C (Citigroup) Credit Losses Provision : $10,349 Mil (As of Dec. 2024)

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What is Citigroup Credit Losses Provision?

Citigroup's credit losses provision for the three months ended in Dec. 2024 was $2,581 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2024 was $10,349 Mil.

Citigroup's quarterly credit losses provision increased from Jun. 2024 ($2,463 Mil) to Sep. 2024 ($2,597 Mil) but then declined from Sep. 2024 ($2,597 Mil) to Dec. 2024 ($2,581 Mil).

Citigroup's annual credit losses provision increased from Dec. 2022 ($5,112 Mil) to Dec. 2023 ($9,123 Mil) and increased from Dec. 2023 ($9,123 Mil) to Dec. 2024 ($9,969 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.

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Citigroup Credit Losses Provision Chart

Citigroup Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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17,375.00

-3,891.00

5,112.00

9,123.00

9,969.00

Citigroup Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															2,328.00	2,463.00	2,597.00	2,581.00	2,708.00

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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $10,349 Mil.

Citigroup Business Description

Industry

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

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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 five primary segments: services, markets, banking, US personal banking, and wealth management. 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

Edward Skyler	officer: Head of Global Public Affairs	388 GREENWICH STREET, NEW YORK NY 10013
Mark Mason	officer: Chief Financial Officer	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Sara Wechter	officer: Head of Human Resources	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
Brent Mcintosh	officer: General Counsel & Corp Sec'y	450 POST RD. EAST, WESTPORT CT 06880
Anand Selvakesari	officer: CEO, Global Consumer Banking	388 GREENWICH STREET, NEW YORK NY 10013
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
Peter B. Henry	director	C/O NEW YORK UNIVERSITY/KAUFMAN MGT CNT, 44 WEST 4TH STREET, SUITE 11-160, NEW YORK CITY NY 10012
Johnbull Okpara	officer: Controller&Chief Acct. Officer	388 GREENWICH STREET, NEW YORK NY 10013
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
Zdenek Turek	officer: Interim Chief Risk Officer	388 GREENWICH STREET, 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