Citibank 2012 Annual Report Download - page 98

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Details of Credit Loss Experience
In millions of dollars at year end 2012 2011 2010 2009 2008
Allowance for loan losses at beginning of year $30,115 $40,655 $36,033 $29,616 $16,117
Provision for loan losses
Consumer (1)(2) $10,761 $12,512 $25,119 $32,407 $27,942
Corporate 87 (739) 75 6,353 5,732
$10,848 $11,773 $25,194 $38,760 $33,674
Gross credit losses
Consumer
In U.S. offices (1)(2) $12,226 $15,767 $24,183 $17,637 $11,624
In offices outside the U.S. 4,612 5,397 6,890 8,819 7,172
Corporate
Mortgage and real estate
In U.S. offices 59 182 953 592 56
In offices outside the U.S. 21 171 286 151 37
Governments and official institutions outside the U.S. —— — — 3
Loans to financial institutions
In U.S. offices 33 215 275 274 —
In offices outside the U.S. 68 391 111 448 463
Commercial and industrial
In U.S. offices 154 392 1,222 3,299 627
In offices outside the U.S. 305 649 571 1,564 778
$17,478 $23,164 $34,491 $32,784 $20,760
Credit recoveries
Consumer
In U.S. offices $ 1,302 $ 1,467 $ 1,323 $ 576 $ 585
In offices outside the U.S. 1,183 1,273 1,315 1,089 1,050
Corporate
Mortgage and real estate
In U.S. offices 17 27 130 3 —
In offices outside the U.S. 19 2 26 1 1
Governments and official institutions outside the U.S. —— — — —
Loans to financial institutions
In U.S. offices —— — — —
In offices outside the U.S. 43 89 132 11 2
Commercial and industrial
In U.S. offices 243 175 591 276 6
In offices outside the U.S. 95 93 115 87 105
$ 2,902 $ 3,126 $ 3,632 $ 2,043 $ 1,749
Net credit losses
In U.S. offices (1)(2) $10,910 $14,887 $24,589 $20,947 $11,716
In offices outside the U.S. 3,666 5,151 6,270 9,794 7,295
Total $14,576 $20,038 $30,859 $30,741 $19,011
Other—net (3) $ (932) $ (2,275) $10,287 $ (1,602) $ (1,164)
Allowance for loan losses at end of year $25,455 $30,115 $40,655 $36,033 $29,616
Allowance for loan losses as a % of total loans (4) 3.92% 4.69% 6.31% 6.09% 4.27%
Allowance for unfunded lending commitments (5) $ 1,119 $ 1,136 $ 1,066 $ 1,157 $ 887
Total allowance for loans, leases and unfunded lending commitments $26,574 $31,251 $41,721 $37,190 $30,503
Net Consumer credit losses $14,353 $18,424 $28,435 $24,791 $17,161
As a percentage of average Consumer loans 3.49% 4.20% 5.74% 5.43% 3.34%
Net Corporate credit losses (recoveries) $ 223 $ 1,614 $ 2,424 $ 5,950 $ 1,850
As a percentage of average Corporate loans 0.09% 0.79% 1.27% 3.13% 0.84%
Allowance for loan losses at end of period (6)
Citicorp $14,623 $12,656 $17,075 $10,731 $ 8,202
Citi Holdings 10,832 17,459 23,580 25,302 21,414
Total Citigroup $25,455 $30,115 $40,655 $36,033 $29,616
Allowance by type
Consumer $22,679 $27,236 $35,406 $28,347 $22,204
Corporate 2,776 2,879 5,249 7,686 7,412
Total Citigroup $25,455 $30,115 $40,655 $36,033 $29,616
See footnotes on the next page.