Citibank Singapore is financially strong and well capitalized. As of 31 December 2019, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$3.3 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 18.75% as at 31 December 2019, against the requirement of 8%. In terms of total CAR, the ratio stands at 19.12% against a 10% requirement. These ratios are amongst the highest in the industry.