Citibank 2015 Annual Report Download - page 6

communities around the world where
we live and work — even more tangible
support of our thesis that global
institutions are uniquely positioned to
help society address global problems on
a global scale.
It’s not easy to think of a greater or
more daunting challenge than climate
change. We announced our $100
billion Sustainable Progress initiative,
furthering our long-term commitment
to lend, invest and facilitate financial
solutions to reduce the impact of
climate change.
Letter to
Shareholders
We are confident that we can continue
to grow our Treasury and Trade
Solutions business (TTS). Through the
world’s largest proprietary closed-loop
payment network, we provide seamless
connectivity to the banking systems in
nearly 100 countries, facilitating some
$3 trillion worth of financial flows each
day in over 135 currencies.
Far from seeing ourselves as a
monolithic entity intent on crowding
out smaller competitors, we define our
role as being “scaled to serve” a specific
set of clients who rely on our global
network, any of whom would simply take
their business to global peers if for any
reason we were prevented from meeting
their needs.
But we don’t just serve big businesses.
In addition to being a leading provider
of financial services to multinational
corporations, last year our small business
lending in the U.S. surpassed $10 billion,
raising our total lending to the sector
over four years to just under $40 billion.
We also lent and invested nearly
$5 billion in affordable housing projects
in the U.S. last year, making us the
number one financer in a sector crucial to
strengthening communities nationwide.
2015 was also a year when we made
progress in our role as one of the
world’s leading global citizens. Over
the last year, we were able to provide
many of our stakeholders — customers,
clients, nonprofit partners and the
10th Annual Global
Community Day
During the past 10 years, Citi volunteers
have participated in more than 11,000
Global Community Day activities and
contributed over 2 million hours
of service.
We also are investing in the next
generation of leaders. The Citi
Foundation’s $50 million Pathways to
Progress initiative in the U.S. is helping
to close the skills gap between young
prospective employees and employers
by helping them to acquire the
workplace and leadership skills
critical to competing in a 21st century
economy. More than a thousand of
my Citi colleagues have donated their
time and expertise to the program,
which has reached more than 70,000
out of our target of 100,000 young
Note: Certain reclassifications have been made to the prior periods’ presentation to conform to the current period’s presentation.
1 Citigroup’s Common Equity Tier 1 (CET1) Capital ratio is a non-GAAP financial measure. For additional information, please
refer to Slide 39 of the Fourth Quarter 2015 Earnings Review available on the Citigroup Investor Relations website.
2 Citigroup’s Supplementary Leverage Ratio (SLR) is a non-GAAP financial measure. For additional information, please refer
to Slide 40 of the Fourth Quarter 2015 Earnings Review available on the Citigroup Investor Relations website.
3 Tangible Book Value (TBV) per share is a non-GAAP financial measure. For a additional information, please refer to Slide
40 of the Fourth Quarter 2015 Earnings Review available on the Citigroup Investor Relations website.
TBV/Share
3
Common Equity Tier 1 Capital Ratio
1
Supplementary Leverage Ratio
2
Citigroup — Key Capital Metrics
5.4%
4Q’124Q’134Q’1
44
Q’15
Basel III Risk-Weighted Assets (RWA) ($ Billion)
$1,206 $1,185 $1,293 $1,216
8.7%
$51.08
5.9%
7.1%
10.6%10.6%
12.1%
$55.19 $56.71 $60.61
Global Community Day offers a wide
range of service opportunities that
harness the enthusiasm and passion
of our diverse employees, with family
and friends, to help meet the
pressing needs of our communities.
In 2015, to celebrate our 10th annual
Global Community Day, more than
80,000 Citi volunteers in 487 cities
spanning 93 countries and territories
4