Citibank Singapore is financially strong and well capitalized. As of 31 December 2018, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$3.4 billion.
As a Singapore incorporated company, we meet all regulatory requirements set by the Monetary Authority of Singapore. In terms of Capital Adequacy Ratios (CAR) set by the regulators, Citibank Singapore far exceeds the stipulated requirements. For tier 1 CAR, our ratio stands at 20.80% as at 31 December 2018, against the requirement of 8%. In terms of total CAR, the ratio stands at 21.26% against a 10% requirement. These ratios are amongst the highest in the industry.