Citibank 2012 Annual Report Download - page 9

Download and view the complete annual report

Please find page 9 of the 2012 Citibank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 324

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303
  • 304
  • 305
  • 306
  • 307
  • 308
  • 309
  • 310
  • 311
  • 312
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • 324

7
To build today what we already have would be, quite probably,
impossible. In many ways, our business model becomes rarer
every day. The rich legacy left to us by our predecessors
presents us with a tremendous opportunity — one that I intend
to make the most of.
I appreciate the support and guidance of our board during my
transition to this new role. And I’m grateful for the continued
confidence of everyone who owns a share in our company. I
view my job as CEO as being your advocate and the defender
of your interests. I will always aspire to do what’s right for our
company and for you.
I know that great things lie ahead for Citi. I’m proud to lead
the company where I’ve learned so much and built my career.
Assuming this role is the honor — and the responsibility — of
a lifetime. I will do my utmost to live up to the trust you have
placed in me.
Sincerely,
Michael L. Corbat
Chief Executive Officer, Citigroup Inc.
represented by 50 million ThankYou® Points, to the U.S.
Olympic and Paralympic sports programs that inspired the
13 U.S. Olympic and Paralympic qualifiers, hopefuls and
alumni that made up Team Citi. From saving lives through
swimming lessons to providing equipment for tomorrow’s
Paralympians, the Every Step of the WaySM program will have
a lasting impact on future Olympic hopefuls in communities
across the country.
The campaign featured broadcast, print and digital
advertising, events, promotions and retail activation.
A variety of ads, all featuring our Team Citi athletes,
encouraged viewers to join the Every Step of the WaySM
program at citi.com/everystep and highlighted some of
Citi’s most competitive and innovative banking products,
including Mobile Check Deposit, Citibank® Popmoney® and
the ThankYou® Points sharing app.
Leading up to the London 2012 Olympic and Paralympic
Games, Citi brought the Olympic and Paralympic spirit
to locations across the country through the Citi Team
USA Flag-Raising Tour. Citi customers, colleagues, local
students and community partners had the opportunity
to meet U.S. Olympic and Paralympic athletes, hear the
inspirational stories and show support for Team USA.
Congratulations go to Team USA
and Team Citi, whose members
won a total of six gold, three
silver and two bronze medals at
the London 2012 Olympic and
Paralympic Games.
Citigroup Key Capital Metrics
4Q’10
12.9%
10.8%
13.6%
13.3%
1Q’11 2Q’11 3Q’11 4Q’11 1Q’12 2Q’12 3Q’12 4Q’12
13.5% 13.5%
14.3% 14.5% 13.9% 14.1%
11.3% 11.6% 11.7% 11.8% 12.5%
7.2%
12.7%
7.9 %
12.7%
8.6%
12.7%
8.7%
Tier 1 Capital (Basel I) Tier 1 Common (Basel I)
Tier 1 Common (Basel III)(1)
1 Citigroup’s estimated Basel III Tier 1 Common ratio is a non-GAAP financial
measure.
For additional information on Citi’s estimated Basel III Tier 1 Common Capital
and Tier 1 Common ratio, including the calculation of these measures, see the
“Capital Resources and Liquidity—Capital Resources” section of Citi’s 2012
Annual Report on Form 10-K.