markets and a custody network in 63 markets, we facilitate approximately $4 trillion in financial flows daily. Citi is serving as lead financial advisor to Raytheon on its all-stock merger with United Technologies' aerospace business. 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. Digital account opening was rolled out in branches across the country - a 12-minute experience from start to finish - while new, redesigned mobile app functionality is driving robust mobile user growth, up 50% for the year. 2018 Strive to Be the Company O ffering the Best Comprehensive Financial Services Annual Report Postal Code :100010 Investor Hotline :+86-10-85230010 Email Address :ir@citicbank. Digital technology is driving change across the industry, and Citi is adapting by migrating our capabilities to a digital platform. 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. Oct. 11, 2019. CREATING VALUE FOR EVERYONE EVERYWHERE – ANNUAL REPORT 2019 LUXEMBOURG . 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. In 2019, Citi delivered our most profitable year since 2006. That is the first framework developed by responsible financial institutions to assess and manage the environmental and social risks associated with project finance. Totals may not sum due to rounding. 2018 Third Quarter PDF 9,812KB. 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. In 2019, we built out our predictive analytics team to help us better understand how we attract, retain and promote top talent. In 2019, CITIC Limited recorded a profit attributable to ordinary shareholders of HK$50.2 billion, our highest ever and 14% more than 2017. UP 25%. Its $21.8 billion bridge loan facility is the second largest in energy globally and the largest in North America. 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. Archives. 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. The total amounts may therefore deviate from the sum of the parts. Research reveals that a global majority do not trust the media or government to do the right thing for them or for society. 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