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  #1  
January 23rd, 2016, 04:58 PM
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Efficiency Ratio Citibank

I want to get information about the Efficiency Ratio as well as Financial Summary of Citibank. So here can you provide me information about it?
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  #2  
January 24th, 2016, 09:20 AM
Super Moderator
 
Join Date: Mar 2012
Re: Efficiency Ratio Citibank

I would like to tell you about the Efficiency Ratio as well as Financial Summary of Citibank, as you want.

Here I am telling you about it, as you want;

Citigroup Targets Mid-50% Efficiency Ratio by 2015
Citigroup Inc. aims to generate a return of tangible common equity of 10% percent or more, and a return on assets of up to 1.1% percent by 2015, C Executive Michael Corbat is expected to tell investors during a presentation Tuesday afternoon.

Citi generated a return on tangible common equity of 5% percent last year, and its return on average assets was 0.4% percent. Mr. Corbat's slide presentation, posted on the bank's website, sets a mid-50% percent target for Citi's efficiency ratio by 2015.

The ratio reflects how much a bank spends to generate revenue. Citi's efficiency ratio climbed to 72% percent last year, from 65% percent in 2011.

Mr. Corbat has already announced plans to cut costs, including more than 11,000 jobs.


In January,
Mr. Corbat told investors that, it will take some time to work through the challenges of the current environment to realize the potential.

Citi's previous target return on assets of 1.25% percent to 1.5% percent that Mr. Corbat's predecessor Vikram Pandit set more than two years ago in this environment is not a practical goal to set out in the short term," Mr. Corbat said in January. -Write to Matthias Rieker at


Financial Summary
2014 2013 2012
Citicorp Net Revenues
$71.1 $71.9 $70.0
Citi Holdings Net Revenues
5.8 4.6 (0.8)
Citigroup Net Revenues
$76.9 $76.4 $69.2
Citicorp Net Income
10.7 15.6 14.1
Citi Holdings Net Loss
(3.4) (1.9) (6.6)
Citigroup Net Income
$7.3 $13.7 $7.5
Diluted EPS - Net Income
2.20 4.35 2.44
Diluted EPS - Income from Continuing Operations
2.20 4.26 2.46
Citicorp Assets
1,745 1,763 1,709
Citi Holdings Assets
98 117 156
Citigroup Assets
$1,843 $1,880 $1,865
Deposits
899.3 968.3 930.6
Citigroup Stockholders' Equity
210.5 204.3 189.0
Basel III Common Equity Tier 1 Capital Ratio1
10.6% 10.6% 8.7%
Basel III Tier 1 Capital Ratio1
11.5% 11.3% 9.0%
Basel III Total Capital Ratio1
12.8% 12.7% 10.8%
Estimated Basel III Supplementary Leverage Ratio1
6.0% 5.4% N/A
Book Value per Share
$66.16 $65.23 $61.57
Common Shares Outstanding (millions)
3,023.9 3,029.2 3,028.9
Market Capitalization
$164 $158 $120
Direct Staff (thousands)
241 251 259


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