Citigroup financial performance from time to time- Citigroup is global diversified financial services holding company that provide consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. Historically, this company started with the City Bank of New York in 1812.
Nowadays, Citi has approximately 200 million customer accounts and does their business and services in more than 160 countries in four regions (North America, Europe, Middle East and Africa (EMEA), Latin America, and Asia). Citigroup has two operating, namely segments—Institutional Clients Group (Banking, Market and securities services) and Global Consumer Banking (Retail banking, wealth management).
The Assets, Liabilities, and Equities of Citigroup
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| Milllion US Dollars | Milllion US Dollars | Milllion US Dollars | |
| 2008 | 1,938,470 | 1,794,448 | 144,022 |
| 2009 | 1,856,646 | 1,701,673 | 154,973 |
| 2010 | 1,913,902 | 1,748,113 | 165,789 |
| 2011 | 1,873,878 | 1,694,305 | 179,573 |
| 2012 | 1,864,660 | 1,673,663 | 190,997 |
| 2013 | 1,880,382 | 1,674,249 | 206,133 |
| 2014 | 1,842,181 | 1,630,485 | 211,696 |
| 2015 | 1,731,210 | 1,508,118 | 223,092 |
| 2016 | 1,792,077 | 1,565,934 | 226,143 |
| 2017 | 1,842,465 | 1,640,793 | 201,672 |
| 2018 | 1,917,383 | 1,720,309 | 197,074 |
| 2019 | 1,951,158 | 1,757,212 | 193,946 |
| 2020 | 2,260,090 | 2,059,890 | 200,200 |
| 2021 | 2,291,413 | 2,088,741 | 202,672 |
| 2022 | 2,416,676 | 2,214,838 | 201,838 |
| Source : Citi Annual Report, 2008-2022 | |||
Financially, based on the Balance Sheet of the company from 2008 to 2022. The financial structure is still in stable condition. In 2008, the assets are 1,938 billion US Dollars with liabilities of around 1,794 billion US dollars and equities of around 144 billion US dollars. Meanwhile, in 2022, the assets become 2,416 billion US Dollars with liabilities of 2,214 billion US dollars, and Equities around 201 billion US Dollars.
Based on the Financial Ratio of the company from 2007 to 2021, the Debt-to-Equity Ratio (DER) and Debt-to-Asset Ratio (DAR). These ratios can show the fundamental of the company. The average of Debt-to-Equity Ratio (DER) from 2008 to 2022 is about 9.27. It can be interpreted that the liability of the company is 9.2 times more than the equity. Meanwhile, the Debt-to-asset ratio (DAR), the average value of this ratio is about 0.8. The liability of the company is about 80% of the assets.
The Revenue and Net Income of Citigroup
| Years | Revenue | Net Income |
|---|---|---|
| Million US Dollars | Million US Dollars | |
| 2007 | 77,300 | 3,617 |
| 2008 | 51,599 | -27,684 |
| 2009 | 80,285 | -1,606 |
| 2010 | 86,601 | 10,602 |
| 2011 | 77,331 | 11,067 |
| 2012 | 69,128 | 7,541 |
| 2013 | 76,724 | 13,659 |
| 2014 | 77,219 | 7,310 |
| 2015 | 76,354 | 17,242 |
| 2016 | 69,875 | 14,912 |
| 2017 | 72,444 | -6,798 |
| 2018 | 72,854 | 18,045 |
| 2019 | 75,067 | 19,401 |
| 2020 | 75,501 | 11,047 |
| 2021 | 71,884 | 21,952 |
| 2022 | 75,338 | 14,845 |
| Source : Citi Annual Report, 2008-2022 | ||
Financially, based on the income statements of the company from 2007 to 2022, the revenue of the company is static conditions. From 2007 to 2022, the revenue of the company is around 50 billion US dollars to 86 billion US dollars. Meanwhile, the net income of the company is mostly in positive conditions. In 2007, the net income of the company is about 3.6 billion US dollars and in 2022, the net income become 14.8 billion US dollars. Though some positive performance, the company can go with negative performance in 2008, 2009, and 2017.
Based on the Fundamental structure of the revenue of the company. The revenue of the company can be divided into net interest income and non-interest revenue. Net interest revenue still becomes the biggest part of the company than non-interests’ revenue. In 2022, the net interest revenue is about 48 billion US dollars, meanwhile, non-interest revenue is just 26.7 billion US dollars.
Bibliography of Citigroup Financial Performance from Time to Time
Citigroup. 2022. Investor Relations. Accessed via
https://www.citigroup.com/citi/investor/annual-reports.html on April 16th, 2023.
Wikipedia. 2022. Citigroup. Accessed via https://en.wikipedia.org/wiki/Citigroup on April 16th, 2023.