Citigroup (Citigroup) Credit Losses Provision

: $9,483 Mil (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

Citigroup's credit losses provision for the three months ended in Dec. 2023 was $3,523 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $9,483 Mil.

Citigroup's quarterly credit losses provision increased from Jun. 2023 ($1,814 Mil) to Sep. 2023 ($1,818 Mil) and increased from Sep. 2023 ($1,818 Mil) to Dec. 2023 ($3,523 Mil).

Citigroup's annual credit losses provision increased from Dec. 2021 ($-3,891 Mil) to Dec. 2022 ($5,112 Mil) and increased from Dec. 2022 ($5,112 Mil) to Dec. 2023 ($9,123 Mil).

Citigroup Credit Losses Provision Historical Data

The historical data trend for Citigroup's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Citigroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

8,310.00

17,375.00

-3,891.00

5,112.00

9,123.00

Citigroup Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision																1,968.00	1,814.00	1,818.00	3,523.00	2,328.00

Citigroup Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,483 Mil.

Citigroup (Citigroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citigroup Inc (NYSE:C) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

CpJ.PFD:USA C:Peru C:Mexico C_KZ:Kazakhstan 1C:Italy TRVCd:UK 0R01:UK TRVC:Germany TRVC:Germany TRVC:Germany TRVC:Germany C:Chile CITI:Canada CTGP34:Brazil CITI:Austria C:Argentina

Address

388 Greenwich Street, New York, NY, USA, 10013

Website

https://www.citigroup.com

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

Executives

Andrew John Morton	officer: Head of Markets	388 GREENWICH STREET, NEW YORK NY 10013
Andrew M. Sieg	officer: Head of Wealth	100 N TRYON STREET, CHARLOTTE NC 28255
Gonzalo Luchetti	officer: Head of U.S. Personal Banking	388 GREENWICH STREET, NEW YORK NY 10013
Syed Shahmir Khaliq	officer: Head of Services	388 GREENWICH STREET, NEW YORK NY 10013
Zdenek Turek	officer: Interim Chief Risk Officer	388 GREENWICH STREET, NEW YORK NY 10013
Sara Wechter	officer: Head of Human Resources	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
Titilope Cole	officer: CEO, Legacy Franchises	388 GREENWICH STREET, NEW YORK NY 10013
Michael Whitaker	officer: Head of Enterprise O&T	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
Von Koskull Casper Wilhelm	director	388 GREENWICH STREET, NEW YORK NY 10013
Mary Mcniff	officer: CEO, CITIBANK, N.A.	388 GREENWICH STREET, NEW YORK NY 10013
Brent Mcintosh	officer: General Counsel & Corp Sec'y	450 POST RD. EAST, WESTPORT CT 06880
Cantu Ernesto Torres	officer: CEO, Latin America	388 GREENWICH STREET, NEW YORK NY 10013
Sunil Garg	officer: CEO, Citibank, N.A.	388 GREENWICH STREET, NEW YORK NY 10013
Anand Selvakesari	officer: CEO, Global Consumer Banking	388 GREENWICH STREET, NEW YORK NY 10013
Johnbull Okpara	officer: Controller&Chief Acct. Officer	388 GREENWICH STREET, NEW YORK NY 10013