Citibank 2013 Annual Report Download - page 99

81
Renegotiated Loans
The following table presents Citi’s loans modified in TDRs.
In millions of dollars
Dec. 31,
2013
Dec. 31,
2012
Corporate renegotiated loans (1)
In U.S. offices
Commercial and industrial (2) $ 36 $ 180
Mortgage and real estate (3) 143 72
Loans to financial institutions 14 17
Other 364 447
$ 557 $ 716
In offices outside the U.S.
Commercial and industrial (2) $ 161 $ 95
Mortgage and real estate (3) 18 59
Other 58 3
$ 237 $ 157
Total Corporate renegotiated loans $ 794 $ 873
Consumer renegotiated loans (4)(5)(6)(7)
In U.S. offices
Mortgage and real estate (8) $18,922 $22,903
Cards 2,510 3,718
Installment and other (9) 626 1,088
$22,058 $27,709
In offices outside the U.S.
Mortgage and real estate $ 641 $ 932
Cards (10) 830 866
Installment and other 834 904
$ 2,305 $ 2,702
Total Consumer renegotiated loans $24,363 $30,411
(1) Includes $312 million and $267 million of non-accrual loans included in the non-accrual assets
table above at December 31, 2013 and December 31, 2012, respectively. The remaining loans are
accruing interest.
(2) In addition to modifications reflected as TDRs at December 31, 2013, Citi also modified $24 million
and $91 million of commercial loans risk rated “Substandard Non-Performing” or worse (asset
category defined by banking regulators) in offices inside and outside the U.S, respectively. These
modifications were not considered TDRs because the modifications did not involve a concession (a
required element of a TDR for accounting purposes).
(3) In addition to modifications reflected as TDRs at December 31, 2013, Citi also modified $10 million
of commercial real estate loans risk rated “Substandard Non-Performing” or worse (asset category
defined by banking regulators) in offices inside the U.S. These modifications were not considered
TDRs because the modifications did not involve a concession (a required element of a TDR for
accounting purposes).
(4) Includes $3,637 million and $4,198 million of non-accrual loans included in the non-accrual assets
table above at December 31, 2013 and 2012, respectively. The remaining loans are accruing interest.
(5) Includes $29 million and $38 million of commercial real estate loans at December 31, 2013 and
2012, respectively.
(6) Includes $295 million and $261 million of other commercial loans at December 31, 2013 and
2012, respectively.
(7) Smaller-balance homogeneous loans were derived from Citi’s risk management systems.
(8) Reduction in 2013 includes $4,161 million related to TDRs sold or transferred to held-for-sale.
(9) Reduction in 2013 includes approximately $345 million related to TDRs sold or transferred to held-for-
sale.
(10) Reduction in 2013 includes $52 million related to the sale of Brazil Credicard.
Forgone Interest Revenue on Loans (1)
In millions of dollars
In U.S.
offices
In non-
U.S.
offices
2013
total
Interest revenue that would have been accrued at
original contractual rates (2) $ 2,390 $769 $ 3,159
Amount recognized as interest revenue (2) 1,140 327 1,467
Forgone interest revenue $ 1,250 $442 $1,692
(1) Relates to Corporate non-accrual loans, renegotiated loans and Consumer loans on which accrual of
interest has been suspended.
(2) Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the
effects of inflation and monetary correction in certain countries.