Enhanced Investments - Financial Portal

Published: 2021-10-14 00:00:00 ET

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Exhibit 99.2

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CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT		3Q21


		Page
	Citigroup
	Financial Summary	1
	Consolidated Statement of Income	2
	Consolidated Balance Sheet	3
	Segment Detail
	Net Revenues	4
	Income, Regional Average Assets and ROA	5

	Global Consumer Banking (GCB)	6
	Retail Banking and Cards Key Indicators	7
	North America	8 - 10
	Latin America⁽¹⁾	11 - 12
	Asia⁽²⁾	13 - 14
	Institutional Clients Group (ICG)	15
	Revenues by Business	16
	Corporate / Other	17

	Citigroup Supplemental Detail
	Average Balances and Interest Rates	18
	Deposits	19
	EOP Loans	20
	Consumer Loan Delinquencies and Ratios
	90+ Days	21
	30-89 Days	22
	Allowance for Credit Losses on Loans and Unfunded Lending Commitments	23 - 24
	Components of Provision for Credit Losses on Loans	25
	Non-Accrual Assets	26
	CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity,	27
	Book Value Per Share and Tangible Book Value Per Share

(1)	Latin America GCB consists of Citi's consumer banking operations in Mexico.

(2)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

CITIGROUP FINANCIAL SUMMARY

(In millions of dollars, except per share amounts and as otherwise noted)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020⁽¹⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Total revenues, net of interest expense⁽²⁾	$	17,302	$	16,499	$	19,327	$	17,474	$	17,154	(2%)	(1%)	$	57,799	$	53,955	(7%)
Total operating expenses		10,964		11,104		11,073		11,192		11,484	3%	5%		32,067		33,749	5%
Net credit losses (NCLs)		1,919		1,472		1,748		1,320		961	(27%)	(50%)		6,139		4,029	(34%)
Credit reserve build / (release) for loans		12		(1,848)		(3,227)		(2,446)		(1,149)	53%	NM		10,159		(6,822)	NM
Provision / (release) for unfunded lending commitments		424		352		(626)		44		(13)	NM	NM		1,094		(595)	NM
Provisions for benefits and claims, HTM debt securities and other assets		29		(22)		50		16		9	(44%)	(69%)		149		75	(50%)
Provisions for credit losses and for benefits and claims		2,384		(46)		(2,055)		(1,066)		(192)	82%	NM		17,541		(3,313)	NM
Income from continuing operations before income taxes		3,954		5,441		10,309		7,348		5,862	(20%)	48%		8,191		23,519	NM
Income taxes⁽³⁾		777		1,116		2,332		1,155		1,193	3%	54%		1,409		4,680	NM
Income from continuing operations		3,177		4,325		7,977		6,193		4,669	(25%)	47%		6,782		18,839	NM
Income (loss) from discontinued operations, net of taxes		(7)		6		(2)		10		(1)	NM	86%		(26)		7	NM
Net income before noncontrolling interests		3,170		4,331		7,975		6,203		4,668	(25%)	47%		6,756		18,846	NM
Net income (loss) attributable to noncontrolling interests		24		22		33		10		24	NM	-		18		67	NM
Citigroup's net income	$	3,146	$	4,309	$	7,942	$	6,193	$	4,644	(25%)	48%	$	6,738	$	18,779	NM

Diluted earnings per share⁽⁴⁾:
Income from continuing operations	$	1.36	$	1.92	$	3.62	$	2.84	$	2.15	(24%)	58%	$	2.81	$	8.64	NM
Citigroup's net income	$	1.36	$	1.92	$	3.62	$	2.85	$	2.15	(25%)	58%	$	2.80	$	8.65	NM
Shares (in millions)⁽⁴⁾:
Average basic		2,081.8		2,081.9		2,082.0		2,056.5		2,009.3	(2%)	(3%)		2,087.1		2,049.3	(2%)
Average diluted		2,094.3		2,095.7		2,096.6		2,073.0		2,026.2	(2%)	(3%)		2,100.1		2,065.3	(2%)
Common shares outstanding, at period end		2,082.0		2,082.1		2,067.0		2,026.8		1,984.3	(2%)	(5%)

Preferred dividends	$	284	$	267	$	292	$	253	$	266	5%	(6%)	$	828	$	811	(2%)

Income allocated to unrestricted common shareholders - basic
Income from continuing operations	$	2,851	$	4,014	$	7,586	$	5,889	$	4,353	(26%)	53%	$	5,886	$	17,827	NM
Citigroup's net income	$	2,844	$	4,020	$	7,584	$	5,899	$	4,352	(26%)	53%	$	5,860	$	17,834	NM

Income allocated to unrestricted common shareholders - diluted⁽⁴⁾
Income from continuing operations	$	2,858	$	4,021	$	7,593	$	5,897	$	4,361	(26%)	53%	$	5,908	$	17,850	NM
Citigroup's net income	$	2,851	$	4,027	$	7,591	$	5,907	$	4,360	(26%)	53%	$	5,882	$	17,857	NM

Regulatory capital ratios and performance metrics⁽⁵⁾:
Common Equity Tier 1 (CET1) Capital ratio⁽⁶⁾⁽⁷⁾		11.66%		11.73%		11.78%		11.83%		11.7%
Tier 1 Capital ratio⁽⁶⁾⁽⁷⁾		13.15%		13.31%		13.49%		13.35%		13.2%
Total Capital ratio⁽⁶⁾⁽⁷⁾		15.54%		15.61%		15.64%		15.63%		15.3%
Supplementary Leverage ratio (SLR)⁽⁷⁾⁽⁸⁾		6.82%		7.00%		6.96%		5.84%		5.8%
Return on average assets		0.55%		0.75%		1.39%		1.06%		0.79%				0.41%		1.08%
Return on average common equity		6.5%		9.1%		17.2%		13.0%		9.5%				4.5%		13.2%
Efficiency ratio (total operating expenses/total revenues, net)		63.4%		67.3%		57.3%		64.0%		66.9%				55.5%		62.6%

Balance sheet data (in billions of dollars, except per share amounts)⁽⁵⁾:
Total assets	$	2,234.5	$	2,260.1	$	2,314.3	$	2,327.9	$	2,361.9	1%	6%
Total average assets		2,259.5		2,299.3		2,316.8		2,341.8		2,346.0	-	4%	$	2,202.2	$	2,334.9	6%
Total deposits		1,262.6		1,280.7		1,301.0		1,310.3		1,347.5	3%	7%
Citigroup's stockholders' equity		193.9		199.4		202.5		202.2		200.9	(1%)	4%
Book value per share		84.48		86.43		88.18		90.86		92.16	1%	9%
Tangible book value per share⁽⁹⁾		71.95		73.67		75.50		77.87		79.07	2%	10%

Direct staff (in thousands)		209		210		211		214		220	3%	5%

(1)

In 4Q20, Citi revised the 2Q20 accounting conclusion from a "change in accounting estimate effected by a change in accounting principle" to a "change in accounting principle", which requires an adjustment to January 1, 2020 opening retained earnings, rather than net income. As a result, Citi`s full year and quarterly results for 2020 have been revised to reflect this change as if it were effective as of January 1, 2020. Citi recorded an increase to its beginning retained earnings on January 1, 2020 of $330 million and a decrease of $443 million in its allowance for credit losses on loans, as well as a $113 million decrease in Other assets related to income taxes, and recorded a decrease of $18 million ($7 million in GCB NA Citi-branded cards, ($16) million in GCB NA Citi retail services, $9 million in GCB Latin America, and ($18) million in GCB Asia ) to its provisions for credit losses on loans in 1Q20 and increase of $339 million ($182 million in GCB NA Citi-branded cards, $158 million in GCB NA Citi retail services, $7 million in GCB Latin America, and $(8) million in GCB Asia), and $122 million ($3 million in GCB NA Citi-branded cards, $50 million in GCB Latin America, and $69 million in GCB Asia) to its provisions for credit losses on loans in 2Q20 and 3Q20, respectively. In addition, Citi`s operating expenses increased by $49 million ($14 million in GCB NA Citi-branded cards, $22 million in GCB NA Citi retail services, $6 million in GCB Latin America, and $7 million in GCB Asia), and $45 million, ($15 million in GCB NA Citi-branded cards, $21 million in GCB NA Citi retail services, $4 million in GCB Latin America, and $5 million in GCB Asia) with a corresponding decrease in net credit losses, in 1Q20 and 2Q20, respectively.

(2)

3Q21 includes an approximate $680 million loss on sale (approximately $580 million after-tax), with both amounts subject to closing adjustments, related to the announced sale of Citi's consumer banking operations in Australia.

(3)

2Q21 includes an approximate $450 million benefit from a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(4)

Certain securities are excluded from the second quarter of 2020 diluted EPS calculation because they were anti-dilutive. Year-to-date EPS will not equal the sum of the individual quarters because the year-to-date EPS calculation is a separate calculation.

(5)

3Q21 is preliminary.

(6)

Citi's reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach framework as of September 30, 2021 and June 30, 2021, and the U.S. Basel III Advanced Approaches framework for all prior periods presented, whereas Citi's reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework for all periods presented. The reportable ratios represent the more binding of each of the three risk-based capital ratios (CET1 Capital, Tier 1 Capital and Total Capital) under both the Standardized Approach and the Advanced Approaches under the Collins Amendment. For the composition of Citi's CET1 Capital and ratio, see page 27.

(7)

Citi has elected to apply the modified transition provision related to the impact of the CECL accounting standard on regulatory capital, as provided by the U.S. banking agencies’ September 2020 final rule. For additional information, see "Capital Resources" in Citi's 2020 Form 10-K.

(8)

For the composition of Citi's SLR, see page 27.

(9)

Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 27.

Note: Ratios and variance percentages are calculated based on the displayed amounts. Due to averaging and roundings, quarterly earnings per share may not sum to the YTD totals.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020⁽¹⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)
Revenues
Interest revenue	$	13,314	$	13,047	$	12,534	$	12,463	$	12,650	2%	(5%)	$	45,042	$	37,647	(16%)
Interest expense		2,821		2,564		2,368		2,264		2,252	(1%)	(20%)		11,977		6,884	(43%)
Net interest revenue		10,493		10,483		10,166		10,199		10,398	2%	(1%)		33,065		30,763	(7%)

Commissions and fees		2,753		2,678		3,670		3,374		3,399	1%	23%		8,707		10,443	20%
Principal transactions		2,508		1,959		3,913		2,304		2,233	(3%)	(11%)		11,926		8,450	(29%)
Administrative and other fiduciary fees		892		907		961		1,022		1,007	(1%)	13%		2,565		2,990	17%
Realized gains (losses) on investments		304		272		401		137		117	(15%)	(62%)		1,484		655	(56%)
Impairment losses on investments and other assets		(30)		(11)		(69)		(13)		(30)	NM	-		(154)		(112)	27%
Provision for credit losses on AFS debt securities⁽²⁾		4		1		-		-		(1)	(100%)	NM		(4)		(1)	75%
Other revenue (loss)		378		210		285		451		31	(93%)	(92%)		210		767	NM
Total non-interest revenues		6,809		6,016		9,161		7,275		6,756	(7%)	(1%)		24,734		23,192	(6%)
Total revenues, net of interest expense		17,302		16,499		19,327		17,474		17,154	(2%)	(1%)		57,799		53,955	(7%)


Provisions for credit losses and for benefits and claims
Net credit losses		1,919		1,472		1,748		1,320		961	(27%)	(50%)		6,139		4,029	(34%)
Credit reserve build / (release) for loans		12		(1,848)		(3,227)		(2,446)		(1,149)	53%	NM		10,159		(6,822)	NM
Provision for credit losses on loans		1,931		(376)		(1,479)		(1,126)		(188)	83%	NM		16,298		(2,793)	NM
Provision for credit losses on held-to-maturity (HTM) debt securities		(16)		(14)		(11)		4		(10)	NM	38%		21		(17)	NM
Provision for credit losses on other assets		(13)		(24)		9		(3)		(3)	-	77%		31		3	(90%)
Policyholder benefits and claims		58		16		52		15		22	47%	(62%)		97		89	(8%)
Provision for credit losses on unfunded lending commitments		424		352		(626)		44		(13)	NM	NM		1,094		(595)	NM
Total provisions for credit losses and for benefits and claims		2,384		(46)		(2,055)		(1,066)		(192)	82%	NM		17,541		(3,313)	NM

Operating expenses
Compensation and benefits		5,595		5,341		6,001		5,982		6,058	1%	8%		16,873		18,041	7%
Premises and equipment		575		631		576		558		560	-	(3%)		1,702		1,694	-
Technology / communication		1,891		2,028		1,852		1,895		1,997	5%	6%		5,355		5,744	7%
Advertising and marketing		238		352		270		340		402	18%	69%		865		1,012	17%
Other operating		2,665		2,752		2,374		2,417		2,467	2%	(7%)		7,272		7,258	-
Total operating expenses		10,964		11,104		11,073		11,192		11,484	3%	5%		32,067		33,749	5%


Income from continuing operations before income taxes		3,954		5,441		10,309		7,348		5,862	(20%)	48%		8,191		23,519	NM
Provision for income taxes		777		1,116		2,332		1,155		1,193	3%	54%		1,409		4,680	NM

Income (loss) from continuing operations		3,177		4,325		7,977		6,193		4,669	(25%)	47%		6,782		18,839	NM
Discontinued operations
Income (loss) from discontinued operations		(7)		6		(2)		10		(1)	NM	86%		(26)		7	NM
Provision (benefit) for income taxes		-		-		-		-		-	-	-		-		-	-
Income (loss) from discontinued operations, net of taxes		(7)		6		(2)		10		(1)	NM	86%		(26)		7	NM

Net income before noncontrolling interests		3,170		4,331		7,975		6,203		4,668	(25%)	47%		6,756		18,846	NM

Net income (loss) attributable to noncontrolling interests		24		22		33		10		24	NM	-		18		67	NM
Citigroup's net income	$	3,146	$	4,309	$	7,942	$	6,193	$	4,644	(25%)	48%	$	6,738	$	18,779	NM

(1)	See footnote 1 on page 1.

(2)	In accordance with ASC 326.

(3)	See footnote 2 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


											3Q21 Increase/
	September 30,		December 31,		March 31,		June 30,		September 30,		(Decrease) from
	2020⁽¹⁾		2020		2021		2021		2021⁽²⁾		2Q21	3Q20
Assets
Cash and due from banks (including segregated cash and other deposits)	$	25,308	$	26,349	$	26,204	$	27,117	$	28,906	7%	14%
Deposits with banks, net of allowance		298,387		283,266		298,478		272,121		294,902	8%	(1%)
Securities borrowed and purchased under agreements to resell, net of allowance		289,358		294,712		315,072		309,047		337,696	9%	17%
Brokerage receivables, net of allowance		51,610		44,806		60,465		61,138		59,487	(3%)	15%
Trading account assets		348,209		375,079		360,659		370,950		342,914	(8%)	(2%)
Investments
Available-for-sale debt securities, net of allowance		343,690		335,084		304,036		302,977		295,573	(2%)	(14%)
Held-to-maturity debt securities, net of allowance		96,065		104,943		161,742		176,742		198,056	12%	NM
Equity securities		7,769		7,332		7,181		7,344		7,220	(2%)	(7%)
Total investments		447,524		447,359		472,959		487,063		500,849	3%	12%
Loans, net of unearned income
Consumer		280,025		288,839		274,034		275,895		264,250	(4%)	(6%)
Corporate		386,886		387,044		391,954		400,939		400,514	–	4%
Loans, net of unearned income		666,911		675,883		665,988		676,834		664,764	(2%)	–
Allowance for credit losses on loans (ACLL)		(26,426)		(24,956)		(21,638)		(19,238)		(17,715)	8%	33%
Total loans, net		640,485		650,927		644,350		657,596		647,049	(2%)	1%
Goodwill		21,624		22,162		21,905		22,060		21,573	(2%)	–
Intangible assets (including MSRs)		4,804		4,747		4,741		4,687		4,553	(3%)	(5%)
Other assets, net of allowance		107,150		110,683		109,433		116,089		123,947	7%	16%
Total assets	$	2,234,459	$	2,260,090	$	2,314,266	$	2,327,868	$	2,361,876	1%	6%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	121,183	$	126,942	$	138,192	$	149,373	$	145,103	(3%)	20%
Interest-bearing deposits in U.S. offices		497,487		503,213		497,335		485,589		567,902	17%	14%
Total U.S. deposits		618,670		630,155		635,527		634,962		713,005	12%	15%
Non-interest-bearing deposits in offices outside the U.S.		94,208		100,543		101,662		101,723		94,016	(8%)	–
Interest-bearing deposits in offices outside the U.S.		549,745		549,973		563,786		573,596		540,507	(6%)	(2%)
Total international deposits		643,953		650,516		665,448		675,319		634,523	(6%)	(1%)

Total deposits		1,262,623		1,280,671		1,300,975		1,310,281		1,347,528	3%	7%
Securities loaned and sold under agreements to resell		207,227		199,525		219,168		221,817		209,184	(6%)	1%
Brokerage payables		54,328		50,484		60,907		59,416		60,501	2%	11%
Trading account liabilities		146,990		168,027		179,117		174,706		179,286	3%	22%
Short-term borrowings		37,439		29,514		32,087		31,462		29,683	(6%)	(21%)
Long-term debt		273,254		271,686		256,335		264,575		258,274	(2%)	(5%)
Other liabilities⁽³⁾		58,003		59,983		62,404		62,701		75,810	21%	31%
Total liabilities	$	2,039,864	$	2,059,890	$	2,110,993	$	2,124,958	$	2,160,266	2%	6%

Equity
Stockholders' equity
Preferred stock	$	17,980	$	19,480	$	20,280	$	17,995	$	17,995	–	–
Common stock		31		31		31		31		31	–	–
Additional paid-in capital		107,764		107,846		107,694		107,820		107,922	–	–
Retained earnings		165,303		168,272		174,816		179,686		183,024	2%	11%
Treasury stock, at cost		(64,137)		(64,129)		(65,261)		(68,253)		(71,246)	(4%)	(11%)
Accumulated other comprehensive income (loss) (AOCI)⁽⁴⁾		(33,065)		(32,058)		(35,011)		(35,120)		(36,851)	(5%)	(11%)
Total common equity	$	175,896	$	179,962	$	182,269	$	184,164	$	182,880	(1%)	4%

Total Citigroup stockholders' equity	$	193,876	$	199,442	$	202,549	$	202,159	$	200,875	(1%)	4%
Noncontrolling interests		719		758		724		751		735	(2%)	2%
Total equity		194,595		200,200		203,273		202,910		201,610	(1%)	4%
Total liabilities and equity	$	2,234,459	$	2,260,090	$	2,314,266	$	2,327,868	$	2,361,876	1%	6%

(1)See footnote 1 on page 1.

(2)Preliminary.

(3)Includes allowance for credit losses for unfunded lending commitments. See page 23 for amounts by period.

(4)September 30, 2021, includes an approximate $475 million (after-tax) currency translation adjustment (CTA) loss (net of hedges) associated with its consumer banking operations in Australia (see footnote 2 on page 1). The transaction generated a pretax loss on sale of approximately $680 million upon classification to held-for-sale ($580 million after-tax), with both amounts subject to closing adjustments. The loss on sale primarily reflects the impact of a pretax $625 million CTA loss (net of hedges) ($475 million after-tax) already reflected in the Accumulated Other Comprehensive Income (AOCI) component of equity. Upon closing, the CTA-related balance will be removed from the AOCI component of equity, resulting in a neutral impact from CTA to Citi’s Common Equity Tier 1 Capital.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Global Consumer Banking
North America	$	4,527	$	4,655	$	4,428	$	4,201	$	4,338	3%	(4%)	$	14,493	$	12,967	(11%)
Latin America		1,027		1,096		1,008		1,053		1,038	(1%)	1%		3,276		3,099	(5%)
Asia⁽¹⁾⁽²⁾		1,619		1,554		1,601		1,566		884	(44%)	(45%)		4,917		4,051	(18%)
Total		7,173		7,305		7,037		6,820		6,260	(8%)	(13%)		22,686		20,117	(11%)

Institutional Clients Group
North America		3,920		3,331		4,898		3,718		4,145	11%	6%		13,854		12,761	(8%)
EMEA		3,085		2,867		3,713		3,253		3,095	(5%)	–		9,947		10,061	1%
Latin America		1,141		1,072		1,136		1,174		1,261	7%	11%		3,766		3,571	(5%)
Asia		2,207		2,009		2,473		2,242		2,285	2%	4%		7,407		7,000	(5%)
Total		10,353		9,279		12,220		10,387		10,786	4%	4%		34,974		33,393	(5%)

Corporate / Other		(224)		(85)		70		267		108	(60%)	NM		139		445	NM

Total Citigroup - net revenues	$	17,302	$	16,499	$	19,327	$	17,474	$	17,154	(2%)	(1%)	$	57,799	$	53,955	(7%)

(1)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)	See footnote 2 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 4

SEGMENT DETAIL

INCOME

(In millions of dollars)


												3Q21 Increase/		YTD		YTD		YTD 2021 vs.
		3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
		2020⁽¹⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Income (loss) from continuing operations⁽²⁾

	Global Consumer Banking
	North America	$	661	$	968	$	1,857	$	1,309	$	1,448	11%	NM	$	(1,014)	$	4,614	NM
	Latin America		108		166		52		352		228	(35%)	NM		75		632	NM
	Asia⁽³⁾⁽⁴⁾		151		98		262		171		(342)	NM	NM		370		91	(75%)
	Total		920		1,232		2,171		1,832		1,334	(27%)	45%		(569)		5,337	NM

	Institutional Clients Group
	North America		1,023		801		2,779		1,253		854	(32%)	(17%)		2,509		4,886	95%
	EMEA		880		891		1,466		1,156		1,035	(10%)	18%		2,389		3,657	53%
	Latin America		102		963		645		597		665	11%	NM		427		1,907	NM
	Asia		852		645		1,048		823		889	8%	4%		2,928		2,760	(6%)
	Total		2,857		3,300		5,938		3,829		3,443	(10%)	21%		8,253		13,210	60%

	Corporate / Other		(600)		(207)		(132)		532		(108)	NM	82%		(902)		292	NM

	Income from continuing operations	$	3,177	$	4,325	$	7,977	$	6,193	$	4,669	(25%)	47%	$	6,782	$	18,839	NM

	Discontinued operations		(7)		6		(2)		10		(1)	NM	86%		(26)		7	NM

	Net income attributable to noncontrolling interests		24		22		33		10		24	NM	-		18		67	NM

	Total Citigroup - net income	$	3,146	$	4,309	$	7,942	$	6,193	$	4,644	(25%)	48%	$	6,738	$	18,779	NM

	Average assets (in billions)
	North America	$	1,245	$	1,262	$	1,261	$	1,265	$	1,268	-	2%	$	1,203	$	1,265	5%
	EMEA⁽³⁾		412		419		434		453		451	-	9%		401		446	11%
	Latin America		129		129		124		125		127	2%	(2%)		129		125	(3%)
	Asia⁽³⁾		380		393		407		400		404	1%	6%		375		404	8%
	Corporate / Other		94		96		91		99		96	(3%)	2%		94		95	1%
	Total	$	2,260	$	2,299	$	2,317	$	2,342	$	2,346	-	4%	$	2,202	$	2,335	6%

	Return on average assets (ROA) on net income (loss)
	North America		0.54%		0.56%		1.49%		0.81%		0.72%				0.17%		1.00%
	EMEA⁽³⁾		0.83%		0.83%		1.33%		1.02%		0.90%				0.78%		1.08%
	Latin America		0.64%		3.48%		2.28%		3.05%		2.79%				0.52%		2.72%
	Asia⁽³⁾⁽⁴⁾		1.05%		0.75%		1.31%		1.00%		0.54%				1.18%		0.95%
	Corporate / Other		(2.57)%		(0.84)%		(0.59)%		2.20%		(0.46%)				(1.31)%		0.42%
	Total		0.55%		0.75%		1.39%		1.06%		0.79%				0.41%		1.08%

(1)

See footnote 1 on page 1.

(2)

During the first quarter of 2021, Citi changed its cost allocations for certain recurring expenses related to investments in infrastructure, and risk and controls, attributing them from Corporate/Other to GCB and ICG. This reclassification between businesses had no impact on Citi’s EBIT or Net income for any period. Prior-period amounts have been reclassified to conform to the current period's presentation.

(3)

Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(4)

See footnote 2 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 5

GLOBAL CONSUMER BANKING⁽¹⁾

Page 1

(In millions of dollars, except as otherwise noted)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020⁽²⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Net interest revenue	$	6,251	$	6,343	$	5,953	$	5,847	$	5,963	2%	(5%)	$	19,857	$	17,763	(11%)
Non-interest revenue⁽³⁾		922		962		1,084		973		297	(69%)	(68%)		2,829		2,354	(17%)
Total revenues, net of interest expense		7,173		7,305		7,037		6,820		6,260	(8%)	(13%)		22,686		20,117	(11%)
Total operating expenses		4,287		4,599		4,400		4,550		4,567	-	7%		12,884		13,517	5%
Net credit losses on loans		1,598		1,272		1,580		1,253		944	(25%)	(41%)		5,374		3,777	(30%)
Credit reserve build / (release) for loans		34		(193)		(1,806)		(1,398)		(1,031)	26%	NM		5,144		(4,235)	NM
Provision for credit losses on unfunded lending commitments		5		(4)		-		1		1	-	(80%)		4		2	(50%)
Provisions for benefits and claims, HTM debt securities and other assets		45		2		35		9		21	NM	(53%)		103		65	(37%)
Provisions for credit losses and for benefits and claims (PBC)		1,682		1,077		(191)		(135)		(65)	52%	NM		10,625		(391)	NM
Income (loss) from continuing operations before taxes		1,204		1,629		2,828		2,405		1,758	(27%)	46%		(823)		6,991	NM
Income taxes (benefits)		284		397		657		573		424	(26%)	49%		(254)		1,654	NM
Income (loss) from continuing operations		920		1,232		2,171		1,832		1,334	(27%)	45%		(569)		5,337	NM
Noncontrolling interests		-		(1)		(3)		(2)		(2)	-	NM		(3)		(7)	NM
Net income (loss)	$	920	$	1,233	$	2,174	$	1,834	$	1,336	(27%)	45%	$	(566)	$	5,344	NM
EOP assets (in billions)	$	435	$	434	$	439	$	432	$	442	2%	2%
Average assets (in billions)	$	434	$	447		439		437	$	441	1%	2%	$	419	$	439	5%
Return on average assets		0.84%		1.10%		2.01%		1.68%		1.20%				(0.18%)		1.63%
Efficiency ratio		60%		63%		63%		67%		73%				57%		67%

Net credit losses as a % of average loans		2.33%		1.83%		2.36%		1.87%		1.42%				2.58%		1.89%

Revenue by business
Retail banking	$	2,916	$	2,936	$	2,844	$	2,802	$	2,146	(23%)	(26%)	$	8,798	$	7,792	(11%)
Cards⁽⁴⁾		4,257		4,369		4,193		4,018		4,114	2%	(3%)		13,888		12,325	(11%)
Total	$	7,173	$	7,305	$	7,037	$	6,820	$	6,260	(8%)	(13%)	$	22,686	$	20,117	(11%)

Net credit losses on loans by business
Retail banking	$	190	$	185	$	274	$	193	$	161	(17%)	(15%)	$	620	$	628	1%
Cards⁽⁴⁾		1,408		1,087		1,306		1,060		783	(26%)	(44%)		4,754		3,149	(34%)
Total	$	1,598	$	1,272	$	1,580	$	1,253	$	944	(25%)	(41%)	$	5,374	$	3,777	(30%)

Income from continuing operations by business
Retail banking	$	264	$	173	$	259	$	272	$	(326)	NM	NM	$	384	$	205	(47%)
Cards⁽⁴⁾		656		1,059		1,912		1,560		1,660	6%	NM		(953)		5,132	NM
Total	$	920	$	1,232	$	2,171	$	1,832	$	1,334	(27%)	45%	$	(569)	$	5,337	NM

Foreign currency (FX) translation impact
Total revenue - as reported	$	7,173	$	7,305	$	7,037	$	6,820	$	6,260	(8%)	(13%)	$	22,686	$	20,117	(11%)
Impact of FX translation⁽⁵⁾		95		(3)		(10)		(33)		-				365		-
Total revenues - Ex-FX⁽⁵⁾	$	7,268	$	7,302	$	7,027	$	6,787	$	6,260	(8%)	(14%)	$	23,051	$	20,117	(13%)

Total operating expenses - as reported	$	4,287	$	4,599	$	4,400	$	4,550	$	4,567	-	7%	$	12,884	$	13,517	5%
Impact of FX translation⁽⁵⁾		59		(2)		(7)		(22)		-				227		-
Total operating expenses - Ex-FX⁽⁵⁾	$	4,346	$	4,597	$	4,393	$	4,528	$	4,567	1%	5%	$	13,111	$	13,517	3%

Total provisions for credit losses & PBC - as reported	$	1,682	$	1,077	$	(191)	$	(135)	$	(65)	52%	NM	$	10,625	$	(391)	NM
Impact of FX translation⁽⁵⁾		15		(4)		1		(2)		-				123		-
Total provisions for credit losses & PBC - Ex-FX⁽⁵⁾	$	1,697	$	1,073	$	(190)	$	(137)	$	(65)	53%	NM	$	10,748	$	(391)	NM

Net income (loss) - as reported	$	920	$	1,233	$	2,174	$	1,834	$	1,336	(27%)	45%	$	(566)	$	5,344	NM
Impact of FX translation⁽⁵⁾		11		3		(4)		(5)		-				7		-
Total net income (loss) - Ex-FX⁽⁵⁾	$	931	$	1,236	$	2,170	$	1,829	$	1,336	(27%)	44%	$	(559)	$	5,344	NM

(1)	See footnote 2 on page 5.

(2)	See footnote 1 on page 1.

(3)	See footnote 2 on page 1.

(4)	Includes both Citi-Branded Cards and Citi Retail Services.

(5)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the third quarter of 2021 and year-to-date 2021 average exchange rates for all periods presented.

Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 6

GLOBAL CONSUMER BANKING

Page 2


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		2,323		2,305		2,241		2,209		2,157	(2%)	(7%)
Accounts (in millions)		55.5		53.7		52.9		52.6		52.5	-	(5%)
Average deposits	$	319.8	$	333.2	$	345.3	$	352.9	$	353.3	-	10%
Investment sales		30.2		29.2		38.4		28.3		27.7	(2%)	(8%)
Investment assets under management (AUMs):
AUMS		163.5		180.8		183.2		190.7		188.8	(1%)	15%
AUMs related to the LATAM retirement services business		35.9		40.8		39.2		41.0		40.0	(2%)	11%
Total AUMs	$	199.4	$	221.6	$	222.4	$	231.7	$	228.8	(1%)	15%
Average loans		125.6		127.6		127.4		126.0		120.0	(5%)	(4%)
EOP loans:
Mortgages	$	87.5	$	88.9	$	86.7	$	86.3	$	79.8	(8%)	(9%)
Personal, small business and other		38.3		40.1		39.1		39.0		37.0	(5%)	(3%)
EOP loans	$	125.8	$	129.0	$	125.8	$	125.3	$	116.8	(7%)	(7%)

Total net interest revenue (in millions)⁽¹⁾	$	1,898	$	1,900	$	1,778	$	1,821	$	1,761	(3%)	(7%)
As a % of average loans		6.01%		5.92%		5.66%		5.80%		5.82%

Net credit losses on loans (in millions)	$	190	$	185	$	274	$	193	$	161	(17%)	(15%)
As a % of average loans		0.60%		0.58%		0.87%		0.61%		0.53%
Loans 90+ days past due (in millions)⁽²⁾	$	497	$	632	$	598	$	560	$	479	(14%)	(4%)
As a % of EOP loans		0.40%		0.49%		0.48%		0.45%		0.41%
Loans 30-89 days past due (in millions)⁽²⁾	$	786	$	860	$	662	$	687	$	589	(14%)	(25%)
As a % of EOP loans		0.63%		0.67%		0.53%		0.55%		0.51%

Cards key indicators (in millions of dollars, except as otherwise noted)
EOP open accounts (in millions)		132.8		131.8		130.2		129.6		128.5	(1%)	(3%)
Purchase sales (in billions)	$	127.1	$	141.9	$	128.3	$	151.1	$	152.7	1%	20%

Average loans (in billions)⁽³⁾		146.8		148.5		144.3		142.6		142.9	-	(3%)
EOP loans (in billions)⁽³⁾		146.6		153.1		142.1		145.6		143.3	(2%)	(2%)
Average yield⁽⁴⁾		12.83%		12.65%		12.65%		12.01%		11.94%
Total net interest revenue⁽⁵⁾	$	4,353	$	4,443	$	4,175	$	4,026	$	4,202	4%	(3%)
As a % of average loans⁽⁵⁾		11.80%		11.90%		11.73%		11.32%		11.67%
Net credit losses on loans	$	1,408	$	1,087	$	1,306	$	1,060	$	783	(26%)	(44%)
As a % of average loans		3.82%		2.91%		3.67%		2.98%		2.17%
Net credit margin⁽⁶⁾	$	2,852	$	3,290	$	2,899	$	2,967	$	3,339	13%	17%
As a % of average loans⁽⁶⁾		7.73%		8.81%		8.15%		8.35%		9.27%
Loans 90+ days past due⁽⁷⁾	$	1,479	$	1,875	$	1,577	$	1,230	$	1,009	(18%)	(32%)
As a % of EOP loans		1.01%		1.22%		1.11%		0.84%		0.70%
Loans 30-89 days past due⁽⁷⁾	$	1,612	$	1,657	$	1,341	$	1,074	$	1,079	-	(33%)
As a % of EOP loans		1.10%		1.08%		0.94%		0.74%		0.75%

(1)	Also includes net interest revenue related to the average deposit balances in excess of the average loan portfolio.

(2)	The Loans 90+ days past due and 30-89 days past due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 9.

(3)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)	Average yield is gross interest revenue earned on loans divided by average loans.

(5)	Net interest revenue includes certain fees that are recorded as interest revenue.

(6)	Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

(7)

The decrease in loans 90+ days past due as of September 30, 2020 and the decrease in loans 30-89 days past due beginning at June 30, 2020, include the impact of loan modifications in North America and Latin America that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 7

GLOBAL CONSUMER BANKING⁽¹⁾

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020⁽²⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Net interest revenue	$	4,500	$	4,559	$	4,307	$	4,143	$	4,336	5%	(4%)	$	14,243	$	12,786	(10%)
Non-interest revenue		27		96		121		58		2	(97%)	(93%)		250		181	(28%)
Total revenues, net of interest expense		4,527		4,655		4,428		4,201		4,338	3%	(4%)		14,493		12,967	(11%)
Total operating expenses		2,483		2,595		2,479		2,600		2,658	2%	7%		7,506		7,737	3%
Net credit losses on loans		1,182		870		950		817		617	(24%)	(48%)		4,120		2,384	(42%)
Credit reserve build / (release) for loans		(10)		(85)		(1,417)		(915)		(809)	12%	NM		4,200		(3,141)	NM
Provision for credit losses on unfunded lending commitments		5		(4)		-		1		1	-	(80%)		4		2	(50%)
Provisions for benefits and claims, HTM debt securities and other assets		(6)		(1)		2		6		4	(33%)	NM		18		12	(33%)
Provisions for credit losses and for benefits and claims		1,171		780		(465)		(91)		(187)	NM	NM		8,342		(743)	NM
Income (loss) from continuing operations before taxes		873		1,280		2,414		1,692		1,867	10%	NM		(1,355)		5,973	NM
Income taxes (benefits)		212		312		557		383		419	9%	98%		(341)		1,359	NM
Income (loss) from continuing operations		661		968		1,857		1,309		1,448	11%	NM		(1,014)		4,614	NM
Noncontrolling interests		-		-		-		-		-	-	-		-		-	-
Net income (loss)	$	661	$	968	$	1,857	$	1,309	$	1,448	11%	NM	$	(1,014)	$	4,614	NM
Average assets (in billions)	$	274	$	278	$	265	$	262	$	267	2%	(3%)	$	261	$	265	2%
Return on average assets		0.96%		1.39%		2.84%		2.00%		2.15%				(0.52)%		2.33%
Efficiency ratio		55%		56%		56%		62%		61%				52%		60%

Net credit losses as a % of average loans		2.63%		1.93%		2.21%		1.91%		1.41%				2.98%		1.84%

Revenue by business
Retail banking	$	1,113	$	1,092	$	1,041	$	1,039	$	1,031	(1%)	(7%)	$	3,365	$	3,111	(8%)
Citi-branded cards		2,061		2,132		2,091		1,959		2,036	4%	(1%)		6,626		6,086	(8%)
Citi retail services		1,353		1,431		1,296		1,203		1,271	6%	(6%)		4,502		3,770	(16%)
Total	$	4,527	$	4,655	$	4,428	$	4,201	$	4,338	3%	(4%)	$	14,493	$	12,967	(11%)

Net credit losses on loans by business
Retail banking	$	31	$	31	$	26	$	24	$	22	(8%)	(29%)	$	101	$	72	(29%)
Citi-branded cards		647		500		551		467		357	(24%)	(45%)		2,208		1,375	(38%)
Citi retail services		504		339		373		326		238	(27%)	(53%)		1,811		937	(48%)
Total	$	1,182	$	870	$	950	$	817	$	617	(24%)	(48%)	$	4,120	$	2,384	(42%)

Income (loss) from continuing operations by business
Retail banking	$	25	$	(72)	$	3	$	(49)	$	(73)	(49%)	NM	$	(160)	$	(119)	26%
Citi-branded cards		422		639		1,119		924		781	(15%)	85%		(627)		2,824	NM
Citi retail services		214		401		735		434		740	71%	NM		(227)		1,909	NM
Total	$	661	$	968	$	1,857	$	1,309	$	1,448	11%	NM	$	(1,014)	$	4,614	NM

(1)	See footnote 2 on page 5.

(2)	See footnote 1 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 8

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)		689		689		687		659		658	-	(4%)
Accounts (in millions)		9.1		9.1		9.1		9.1		9.1	-	-
Average deposits	$	182.1	$	188.9	$	197.0	$	204.2	$	208.4	2%	14%
Investment sales		10.9		10.6		14.6		11.1		11.0	(1%)	1%
Investment AUMs		73.3		80.3		81.7		85.1		85.3	-	16%
Average loans		53.4		52.8		51.9		50.2		49.5	(1%)	(7%)
EOP loans:
Mortgages		49.0		49.0		46.9		46.0		45.5	(1%)	(7%)
Personal, small business and other		4.1		3.7		4.0		3.7		3.3	(11%)	(20%)
Total EOP loans	$	53.1	$	52.7	$	50.9	$	49.7	$	48.8	(2%)	(8%)

Mortgage originations⁽¹⁾	$	6.6	$	6.6	$	5.7	$	5.6	$	4.7	(16%)	(29%)
Third-party mortgage servicing portfolio (EOP)		42.1		40.2		39.4		38.4	$	36.3	(5%)	(14%)
Net servicing and gain/(loss) on sale (in millions)		59.1		57.3		44.2		19.3	$	25.8	34%	(56%)
Saleable mortgage rate locks		3.3		2.6		2.3		1.6	$	1.6	-	(52%)
Net interest revenue on loans (in millions)		179		174		166		161	$	180	12%	1%
As a % of average loans		1.33%		1.31%		1.30%		1.29%		1.44%

Net credit losses on loans (in millions)	$	31	$	31	$	26	$	24	$	22	(8%)	(29%)
As a % of average loans		0.23%		0.23%		0.20%		0.19%		0.18%

Loans 90+ days past due (in millions)⁽²⁾	$	211	$	299	$	263	$	236	$	221	(6%)	5%
As a % of EOP loans		0.40%		0.58%		0.52%		0.48%		0.46%
Loans 30-89 days past due (in millions)⁽²⁾	$	378	$	328	$	220	$	268	$	250	(7%)	(34%)
As a % of EOP loans		0.72%		0.63%		0.44%		0.55%		0.52%

(1)	Originations of residential first mortgages.

(2)	The loans 90+ days past due and 30-89 days past due and related ratios excludes loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) were $148 million and ($0.6 billion), $171 million and ($0.7 billion), $176 million and ($0.7 billion), $150 million and ($0.7 billion), and $146 million and ($0.6 billion) as of September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $88 million and ($0.6 billion), $98 million and ($0.7 billion), $84 million and ($0.7 billion), $80 million and ($0.7 billion), and $78 million and ($0.6 billion) as of September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 9

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted)⁽¹⁾
EOP open accounts (in millions)		34.5		34.5		34.5		34.7		35.0	1%	1%
Purchase sales (in billions)	$	85.5	$	93.2	$	85.8	$	103.5	$	106.0	2%	24%
Average loans (in billions)⁽¹⁾		81.2		81.7		78.7		79.4		81.9	3%	1%
EOP loans (in billions)⁽¹⁾		81.1		84.0		78.5		82.1		82.8	1%	2%
Average yield⁽²⁾		10.33%		10.19%		10.30%		9.64%		9.52%	(1%)	(8%)

Total net interest revenue⁽³⁾	$	1,906	$	1,916	$	1,830	$	1,753	$	1,849	5%	(3%)
As a % of average loans⁽³⁾		9.34%		9.33%		9.43%		8.86%		8.96%
Net credit losses on loans	$	647	$	500	$	551	$	467	$	357	(24%)	(45%)
As a % of average loans		3.17%		2.43%		2.84%		2.36%		1.73%
Net credit margin⁽⁴⁾	$	1,412	$	1,630	$	1,541	$	1,491	$	1,678	13%	19%
As a % of average loans⁽⁴⁾		6.92%		7.94%		7.94%		7.53%		8.13%
Loans 90+ days past due	$	574	$	686	$	590	$	457	$	362	(21%)	(37%)
As a % of EOP loans		0.71%		0.82%		0.75%		0.56%		0.44%
Loans 30-89 days past due⁽⁵⁾	$	624	$	589	$	484	$	355	$	375	6%	(40%)
As a % of EOP loans		0.77%		0.70%		0.62%		0.43%		0.45%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted)⁽¹⁾
EOP open accounts		78.6		77.9		76.6		76.0		74.7	(2%)	(5%)
Purchase sales (in billions)	$	19.9	$	23.4	$	18.7	$	23.6	$	22.7	(4%)	14%
Average loans (in billions)⁽¹⁾		44.5		44.9		43.8		42.3		42.4	-	(5%)
EOP loans (in billions)⁽¹⁾		44.4		46.4		42.5		42.7		42.7	-	(4%)
Average yield⁽²⁾		16.86%		16.73%		16.61%		16.06%		16.17%	1%	(4%)

Total net interest revenue⁽³⁾	$	1,788	$	1,861	$	1,744	$	1,650	$	1,762	7%	(1%)
As a % of average loans⁽³⁾		15.98%		16.49%		16.15%		15.65%		16.49%
Net credit losses on loans	$	504	$	339	$	373	$	326	$	238	(27%)	(53%)
As a % of average loans		4.51%		3.00%		3.45%		3.09%		2.23%
Net credit margin⁽⁴⁾	$	846	$	1,091	$	920	$	874	$	1,031	18%	22%
As a % of average loans⁽⁴⁾		7.56%		9.67%		8.52%		8.29%		9.65%
Loans 90+ days past due⁽⁵⁾	$	557	$	644	$	591	$	463	$	421	(9%)	(24%)
As a % of EOP loans		1.25%		1.39%		1.39%		1.08%		0.99%
Loans 30-89 days past due⁽⁵⁾	$	610	$	639	$	513	$	415	$	471	13%	(23%)
As a % of EOP loans		1.37%		1.38%		1.21%		0.97%		1.10%

(1)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2)	Average yield is calculated as gross interest revenue earned on loans divided by average loans.

(3)	Net interest revenue includes certain fees that are recorded as interest revenue.

(4)	Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

(5)	The decrease in loans 90+ days past due beginning as of September 30, 2020, include the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 10

GLOBAL CONSUMER BANKING

LATIN AMERICA⁽¹⁾⁽²⁾

Page 1

(In millions of dollars, except as otherwise noted)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020⁽³⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Net interest revenue	$	697	$	739	$	658	$	703	$	702	-	1%	$	2,339	$	2,063	(12%)
Non-interest revenue		330		357		350		350		336	(4%)	2%		937		1,036	11%
Total revenues, net of interest expense		1,027		1,096		1,008		1,053		1,038	(1%)	1%		3,276		3,099	(5%)
Total operating expenses		667		776		702		725		700	(3%)	5%		2,001		2,127	6%
Net credit losses on loans		228		162		365		250		175	(30%)	(23%)		704		790	12%
Credit reserve build / (release) for loans		(66)		(83)		(163)		(423)		(178)	58%	NM		399		(764)	NM
Provision for credit losses on unfunded lending commitments		-		-		-		-		-	-	-		-		-	-
Provisions for benefits and claims, HTM debt securities and other assets		47		9		29		6		19	NM	(60%)		78		54	(31%)
Provisions for credit losses and for benefits and claims (PBC)		209		88		231		(167)		16	NM	(92%)		1,181		80	(93%)
Income (loss) from continuing operations before taxes		151		232		75		495		322	(35%)	NM		94		892	NM
Income taxes (benefits)		43		66		23		143		94	(34%)	NM		19		260	NM
Income (loss) from continuing operations		108		166		52		352		228	(35%)	NM		75		632	NM
Noncontrolling interests		-		-		-		-		-	-	-		-		-	-
Net income (loss)	$	108	$	166	$	52	$	352	$	228	(35%)	NM	$	75	$	632	NM
Average assets (in billions)	$	31	$	33	$	34	$	34	$	36	6%	16%	$	32	$	35	9%
Return on average assets		1.39%		2.00%		0.62%		4.15%		2.51%				0.31%		2.41%
Efficiency ratio		65%		71%		70%		69%		67%				61%		69%

Net credit losses on loans as a percentage of average loans		6.67%		4.51%		10.65%		7.43%		5.26%				6.49%		7.77%

Revenue by business
Retail banking	$	737	$	784	$	723	$	757	$	767	1%	4%	$	2,225	$	2,247	1%
Citi-branded cards		290		312		285		296		271	(8%)	(7%)		1,051		852	(19%)
Total	$	1,027	$	1,096	$	1,008	$	1,053	$	1,038	(1%)	1%	$	3,276	$	3,099	(5%)

Net credit losses on loans by business
Retail banking	$	90	$	68	$	168	$	99	$	77	(22%)	(14%)	$	309	$	344	11%
Citi-branded cards		138		94		197		151		98	(35%)	(29%)		395		446	13%
Total	$	228	$	162	$	365	$	250	$	175	(30%)	(23%)	$	704	$	790	12%

Income from continuing operations by business
Retail banking	$	68	$	91	$	40	$	180	$	119	(34%)	75%	$	29	$	339	NM
Citi-branded cards		40		75		12		172		109	(37%)	NM		46		293	NM
Total	$	108	$	166	$	52	$	352	$	228	(35%)	NM	$	75	$	632	NM

FX translation impact
Total revenue - as reported	$	1,027	$	1,096	$	1,008	$	1,053	$	1,038	(1%)	1%	$	3,276	$	3,099	(5%)
Impact of FX translation⁽⁴⁾		86		13		16		(7)		-				226		-
Total revenues - Ex-FX⁽⁴⁾	$	1,113	$	1,109	$	1,024	$	1,046	$	1,038	(1%)	(7%)	$	3,502	$	3,099	(12%)

Total operating expenses - as reported	$	667	$	776	$	702	$	725	$	700	(3%)	5%	$	2,001	$	2,127	6%
Impact of FX translation⁽⁴⁾		51		9		10		(5)		-				130		-
Total operating expenses - Ex-FX⁽⁴⁾	$	718	$	785	$	712	$	720	$	700	(3%)	(3%)	$	2,131	$	2,127	-

Total provisions for credit losses and PBC - as reported	$	209	$	88	$	231	$	(167)	$	16	NM	(92%)	$	1,181	$	80	(93%)
Impact of FX translation⁽⁴⁾		15		1		4		1		-				92		-
Total provisions for credit losses and PBC - Ex-FX⁽⁴⁾	$	224	$	89	$	235	$	(166)	$	16	NM	(93%)	$	1,273	$	80	(94%)

Net income (loss) - as reported	$	108	$	166	$	52	$	352	$	228	(35%)	NM	$	75	$	632	NM
Impact of FX translation⁽⁴⁾		12		3		1		(2)		-				-		-
Total net income (loss) - Ex-FX⁽⁴⁾	$	120	$	169	$	53	$	350	$	228	(35%)	90%	$	75	$	632	NM

(1)	Latin America GCB consists of Citi's consumer banking operations in Mexico.

(2)	See footnote 2 on page 5.

(3)	See footnote 1 on page 1.

(4)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the third quarter of 2021 and year-to-date 2021 average exchange rates for all periods presented. Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 11

GLOBAL CONSUMER BANKING

LATIN AMERICA

Page 2


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		1,401		1,392		1,331		1,327		1,278	(4%)	(9%)
Accounts (in millions)		29.3		27.3		26.6		26.4		26.3	-	(10%)
Average deposits	$	22.5	$	24.3	$	24.5	$	24.1	$	24.2	-	8%
Investment sales		3.5		3.7		3.1		3.5		3.5	-	-
Investment AUMs:
AUMS		23.4		27.1		26.9		28.2		27.7	(2%)	18%
AUMs related to the retirement services business		35.9		40.8		39.2		41.0		40.0	(2%)	11%
Total AUMs		59.3		67.9		66.1		69.2		67.7	(2%)	14%
Average loans		9.3		9.6		9.4		9.2		8.9	(3%)	(4%)
EOP loans:
Mortgages		3.8		4.0		3.8		3.8		3.6	(5%)	(5%)
Personal, small business and other		5.4		5.8		5.3		5.3		5.1	(4%)	(6%)
Total EOP loans	$	9.2	$	9.8	$	9.1	$	9.1	$	8.7	(4%)	(5%)

Total net interest revenue (in millions)⁽¹⁾	$	480	$	503	$	447	$	491	$	494	1%	3%
As a % of average loans⁽¹⁾		20.53%		20.84%		19.29%		21.41%		22.02%
Net credit losses on loans (in millions)	$	90	$	68	$	168	$	99	$	77	(22%)	(14%)
As a % of average loans		3.85%		2.82%		7.25%		4.32%		3.43%
Loans 90+ days past due (in millions)	$	105	$	130	$	142	$	127	$	117	(8%)	11%
As a % of EOP loans		1.14%		1.33%		1.56%		1.40%		1.34%
Loans 30-89 days past due (in millions)	$	136	$	220	$	164	$	134	$	122	(9%)	(10%)
As a % of EOP loans		1.48%		2.24%		1.80%		1.47%		1.40%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP open accounts (in millions)		4.9		4.7		4.5		4.5		4.5	-	(8%)
Purchase sales	$	3.3	$	4.4	$	3.7	$	4.2	$	4.3	2%	30%
Average loans⁽²⁾		4.3		4.7		4.5		4.3		4.3	-	-
EOP loans⁽²⁾		4.3		4.8		4.3		4.4		4.3	(2%)	-
Average yield⁽³⁾		21.28%		21.01%		19.89%		20.10%		20.66%	3%	(3%)

Total net interest revenue (in millions)⁽⁴⁾	$	217	$	236	$	211	$	212	$	208	(2%)	(4%)
As a % of average loans⁽⁴⁾		20.08%		19.98%		19.02%		19.78%		19.19%
Net credit losses on loans (in millions)	$	138	$	94	$	197	$	151	$	98	(35%)	(29%)
As a % of average loans		12.77%		7.96%		17.75%		14.09%		9.04%
Net credit margin (in millions)⁽⁵⁾	$	160	$	229	$	102	$	158	$	184	16%	15%
As a % of average loans⁽⁵⁾		14.80%		19.38%		9.19%		14.74%		16.98%
Loans 90+ days past due (in millions)⁽⁶⁾	$	106	$	233	$	173	$	122	$	81	(34%)	(24%)
As a % of EOP loans		2.47%		4.85%		4.02%		2.77%		1.88%
Loans 30-89 days past due (in millions)⁽⁶⁾	$	89	$	170	$	115	$	82	$	68	(17%)	(24%)
As a % of EOP loans		2.07%		3.54%		2.67%		1.86%		1.58%

(1)	Also includes net interest revenue related to the region's average deposit balances in excess of the average loan portfolio.

(2)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(3)	Average yield is gross interest revenue earned on loans divided by average loans.

(4)	Net interest revenue includes certain fees that are recorded as interest revenue.

(5)	Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

(6)	The decrease in loans 90+ days past due as of September 30, 2020 and the decrease in loans 30-89 days past due beginning at June 30, 2020, include the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 12

GLOBAL CONSUMER BANKING

ASIA⁽¹⁾⁽²⁾

PAGE 1

(In millions of dollars, except as otherwise noted)


											3Q21 Increase/			YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from			Year		Year		YTD 2020 Increase/
	2020⁽³⁾		2020		2021		2021		2021		2Q21		3Q20	2020		2021		(Decrease)

Net interest revenue	$	1,054	$	1,045	$	988	$	1,001	$	925		(8%)	(12%)	$	3,275	$	2,914	(11%)
Non-interest revenue⁽⁴⁾		565		509		613		565		(41)		NM	NM		1,642		1,137	(31%)
Total revenues, net of interest expense		1,619		1,554		1,601		1,566		884		(44%)	(45%)		4,917		4,051	(18%)
Total operating expenses		1,137		1,228		1,219		1,225		1,209		(1%)	6%		3,377		3,653	8%
Net credit losses on loans		188		240		265		186		152		(18%)	(19%)		550		603	10%
Credit reserve build / (release) for loans		110		(25)		(226)		(60)		(44)		27%	NM		545		(330)	NM
Provision for credit losses on unfunded lending commitments		-		-		-		-		-		-	-		-		-	—
Provisions for benefits and claims, HTM debt securities and other assets		4		(6)		4		(3)		(2)		33%	NM		7		(1)	NM
Provisions for credit losses and for benefits and claims (PBC)		302		209		43		123		106		(14%)	(65%)		1,102		272	(75%)
Income from continuing operations before taxes		180		117		339		218		(431)		NM	NM		438		126	(71%)
Income taxes (benefits)		29		19		77		47		(89)		NM	NM		68		35	(49%)
Income from continuing operations		151		98		262		171		(342)		NM	NM		370		91	(75%)
Noncontrolling interests		-		(1)		(3)		(2)		(2)		-	NM		(3)		(7)	NM
Net income	$	151	$	99	$	265	$	173	$	(340)		NM	NM	$	373	$	98	(74%)
Average assets (in billions)	$	129	$	136	$	140	$	141	$	138		(2%)	7%	$	126	$	140	11%
Return on average assets		0.47%		0.29%		0.77%		0.49%		(0.98) %					0.40%		0.09%
Efficiency ratio		70%		79%		76%		78%		137%					69%		90%

Net credit losses on loans as a percentage of average loans		0.94%		1.16%		1.29%		0.90%		0.79%					0.93%		1.00%

Revenue by business
Retail banking⁽⁴⁾	$	1,066	$	1,060	$	1,080	$	1,006	$	348		(65%)	(67%)	$	3,208	$	2,434	(24%)
Citi-branded cards		553		494		521		560		536		(4%)	(3%)		1,709		1,617	(5%)
Total	$	1,619	$	1,554	$	1,601	$	1,566	$	884		(44%)	(45%)	$	4,917	$	4,051	(18%)

Net credit losses on loans by business
Retail banking	$	69	$	86	$	80	$	70	$	62		(11%)	(10%)	$	210	$	212	1%
Citi-branded cards		119		154		185		116		90		(22%)	(24%)		340		391	15%
Total	$	188	$	240	$	265	$	186	$	152		(18%)	(19%)	$	550	$	603	10%

Income from continuing operations by business
Retail banking⁽⁴⁾	$	171	$	154	$	216	$	141	$	(372)		NM	NM	$	515	$	(15)	NM
Citi-branded cards		(20)		(56)		46		30		30		-	NM		(145)		106	NM
Total	$	151	$	98	$	262	$	171	$	(342)		NM	NM	$	370	$	91	(75%)

FX translation impact
Total revenue - as reported	$	1,619	$	1,554	$	1,601	$	1,566	$	884		(44%)	(45%)	$	4,917	$	4,051	(18%)
Impact of FX translation⁽⁵⁾		9		(16)		(26)		(26)		-					139		-
Total revenues - Ex-FX⁽⁵⁾	$	1,628	$	1,538	$	1,575	$	1,540	$	884		(43%)	(46%)	$	5,056	$	4,051	(20%)

Total operating expenses - as reported	$	1,137	$	1,228	$	1,219	$	1,225	$	1,209		(1%)	6%	$	3,377	$	3,653	8%
Impact of FX translation⁽⁵⁾		8		(11)		(17)		(17)		-					97		-
Total operating expenses - Ex-FX⁽⁵⁾	$	1,145	$	1,217	$	1,202	$	1,208	$	1,209		-	6%	$	3,474	$	3,653	5%

Total provisions for credit losses and PBC - as reported	$	302	$	209	$	43	$	123	$	106		(14%)	(65%)	$	1,102	$	272	(75%)
Impact of FX translation⁽⁵⁾		—		(5)		(3)		(3)		-					31		-
Total provisions for credit losses and PBC - Ex-FX⁽⁵⁾	$	302	$	204	$	40	$	120	$	106		(12%)	(65%)	$	1,133	$	272	(76%)

Net income - as reported	$	151	$	99	$	265	$	173	$	(340)		NM	NM	$	373	$	98	(74%)
Impact of FX translation⁽⁵⁾		(1)		-		(5)		(3)		-					7		-
Total net income - Ex-FX⁽⁵⁾	$	150	$	99	$	260	$	170	$	(340)		NM	NM	$	380	$	98	(74%)

(1)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)	See footnote 2 on page 5.

(3)	See footnote 1 on page 1.

(4)	See footnote 2 on page 1.

(5)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the third quarter of 2021 and year-to-date 2021 average exchange rates for all periods presented. Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 13

GLOBAL CONSUMER BANKING

ASIA⁽¹⁾

PAGE 2


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		233		224		223		223		221	(1%)	(5%)
Accounts (in millions)		17.1		17.3		17.2		17.1		17.1	-	-
Average deposits	$	115.2	$	120.0	$	123.8	$	124.6	$	120.7	(3%)	5%
Investment sales		15.8		14.9		20.7		13.7		13.2	(4%)	(16%)
Investment AUMs		66.8		73.4		74.6		77.4		75.8	(2%)	13%
Average loans		62.9		65.2		66.1		66.6		61.6	(8%)	(2%)
EOP loans:
Mortgages		34.7		35.9		36.0		36.5	$	30.7	(16%)	(12%)
Personal, small business and other		28.8		30.6		29.8		30.0		28.6	(5%)	(1%)
Total EOP loans	$	63.5	$	66.5	$	65.8	$	66.5	$	59.3	(11%)	(7%)

Total net interest revenue (in millions)⁽²⁾	$	612	$	615	$	598	$	590	$	542	(8%)	(11%)
As a % of average loans⁽²⁾		3.87%		3.75%		3.67%		3.55%		3.49%
Net credit losses on loans (in millions)	$	69	$	86	$	80	$	70	$	62	(11%)	(10%)
As a % of average loans		0.44%		0.52%		0.49%		0.42%		0.40%
Loans 90+ days past due (in millions)	$	181	$	203	$	193	$	197	$	141	(28%)	(22%)
As a % of EOP Loans		0.29%		0.31%		0.29%		0.30%		0.24%
Loans 30-89 days past due (in millions)	$	272	$	312	$	278	$	285	$	217	(24%)	(20%)
As a % of EOP loans		0.43%		0.47%		0.42%		0.43%		0.37%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP open accounts (in millions)		14.8		14.7		14.6		14.4		14.3	(1%)	(3%)
Purchase sales	$	18.4	$	20.9	$	20.1	$	19.8	$	19.7	(1%)	7%
Average loans⁽³⁾		16.8		17.2		17.3		16.6		14.3	(14%)	(15%)
EOP loans⁽³⁾		16.8		17.9		16.8		16.4		13.5	(18%)	(20%)
Average yield⁽⁴⁾		11.99%		11.47%		10.96%		10.87%		10.57%	(3%)	(12%)

Total net interest revenue (in millions)⁽⁵⁾	$	442	$	430	$	390	$	411	$	383	(7%)	(13%)
As a % of average loans⁽⁶⁾		10.47%		9.95%		9.14%		9.93%		10.63%
Net credit losses on loans (in millions)	$	119	$	154	$	185	$	116	$	90	(22%)	(24%)
As a % of average loans		2.82%		3.56%		4.34%		2.80%		2.50%
Net credit margin (in millions)⁽⁶⁾	$	434	$	340	$	336	$	444	$	446	-	3%
As a % of average loans⁽⁶⁾		10.28%		7.86%		7.88%		10.73%		12.37%
Loans 90+ days past due	$	242	$	312	$	223	$	188	$	145	(23%)	(40%)
As a % of EOP loans		1.44%		1.74%		1.33%		1.15%		1.07%
Loans 30-89 days past due	$	289	$	259	$	229	$	222	$	165	(26%)	(43%)
As a % of EOP loans		1.72%		1.45%		1.36%		1.35%		1.22%

(1)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)	Also includes net interest revenue related to the region's average deposit balances in excess of the average loan portfolio.

(3)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)	Average yield is gross interest revenue earned on loans divided by average loans.

(5)	Net interest revenue includes certain fees that are recorded as interest revenue.

(6)	Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period's presentation.

Page 14

INSTITUTIONAL CLIENTS GROUP⁽¹⁾

(In millions of dollars, except as otherwise noted)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Commissions and fees	$	1,099	$	1,064	$	1,252	$	1,186	$	1,160	(2%)	6%	$	3,348	$	3,598	7%
Administration and other fiduciary fees		747		755		814		865		845	(2%)	13%		2,122		2,524	19%
Investment banking		1,145		1,107		1,800		1,575		1,692	7%	48%		3,902		5,067	30%
Principal transactions		2,511		1,748		3,842		2,213		2,297	4%	(9%)		11,779		8,352	(29%)
Other		378		247		360		324		609	88%	61%		683		1,293	89%
Total non-interest revenue		5,880		4,921		8,068		6,163		6,603	7%	12%		21,834		20,834	(5%)
Net interest revenue (including dividends)		4,473		4,358		4,152		4,224		4,183	(1%)	(6%)		13,140		12,559	(4%)
Total revenues, net of interest expense		10,353		9,279		12,220		10,387		10,786	4%	4%		34,974		33,393	(5%)
Total operating expenses		5,858		6,041		6,308		6,264		6,398	2%	9%		17,741		18,970	7%
Net credit losses on loans		326		210		186		89		40	(55%)	(88%)		777		315	(59%)
Credit reserve build / (release) for loans		106		(1,620)		(1,312)		(949)		(65)	93%	NM		4,792		(2,326)	NM
Provision for credit losses on unfunded lending commitments		423		352		(621)		46		(13)	NM	NM		1,083		(588)	NM
Provisions for credit losses for HTM debt securities and other assets		(17)		(23)		(5)		4		(8)	NM	53%		44		(9)	NM
Provision for credit losses		838		(1,081)		(1,752)		(810)		(46)	94%	NM		6,696		(2,608)	NM
Income from continuing operations before taxes		3,657		4,319		7,664		4,933		4,434	(10%)	21%		10,537		17,031	62%
Income taxes		800		1,019		1,726		1,104		991	(10%)	24%		2,284		3,821	67%
Income from continuing operations		2,857		3,300		5,938		3,829		3,443	(10%)	21%		8,253		13,210	60%
Noncontrolling interests		24		22		37		12		24	100%	-		28		73	NM
Net income	$	2,833	$	3,278	$	5,901	$	3,817	$	3,419	(10%)	21%	$	8,225	$	13,137	60%
EOP assets (in billions)	$	1,703	$	1,730	$	1,776	$	1,795	$	1,820	1%	7%
Average assets (in billions)		1,732		1,756		1,787		1,806		1,809	-	4%	$	1,689	$	1,801	7%
Return on average assets (ROA)		0.65%		0.74%		1.34%		0.85%		0.75%				0.65%		0.98%
Efficiency ratio		57%		65%		52%		60%		59%				51%		57%

Revenue by region
North America	$	3,920	$	3,331	$	4,898	$	3,718	$	4,145	11%	6%	$	13,854	$	12,761	(8%)
EMEA		3,085		2,867		3,713		3,253		3,095	(5%)	-		9,947		10,061	1%
Latin America		1,141		1,072		1,136		1,174		1,261	7%	11%		3,766		3,571	(5%)
Asia		2,207		2,009		2,473		2,242		2,285	2%	4%		7,407		7,000	(5%)
Total revenues, net of interest expense	$	10,353	$	9,279	$	12,220	$	10,387	$	10,786	4%	4%	$	34,974	$	33,393	(5%)

Income (loss) from continuing operations by region
North America	$	1,023	$	801	$	2,779	$	1,253	$	854	(32%)	(17%)	$	2,509	$	4,886	95%
EMEA		880		891		1,466		1,156		1,035	(10%)	18%		2,389		3,657	53%
Latin America		102		963		645		597		665	11%	NM		427		1,907	NM
Asia		852		645		1,048		823		889	8%	4%		2,928		2,760	(6%)
Income from continuing operations	$	2,857	$	3,300	$	5,938	$	3,829	$	3,443	(10%)	21%	$	8,253	$	13,210	60%

Average loans by region (in billions)
North America	$	198	$	193	$	195	$	201	$	205	2%	4%	$	204	$	200	(2%)
EMEA		88		86		89		90		90	-	2%		89		90	1%
Latin America		40		35		32		32		32	-	(20%)		40		32	(20%)
Asia		71		68		71		73		74	1%	4%		72		73	1%
Total	$	397	$	382	$	387	$	396	$	401	1%	1%	$	405	$	395	(2%)

EOP deposits by region (in billions)
North America	$	476	$	472	$	470	$	471	$	505	7%	6%
EMEA		218		218		232		232		229	(1%)	5%
Latin America		43		44		45		46		47	3%	9%
Asia		188		190		191		198		205	4%	9%
Total	$	925	$	924	$	938	$	947	$	986	4%	7%

EOP deposits by business (in billions)
Treasury and trade solutions	$	660	$	651	$	649	$	644	$	676	5%	2%
All other ICG businesses		265		273		289		303		310	2%	17%
Total	$	925	$	924	$	938	$	947	$	986	4%	7%

(1)	See footnote 2 on page 5.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 15

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Revenue Details
Investment banking
Advisory	$	163	$	232	$	281	$	405	$	539	33%	NM	$	778	$	1,225	57%
Equity underwriting		484		438		876		544		507	(7%)	5%		1,155		1,927	67%
Debt underwriting		740		617		816		823		877	7%	19%		2,567		2,516	(2%)
Total investment banking		1,387		1,287		1,973		1,772		1,923	9%	39%		4,500		5,668	26%
Treasury and trade solutions		2,394		2,400		2,165		2,290		2,291	-	(4%)		7,124		6,746	(5%)
Corporate lending - excluding gain/(loss) on loan hedges⁽¹⁾		538		552		483		548		631	15%	17%		1,632		1,662	2%
Private bank - excluding gain/(loss) on loan hedges⁽¹⁾		938		894		1,027		993		973	(2%)	4%		2,843		2,993	5%
Total banking revenues (ex-gain/(loss) on loan hedges)⁽¹⁾	$	5,257	$	5,133	$	5,648	$	5,603	$	5,818	4%	11%	$	16,099	$	17,069	6%

Gain/(loss) on loan hedges⁽¹⁾		(124)		(312)		(81)		(37)		(47)	(27%)	62%		261		(165)	NM
Total banking revenues including g/(l) on loan hedges⁽¹⁾	$	5,133	$	4,821	$	5,567	$	5,566	$	5,771	4%	12%	$	16,360	$	16,904	3%

Fixed income markets	$	3,788	$	3,087	$	4,550	$	3,211	$	3,182	(1%)	(16%)	$	14,169	$	10,943	(23%)
Equity markets		875		810		1,476		1,058		1,226	16%	40%		2,814		3,760	34%
Securities services		631		650		653		672		692	3%	10%		1,895		2,017	6%
Other		(74)		(89)		(26)		(120)		(85)	29%	(15%)		(264)		(231)	13%
Total markets and securities services	$	5,220	$	4,458	$	6,653	$	4,821	$	5,015	4%	(4%)	$	18,614	$	16,489	(11%)
Total revenues, net of interest expense	$	10,353	$	9,279	$	12,220	$	10,387	$	10,786	4%	4%	$	34,974	$	33,393	(5%)

Taxable-equivalent adjustments⁽²⁾	$	104	$	137	$	99	$	166	$	90	(46%)	(13%)	$	278	$	355	28%

Total ICG revenues
including taxable-equivalent adjustments⁽²⁾	$	10,457	$	9,416	$	12,319	$	10,553	$	10,876	3%	4%	$	35,252	$	33,748	(4%)

Commissions and fees	$	159	$	175	$	200	$	182	$	198	9%	25%	$	502	$	580	16%
Principal transactions⁽³⁾		2,178		1,782		2,930		1,922		1,519	(21%)	(30%)		9,736		6,371	(35%)
Other		301		107		356		156		404	NM	34%		472		916	94%
Total non-interest revenue	$	2,638	$	2,064	$	3,486	$	2,260	$	2,121	(6%)	(20%)	$	10,710	$	7,867	(27%)
Net interest revenue		1,150		1,023		1,064		951		1,061	12%	(8%)		3,459		3,076	(11%)
Total fixed income markets	$	3,788	$	3,087	$	4,550	$	3,211	$	3,182	(1%)	(16%)	$	14,169	$	10,943	(23%)

Rates and currencies	$	2,520	$	2,009	$	3,039	$	1,993	$	2,124	7%	(16%)	$	10,136	$	7,156	(29%)
Spread products / other fixed income		1,268		1,078		1,511		1,218		1,058	(13%)	(17%)		4,033		3,787	(6%)
Total fixed income markets	$	3,788	$	3,087	$	4,550	$	3,211	$	3,182	(1%)	(16%)	$	14,169	$	10,943	(23%)

Commissions and fees	$	279	$	299	$	392	$	298	$	276	(7%)	(1%)	$	946	$	966	2%
Principal transactions⁽³⁾		344		189		835		222		688	NM	100%		1,311		1,745	33%
Other		48		45		32		87		38	(56%)	(21%)		58		157	NM
Total non-interest revenue	$	671	$	533	$	1,259	$	607	$	1,002	65%	49%	$	2,315	$	2,868	24%
Net interest revenue		204		277		217		451		224	(50%)	10%		499		892	79%
Total equity markets	$	875	$	810	$	1,476	$	1,058	$	1,226	16%	40%	$	2,814	$	3,760	34%

(1)

Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives partially offset by the mark-to-market on the loans in the portfolio that are at fair value. Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio. The fixed premium costs of these hedges are netted against the private bank and corporate lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2)	Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

(3)	Excludes principal transactions revenues of ICG businesses other than Markets, primarily treasury and trade solutions and the private bank.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 16

CORPORATE / OTHER⁽¹⁾⁽²⁾

(In millions of dollars, except as otherwise noted)

											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Net interest revenue	$	(231)	$	(218)	$	61	$	128	$	252	97%	NM	$	68	$	441	NM
Non-interest revenue		7		133		9		139		(144)	NM	NM		71		4	(94%)
Total revenues, net of interest expense		(224)		(85)		70		267		108	(60%)	NM		139		445	NM
Total operating expenses		819		464		365		378		519	37%	(37%)		1,442		1,262	(12%)
Net credit losses		(5)		(10)		(18)		(22)		(23)	(5%)	NM		(12)		(63)	NM
Credit reserve build / (release)		(128)		(35)		(109)		(99)		(53)	46%	59%		223		(261)	NM
Provisions for benefits and claims, HTM debt securities and other assets		1		(1)		20		3		(4)	NM	NM		2		19	NM
Provision for unfunded lending commitments		(4)		4		(5)		(3)		(1)	67%	75%		7		(9)	NM
Total provisions for credit losses and for benefits and claims		(136)		(42)		(112)		(121)		(81)	33%	40%		220		(314)	NM
Income from continuing operations before taxes		(907)		(507)		(183)		10		(330)	NM	64%		(1,523)		(503)	67%
Income taxes (benefits)⁽³⁾		(307)		(300)		(51)		(522)		(222)	57%	28%		(621)		(795)	(28%)
Income (loss) from continuing operations		(600)		(207)		(132)		532		(108)	NM	82%		(902)		292	NM
Income (loss) from discontinued operations, net of taxes		(7)		6		(2)		10		(1)	NM	86%		(26)		7	NM
Noncontrolling interests		—		1		(1)		—		2	NM	NM		(7)		1	NM
Net income (loss)	$	(607)	$	(202)	$	(133)	$	542	$	(111)	NM	82%	$	(921)	$	298	NM
EOP assets (in billions)	$	96	$	96	$	99	$	101	$	100	(1%)	4%
Average assets (in billions)		94		96		91		99		96	(3%)	2%	$	94		$95	1%
Return on average assets		(2.57%)		(0.84%)		(0.59%)		2.20%		(0.46%)				(1.31%)		0.42%


Consumer - North America⁽⁴⁾ - Key Indicators

Average loans (in billions)	$	8.2	$	7.4	$	6.4	$	5.8	$	4.7	(19%)	(43%)	$	8.8	$	5.6
EOP loans (in billions)		7.7		6.6		6.1		5.0		4.3	(14%)	(44%)
Net interest revenue		54		42		34		29		15	(48%)	(72%)
As a % of average loans		2.62%		2.26%		2.15%		2.01%		1.27%
Net credit losses (recoveries)	$	(4)	$	(10)	$	(18)	$	(22)	$	(22)	-	NM	$	(9)	$	(62)
As a % of average loans		(0.19%)		(0.54%)		(1.14%)		(1.52%)		(1.86%)				-0.10%		-1.11%
Loans 90+ days past due⁽⁵⁾	$	278	$	313	$	277	$	259	$	221	(15%)	(21%)
As a % of EOP loans		3.86%		5.13%		4.86%		5.51%		5.67%
Loans 30-89 days past due⁽⁵⁾	$	198	$	179	$	138	$	111	$	99	(11%)	(50%)
As a % of EOP loans		2.75%		2.93%		2.42%		2.36%		2.54%

(1)

Includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance), other corporate expenses and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury, certain North America legacy consumer loan portfolios, other legacy assets and discontinued operations.

(2)	See footnote 2 on page 5.

(3)	2Q21 includes an approximate $450 million benefit from a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(4)	Results and amounts primarily relate to consumer mortgages.

(5)

The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $172 million and ($0.5 billion), $183 million and ($0.5 billion), $169 million and ($0.4 billion), $125 million and ($0.3 billion), and $138 million and ($0.4 billion) as of September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $66 million and ($0.5 billion), $73 million and ($0.5 billion), $55 million and ($0.4 billion), $48 million and ($0.3 billion), and $42 million and ($0.4 billion) as of September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 17

AVERAGE BALANCES AND INTEREST RATES^{(1)(2)(3)(4)(5)}

Taxable Equivalent Basis


	Average Volumes						Interest						% Average Rate ⁽⁴⁾
	Third		Second		Third		Third		Second		Third		Third		Second		Third
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2020		2021		2021⁽⁵⁾		2020		2021		2021⁽⁵⁾		2020		2021		2021⁽⁵⁾
Assets
Deposits with banks	$	307,845	$	296,445	$	294,160	$	116	$	126	$	147	0.15%		0.17%		0.20%
Securities borrowed and purchased under resale agreements⁽⁶⁾		294,949		319,821		323,183		352		205		264	0.47%		0.26%		0.32%
Trading account assets⁽⁷⁾		285,033		302,141		288,642		1,458		1,472		1,285	2.03%		1.95%		1.77%
Investments		438,786		484,238		498,112		1,902		1,844		1,907	1.72%		1.53%		1.52%
Total loans (net of unearned income)⁽⁸⁾		677,200		670,280		668,487		9,446		8,756		8,897	5.55%		5.24%		5.28%
Other interest-earning assets		63,577		69,691		71,193		99		111		196	0.62%		0.64%		1.09%
Total average interest-earning assets	$	2,067,390	$	2,142,616	$	2,143,777	$	13,373	$	12,514	$	12,696	2.57%		2.34%		2.35%

Liabilities
Deposits (excluding deposit insurance and FDIC assessment)	$	1,059,300	$	1,075,130	$	1,097,790	$	918	$	676	$	730	0.34%		0.25%		0.26%
Deposit insurance and FDIC assessment		-		-		-		375		279		293
Total deposits		1,059,300		1,075,130		1,097,790		1,293		955		1,023	0.49%		0.36%		0.37%
Securities loaned and sold under repurchase agreements⁽⁶⁾		216,556		236,639		228,947		292		260		287	0.54%		0.44%		0.50%
Trading account liabilities⁽⁷⁾		88,597		122,138		108,703		123		150		106	0.55%		0.49%		0.39%
Short-term borrowings		95,471		93,682		92,716		88		31		8	0.37%		0.13%		0.03%
Long-term debt⁽⁹⁾		226,233		195,364		185,784		1,025		868		828	1.80%		1.78%		1.77%
Total average interest-bearing liabilities	$	1,686,157	$	1,722,953	$	1,713,940	$	2,821	$	2,264	$	2,252	0.67%		0.53%		0.52%
Total average interest-bearing liabilities
(Excluding deposit insurance and FDIC assessment)	$	1,686,157	$	1,722,953	$	1,713,940	$	2,446	$	1,985	$	1,959	0.58%		0.46%		0.45%


Net interest revenue as a % of average interest-earning assets (NIM)							$	10,552	$	10,250	$	10,444	2.03%		1.92%		1.93%

NIR as a % of average interest-earning assets (NIM) (excluding deposit insurance and FDIC assessment)							$	10,927	$	10,529	$	10,737	2.10%		1.97%		1.99%

3Q21 increase (decrease) from:													(10)	bps	1	bps


3Q21 increase (decrease) (excluding deposit insurance and FDIC assessment) from:													(11)	bps	2	bps

(1)	Interest revenue and Net interest revenue include the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $59 million for 3Q20, $51 million for 2Q21 and $46 million for 3Q21.

(2)	Citigroup average balances and interest rates include both domestic and international operations.

(3)	Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4)	Average rate percentage is calculated as annualized interest over average volumes.

(5)	Third quarter of 2021 is preliminary.

(6)	Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

(7)	Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8)	Nonperforming loans are included in the average loan balances.

(9)	Excludes hybrid financial instruments with changes in fair value recorded in Principal transactions.

Reclassified to conform to the current period's presentation.

Page 18

DEPOSITS

(In billions of dollars)


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Global Consumer Banking
North America	$	186.0	$	194.8	$	204.0	$	205.5	$	211.4	3%	14%
Latin America		22.2		25.8		24.0		24.2		23.3	(4%)	5%
Asia⁽¹⁾		117.4		123.9		125.3		126.1		119.7	(5%)	2%
Total		325.6		344.5		353.3		355.8		354.4	-	9%

ICG
North America		475.7		472.2		470.1		471.4		504.9	7%	6%
EMEA		218.3		217.9		232.1		231.9		229.0	(1%)	5%
Latin America		43.3		44.2		45.2		45.5		47.0	3%	9%
Asia		187.5		190.0		190.9		197.8		205.3	4%	9%
Total		924.8		924.3		938.3		946.6		986.2	4%	7%

Corporate/Other		12.2		11.9		9.4		7.9		6.9	(13%)	(43%)

Total deposits - EOP	$	1,262.6	$	1,280.7	$	1,301.0	$	1,310.3	$	1,347.5	3%	7%

Total deposits - average	$	1,267.8	$	1,305.3	$	1,304.0	$	1,321.3	$	1,343.0	2%	6%

Foreign currency (FX) translation impact
Total EOP deposits - as reported	$	1,262.6	$	1,280.7	$	1,301.0	$	1,310.3	$	1,347.5	3%	7%
Impact of FX translation⁽²⁾		4.3		(14.5)		(5.1)		(9.3)		-
Total EOP deposits - Ex-FX⁽²⁾	$	1,266.9	$	1,266.2	$	1,295.9	$	1,301.0	$	1,347.5	4%	6%

(1)	Asia GCB includes deposits of certain EMEA countries for all periods presented.

(2)	Reflects the impact of FX translation into U.S. dollars at the third quarter of 2021 exchange rates for all periods presented.

Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period's presentation.

Page 19

EOP LOANS

(In billions of dollars)


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Global Consumer Banking

North America
Credit cards	$	125.5	$	130.4	$	121.0	$	124.8	$	125.5	1%	-
Retail banking		53.1		52.7		50.9		49.7		48.8	(2%)	(8%)
Total	$	178.6	$	183.1		171.9		174.5	$	174.3	-	(2%)

Latin America
Credit cards	$	4.3	$	4.8		4.3		4.4	$	4.3	(2%)	-
Retail banking		9.2		9.8		9.1		9.1		8.7	(4%)	(5%)
Total	$	13.5	$	14.6		13.4		13.5	$	13.0	(4%)	(4%)

Asia⁽¹⁾
Credit cards	$	16.8	$	17.9		16.8		16.4	$	13.5	(18%)	(20%)
Retail banking		63.5		66.5		65.8		66.5		59.3	(11%)	(7%)
Total	$	80.3	$	84.4		82.6		82.9	$	72.8	(12%)	(9%)

Total GCB consumer loans
Credit cards	$	146.6	$	153.1		142.1		145.6	$	143.3	(2%)	(2%)
Retail banking		125.8		129.0		125.8		125.3		116.8	(7%)	(7%)
Total GCB	$	272.4	$	282.1		267.9		270.9	$	260.1	(4%)	(5%)

Total Corporate/Other - consumer		7.6		6.7		6.1		5.0		4.2	(16%)	(45%)
Total consumer loans	$	280.0	$	288.8	$	274.0	$	275.9	$	264.3	(4%)	(6%)

Corporate loans - by region
North America	$	195.0	$	197.2	$	199.3	$	203.8	$	204.5	-	5%
EMEA		86.4		87.9		88.9		90.2		90.3	-	5%
Latin America		36.6		33.4		31.7		32.7		31.5	(4%)	(14%)
Asia		68.9		68.5		72.1		74.2		74.2	-	8%
Total corporate loans	$	386.9	$	387.0		392.0	$	400.9	$	400.5	-	4%

Corporate loans - by product
Corporate lending	$	150.9	$	138.8		134.8		128.6	$	127.6	(1%)	(15%)
Private bank		111.5		117.5		121.3		126.7		123.5	(3%)	11%
Treasury and trade solutions		68.2		71.4		70.8		75.6		78.5	4%	15%
Markets and securities services		56.3		59.3		65.1		70.0		70.9	1%	26%
Total corporate loans	$	386.9	$	387.0		392.0		400.9	$	400.5	-	4%

Total loans	$	666.9	$	675.9	$	666.0	$	676.8	$	664.8	(2%)	-

Foreign currency (FX) translation impact
Total EOP loans - as reported	$	666.9	$	675.9	$	666.0	$	676.8	$	664.8	(2%)	-
Impact of FX translation⁽²⁾		2.9		(7.6)		(2.9)		(4.8)		-
Total EOP loans - Ex-FX⁽²⁾	$	669.8	$	668.3	$	663.1	$	672.0	$	664.8	(1%)	(1%)

(1)	Asia GCB includes loans of certain EMEA countries for all periods presented.

(2)	Reflects the impact of FX translation into U.S. dollars at the third quarter of 2021 exchange rates for all periods presented.

Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period's presentation.

Page 20

CONSUMER LOANS 90+ DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions)


	Loans 90+ Days Past Due⁽¹⁾										EOP Loans
	3Q		4Q		1Q		2Q		3Q		3Q
	2020		2020		2021		2021		2021		2021

Global Consumer Banking⁽²⁾
Total	$	1,976	$	2,507	$	2,175	$	1,790	$	1,488	$	260.1
Ratio		0.73%		0.89%		0.81%		0.66%		0.57%

Retail banking⁽²⁾
Total	$	497	$	632	$	598	$	560	$	479	$	116.8
Ratio		0.40%		0.49%		0.48%		0.45%		0.41%
North America⁽²⁾	$	211	$	299	$	263	$	236	$	221	$	48.8
Ratio		0.40%		0.58%		0.52%		0.48%		0.46%
Latin America	$	105	$	130	$	142	$	127	$	117	$	8.7
Ratio		1.14%		1.33%		1.56%		1.40%		1.34%
Asia⁽³⁾⁽⁴⁾	$	181	$	203	$	193	$	197	$	141	$	59.3
Ratio		0.29%		0.31%		0.29%		0.30%		0.24%

Cards
Total	$	1,479	$	1,875	$	1,577	$	1,230	$	1,009	$	143.3
Ratio		1.01%		1.22%		1.11%		0.84%		0.70%
North America - Citi-branded⁽⁵⁾	$	574	$	686	$	590	$	457	$	362	$	82.8
Ratio		0.71%		0.82%		0.75%		0.56%		0.44%
North America - retail services⁽⁵⁾	$	557	$	644	$	591	$	463	$	421	$	42.7
Ratio		1.25%		1.39%		1.39%		1.08%		0.99%
Latin America⁽⁵⁾	$	106	$	233	$	173	$	122	$	81	$	4.3
Ratio		2.47%		4.85%		4.02%		2.77%		1.88%
Asia⁽³⁾⁽⁴⁾	$	242	$	312	$	223	$	188	$	145	$	13.5
Ratio		1.44%		1.74%		1.33%		1.15%		1.07%

Corporate/Other - consumer⁽²⁾	$	278	$	313	$	277	$	259	$	221	$	4.2
Ratio		3.86%		5.13%		4.86%		5.51%		5.67%

Total Citigroup⁽²⁾	$	2,254	$	2,820	$	2,452	$	2,049	$	1,709	$	264.3
Ratio		0.81%		0.98%		0.90%		0.75%		0.65%

(1)	The ratio of 90+ days past due is calculated based on end-of-period loans, net of unearned income.

(2)

The 90+ days past due and related ratios for North America retail banking and Corporate/Other North America exclude U.S. loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 17.

(3)	Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4)	Asia delinquency amounts reflect the reclass of loans to Other assets beginning in 3Q21 related to the announced sale of Citi’s consumer banking operations in Australia.

(5)	The decrease in loans 90+ days past due in North America and Latin America cards as of September 30, 2020, includes the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 21

CONSUMER LOANS 30-89 DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions)


		Loans 30-89 Days Past Due⁽¹⁾									EOP Loans
	3Q		4Q		1Q		2Q		3Q		3Q
	2020		2020		2021		2021		2021		2021

Global Consumer Banking⁽²⁾
Total	$	2,398	$	2,517	$	2,003	$	1,761	$	1,668	$	260.1
Ratio		0.88%		0.89%		0.75%		0.65%		0.64%

Retail banking⁽²⁾
Total	$	786	$	860	$	662	$	687	$	589	$	116.8
Ratio		0.63%		0.67%		0.53%		0.55%		0.51%
North America⁽²⁾	$	378	$	328	$	220	$	268	$	250	$	48.8
Ratio		0.72%		0.63%		0.44%		0.55%		0.52%
Latin America	$	136	$	220	$	164	$	134	$	122	$	8.7
Ratio		1.48%		2.24%		1.80%		1.47%		1.40%
Asia⁽³⁾⁽⁴⁾	$	272	$	312	$	278	$	285	$	217	$	59.3
Ratio		0.43%		0.47%		0.42%		0.43%		0.37%

Cards
Total	$	1,612	$	1,657	$	1,341	$	1,074	$	1,079	$	143.3
Ratio		1.10%		1.08%		0.94%		0.74%		0.75%
North America - Citi-branded⁽³⁾	$	624	$	589	$	484	$	355	$	375	$	82.8
Ratio		0.77%		0.70%		0.62%		0.43%		0.45%
North America - retail services⁽³⁾	$	610	$	639	$	513	$	415	$	471	$	42.7
Ratio		1.37%		1.38%		1.21%		0.97%		1.10%
Latin America⁽³⁾	$	89	$	170	$	115	$	82	$	68	$	4.3
Ratio		2.07%		3.54%		2.67%		1.86%		1.58%
Asia⁽⁴⁾⁽⁵⁾	$	289	$	259	$	229	$	222	$	165	$	13.5
Ratio		1.72%		1.45%		1.36%		1.35%		1.22%

Corporate/Other - consumer⁽²⁾	$	198	$	179	$	138	$	111	$	99	$	4.2
Ratio		2.75%		2.93%		2.42%		2.36%		2.54%

Total Citigroup⁽²⁾	$	2,596	$	2,696	$	2,141	$	1,872	$	1,767	$	264.3
Ratio		0.93%		0.94%		0.78%		0.68%		0.67%

(1)	The ratio of 30-89 days past due is calculated based on end-of-period loans, net of unearned income.

(2)

The 30-89 days past due and related ratios for North America retail banking and Corporate/Other North America exclude U.S. loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 17.

(3)	Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4)	Asia delinquency amounts reflect the reclass of loans to Other assets beginning in 3Q21 related to the announced sale of Citi's consumer banking operations in Australia.

(5)	The decrease in loans 30-89 days past due in North America and Latin America cards beginning at June 30, 2020, includes the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 22

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 1

(In millions of dollars)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)
Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	26,298	$	26,426	$	24,956	$	21,638	$	19,238			$	12,783	$	24,956
Adjustments to opening balance
Financial instruments—credit losses (CECL)⁽¹⁾		-		-		-		-		-				4,201		-
Variable post-charge-off third-party collection costs⁽²⁾		-		-		-		-		-				(443)		-
Adjusted ACLL at beginning of period		26,298		26,426		24,956		21,638		19,238	(11%)	(27%)		16,541		24,956	51%
Gross credit (losses) on loans		(2,367)		(1,889)		(2,208)		(1,844)		(1,389)	25%	41%		(7,374)		(5,441)	26%
Gross recoveries on loans		448		417		460		524		428	(18%)	(4%)		1,235		1,412	14%
Net credit (losses) / recoveries on loans (NCLs)		(1,919)		(1,472)		(1,748)		(1,320)		(961)	(27%)	(50%)		(6,139)		(4,029)	(34%)
Replenishment of NCLs		1,919		1,472		1,748		1,320		961	(27%)	(50%)		6,139		4,029	(34%)
Net reserve builds / (releases) for loans		164		(1,818)		(3,068)		(2,184)		(1,010)	54%	NM		9,453		(6,262)	NM
Net specific reserve builds / (releases) for loans		(152)		(30)		(159)		(262)		(139)	47%	9%		706		(560)	NM
Provision for credit losses on loans (PCLL)		1,931		(376)		(1,479)		(1,126)		(188)	83%	NM		16,298		(2,793)	NM
Other, net^{(3)(4)(5)(6)(7)(8)}		116		378		(91)		46		(374)	NM	NM		(274)		(419)
ACLL at end of period (a)	$	26,426	$	24,956	$	21,638	$	19,238	$	17,715			$	26,426	$	17,715

Allowance for credit losses on unfunded lending commitments (ACLUC)⁽⁹⁾ (a)	$	2,299	$	2,655	$	2,012	$	2,073	$	2,063			$	2,299	$	2,063

Provision (release) for credit losses on unfunded lending commitments	$	424	$	352	$	(626)	$	44	$	(13)			$	1,094	$	(595)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]	$	28,725	$	27,611	$	23,650	$	21,311	$	19,778			$	28,725	$	19,778

Total ACLL as a percentage of total loans⁽¹⁰⁾		4.00%		3.73%		3.29%		2.88%		2.69%

Consumer
ACLL at beginning of period	$	19,474	$	19,488	$	19,554	$	17,554	$	16,111			$	9,897	$	19,554
Adjustments to opening balance
Financial instruments—credit losses (CECL)⁽¹⁾		-		-		-		-		-				4,922		-
Variable post-charge-off third-party collection costs⁽²⁾		-		-		-		-		-				(443)		-
Adjusted ACLL at beginning of period		19,474		19,488		19,554		17,554		16,111	(8%)	(17%)		14,376		19,554	36%

NCLs		(1,594)		(1,262)		(1,562)		(1,231)		(922)	(25%)	(42%)		(5,363)		(3,715)	(31%)
Replenishment of NCLs		1,594		1,262		1,562		1,231		922	(25%)	(42%)		5,363		3,715	(31%)
Net reserve builds / (releases) for loans		(103)		(289)		(1,795)		(1,364)		(966)	29%	NM		5,035		(4,125)	NM
Net specific reserve builds / (releases) for loans		9		61		(121)		(132)		(118)	11%	NM		333		(371)	NM
Provision for credit losses on loans (PCLL)		1,500		1,034		(354)		(265)		(162)	39%	NM		10,731		(781)	NM
Other, net ^{(3)(4)(5)(6)(7)(8)}		108		294		(84)		53		(359)	NM	NM		(256)		(390)	(52%)
ACLL at end of period (b)	$	19,488	$	19,554	$	17,554	$	16,111	$	14,668			$	19,488	$	14,668

Consumer ACLUC⁽⁹⁾ (b)	$	-	$	1	$	1	$	2	$	3			$	-	$	3

Provision (release) for credit losses on unfunded lending commitments	$	5	$	1	$	-	$	1	$	1			$	4	$	2

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]	$	19,488	$	19,555	$	17,555	$	16,113	$	14,671			$	19,488	$	14,671

Consumer ACLL as a percentage of total consumer loans		6.96%		6.77%		6.41%		5.84%		5.55%

Corporate
ACLL at beginning of period	$	6,824	$	6,938	$	5,402	$	4,084	$	3,127			$	2,886	$	5,402
Adjustment to opening balance for CECL adoption⁽¹⁾		-		-		-		-		-				(721)		-
Adjusted ACLL at beginning of period		6,824		6,938		5,402		4,084		3,127	(23%)	(54%)		2,165		5,402	NM

NCLs		(325)		(210)		(186)		(89)		(39)	(56%)	(88%)		(776)		(314)	(60%)
Replenishment of NCLs		325		210		186		89		39	(56%)	(88%)		776		314	(60%)
Net reserve builds / (releases) for loans		267		(1,529)		(1,273)		(820)		(44)	95%	NM		4,418		(2,137)	NM
Net specific reserve builds / (releases) for loans		(161)		(91)		(38)		(130)		(21)	84%	87%		373		(189)	NM
Provision for credit losses on loans (PCLL)		431		(1,410)		(1,125)		(861)		(26)	97%	NM		5,567		(2,012)	NM
Other, net⁽³⁾		8		84		(7)		(7)		(15)				(18)		(29)
ACLL at end of period (c)	$	6,938	$	5,402	$	4,084	$	3,127	$	3,047			$	6,938	$	3,047

Corporate ACLUC ⁽⁹⁾ (c)	$	2,299	$	2,654	$	2,011	$	2,071	$	2,060			$	2,299	$	2,060

Provision (release) for credit losses on unfunded lending commitments	$	419	$	351	$	(626)	$	43	$	(14)			$	1,090	$	(597)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]	$	9,237	$	8,056	$	6,095	$	5,198	$	5,107			$	9,237	$	5,107

Corporate ACLL as a percentage of total corporate loans⁽¹⁰⁾		1.82%		1.42%		1.06%		0.80%		0.77%

Footnotes to this table are on the following page (page 24).

Page 23

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 2

The following footnotes relate to the table on the preceding page (page 23):

(1)

On January 1, 2020, Citi adopted Accounting Standards Update (ASU) No. 2016-13, Financial Instruments – Credit Losses (CECL) (Topic 326). The ASU introduces a new credit loss methodology requiring earlier recognition of credit losses while also providing additional transparency about credit risk. On January 1, 2020, Citi recorded a $4.1 billion, or an approximate 29%, pretax increase in the Allowance for credit losses, along with a $3.1 billion after-tax decrease in Retained earnings and a deferred tax asset increase of $1.0 billion. This transition impact reflects (i) a $4.9 billion build to the Allowance for credit losses for Citi's consumer exposures, primarily driven by the impact on credit card receivables of longer estimated tenors under the CECL lifetime expected credit loss methodology compared to shorter estimated tenors under the probable loss methodology under prior U.S. GAAP, net of recoveries; and (ii) a release of $0.8 billion of reserves related to Citi's corporate net loan loss exposures, largely due to more precise contractual maturities that result in shorter remaining tenors, incorporation of recoveries and use of more specific historical loss data based on an increase in portfolio segmentation across industries and geographies.

Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb losses in the portfolios.

The balances on page 23 do not include approximately $0.1 billion of allowance for HTM debt securities and other assets at September 30, 2021.

(2)	See footnote 1 on page 1.

(3)	Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(4)	3Q20 consumer includes an increase of approximately $108 million related to FX translation. The corporate allowance is predominantly sourced in U.S. dollars.

(5)	4Q20 consumer includes an increase of approximately $292 million related to FX translation.

(6)	1Q21 consumer includes a decrease of approximately $84 million related to FX translation.

(7)	2Q21 consumer includes an increase of approximately $53 million related to FX translation.

(8)	3Q21 includes an approximate $280 million reclass related to the announced sale of Citi's consumer banking operations in Australia. The ACLL was reclassified to Other assets during 3Q21. 3Q21 consumer also includes a decrease of approximately $80 million related to FX translation.

(9)	Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(10)	September 30, 2020, December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021 exclude $5.5 billion, $7.1 billion,$7.5 billion, $7.7 billion and 7.2 billion, respectively, of loans that are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 24

COMPONENTS OF PROVISION FOR CREDIT LOSSES ON LOANS

(In millions of dollars)


											3Q21 Increase/		YTD		YTD		YTD 2021 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from		Year		Year		YTD 2020 Increase/
	2020⁽¹⁾		2020		2021		2021		2021		2Q21	3Q20	2020		2021		(Decrease)

Global Consumer Banking
Net credit losses	$	1,598	$	1,272	$	1,580	$	1,253	$	944	(25%)	(41%)	$	5,374	$	3,777	(30%)
Credit reserve build / (release)		34		(193)		(1,806)		(1,398)		(1,031)	26%	NM		5,144		(4,235)	NM
North America
Net credit losses		1,182		870		950		817		617	(24%)	(48%)		4,120		2,384	(42%)
Credit reserve build / (release)		(10)		(85)		(1,417)		(915)		(809)	12%	NM		4,200		(3,141)	NM
Retail Banking
Net credit losses		31		31		26		24		22	(8%)	(29%)		101		72	(29%)
Credit reserve build / (release)		(17)		(38)		(117)		(75)		(45)	40%	NM		340		(237)	NM
Citi-Branded Cards
Net credit losses		647		500		551		467		357	(24%)	(45%)		2,208		1,375	(38%)
Credit reserve build / (release)		49		(39)		(699)		(564)		(259)	54%	NM		2,646		(1,522)	NM
Citi Retail Services
Net credit losses		504		339		373		326		238	(27%)	(53%)		1,811		937	(48%)
Credit reserve build / (release)		(42)		(8)		(601)		(276)		(505)	(83%)	NM		1,214		(1,382)	NM
Latin America
Net credit losses		228		162		365		250		175	(30%)	(23%)		704		790	12%
Credit reserve build / (release)		(66)		(83)		(163)		(423)		(178)	58%	NM		399		(764)	NM
Retail Banking
Net credit losses		90		68		168		99		77	(22%)	(14%)		309		344	11%
Credit reserve build / (release)		(41)		(73)		(106)		(198)		(74)	63%	(80%)		210		(378)	NM
Citi-Branded Cards
Net credit losses		138		94		197		151		98	(35%)	(29%)		395		446	13%
Credit reserve build / (release)		(25)		(10)		(57)		(225)		(104)	54%	NM		189		(386)	NM
Asia⁽²⁾
Net credit losses		188		240		265		186		152	(18%)	(19%)		550		603	10%
Credit reserve build / (release)		110		(25)		(226)		(60)		(44)	27%	NM		545		(330)	NM
Retail Banking
Net credit losses		69		86		80		70		62	(11%)	(10%)		210		212	1%
Credit reserve build / (release)		37		(4)		(60)		(20)		(5)	75%	NM		214		(85)	NM
Citi-Branded Cards
Net credit losses		119		154		185		116		90	(22%)	(24%)		340		391	15%
Credit reserve build / (release)		73		(21)		(166)		(40)		(39)	3%	NM		331		(245)	NM

Institutional Clients Group
Net credit losses		326		210		186		89		40	(55%)	(88%)		777		315	(59%)
Credit reserve build / (release)		106		(1,620)		(1,312)		(949)		(65)	93%	NM		4,792		(2,326)	NM

Corporate / Other
Net credit losses		(5)		(10)		(18)		(22)		(23)	(5%)	NM		(12)		(63)	NM
Credit reserve build / (release)		(128)		(35)		(109)		(99)		(53)	46%	59%		223		(261)	NM

Total provision for credit losses on loans	$	1,931	$	(376)	$	(1,479)	$	(1,126)	$	(188)	83%	NM	$	16,298	$	(2,793)	NM

(1)	See footnote 1 on page 1.

(2)	Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 25

NON-ACCRUAL ASSETS

(In millions of dollars)


											3Q21 Increase/
	3Q		4Q		1Q		2Q		3Q		(Decrease) from
	2020		2020		2021		2021		2021		2Q21	3Q20

Non-accrual loans⁽¹⁾
Corporate non-accrual loans by region
North America	$	2,018	$	1,928	$	1,566	$	1,154	$	1,166	1%	(42%)
EMEA		720		661		591		480		444	(8%)	(38%)
Latin America		609		719		739		767		679	(11%)	11%
Asia		237		219		210		175		111	(37%)	(53%)
Total	$	3,584	$	3,527	$	3,106	$	2,576	$	2,400	(7%)	(33%)

Consumer non-accrual loans by region⁽¹⁾
North America	$	934	$	1,059	$	961	$	879	$	772	(12%)	(17%)
Latin America		493		774		720		612		549	(10%)	11%
Asia⁽²⁾		263		308		303		315		268	(15%)	2%
Total	$	1,690	$	2,141	$	1,984	$	1,806	$	1,589	(12%)	(6%)

Other real estate owned (OREO)⁽³⁾
Institutional Clients Group	$	13	$	11	$	10	$	6	$	4	(33%)	(69%)
Global Consumer Banking		11		10		13		7		7	-	(36%)
Corporate/Other		18		22		20		20		10	(50%)	(44%)
Total	$	42	$	43	$	43	$	33	$	21	(36%)	(50%)

OREO by region
North America	$	22	$	19	$	14	$	12	$	10	(17%)	(55%)
EMEA		-		-		-		-		-	-	-
Latin America		8		7		10		11		10	(9%)	25%
Asia		12		17		19		10		1	(90%)	(92%)
Total	$	42	$	43	$	43	$	33	$	21	(36%)	(50%)

Non-accrual assets (NAA)⁽⁴⁾
Corporate non-accrual loans	$	3,584	$	3,527	$	3,106	$	2,576	$	2,400	(7%)	(33%)
Consumer non-accrual loans		1,690		2,141		1,984		1,806		1,589	(12%)	(6%)
Non-accrual loans (NAL)		5,274		5,668		5,090		4,382		3,989	(9%)	(24%)
OREO		42		43		43		33		21	(36%)	(50%)
Non-Accrual Assets (NAA)	$	5,316	$	5,711	$	5,133	$	4,415	$	4,010	(9%)	(25%)

NAL as a percentage of total loans		0.79%		0.84%		0.76%		0.65%		0.60%
NAA as a percentage of total assets		0.24%		0.25%		0.22%		0.19%		0.17%

Allowance for loan losses as a percentage of NAL		501%		440%		425%		439%		444%

(1)

Corporate loans are placed on non-accrual status based upon a review by Citigroup's risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for consumer loans: consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans. The balances above represent non-accrual loans within Consumer Loans and Corporate Loans on the Consolidated Balance Sheet.

(2)	Asia GCB includes balances for certain EMEA countries for all periods presented.

(3)	Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

(4)	There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 26

CITIGROUP

CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER

SHARE AND TANGIBLE BOOK VALUE PER SHARE

(In millions of dollars or shares, except per share amounts and ratios)


	September 30,		December 31,		March 31,		June 30,		September 30,
Common Equity Tier 1 Capital Ratio and Components⁽¹⁾	2020⁽²⁾		2020		2021		2021		2021⁽³⁾⁽⁴⁾
Citigroup common stockholders' equity⁽⁵⁾	$	176,047	$	180,118	$	182,402	$	184,289	$	183,005
Add: qualifying noncontrolling interests		141		141		132		138		136
Regulatory capital adjustments and deductions:
Add:
CECL transition and 25% provision deferral⁽⁶⁾		5,638		5,348		4,359		3,774		3,389
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax		1,859		1,593		1,037		864		663
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax		29		(1,109)		(1,172)		(1,258)		(1,317)
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁷⁾		20,522		21,124		20,854		20,999		20,689
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs		4,248		4,166		4,054		3,986		3,899
Defined benefit pension plan net assets; other		949		921		1,485		2,040		2,070
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards		12,061		11,638		11,691		11,192		10,897
Common Equity Tier 1 Capital (CET1)	$	142,158	$	147,274	$	148,944	$	150,378	$	149,629
Risk-Weighted Assets (RWA)⁽⁶⁾	$	1,219,054	$	1,255,284	$	1,263,926	$	1,271,046	$	1,282,218
Common Equity Tier 1 Capital ratio (CET1/RWA)		11.66%		11.73%		11.78%		11.83%		11.7%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)⁽⁶⁾	$	142,158	$	147,274	$	148,944	$	150,378	$	149,629
Additional Tier 1 Capital (AT1)⁽⁸⁾		18,153		19,779		21,540		19,258		19,269
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	160,311	$	167,053	$	170,484	$	169,636	$	168,898
Total Leverage Exposure (TLE)⁽⁶⁾⁽⁹⁾	$	2,349,620	$	2,386,881	$	2,450,412	$	2,903,655	$	2,911,017
Supplementary Leverage ratio (T1C/TLE)		6.82%		7.00%		6.96%		5.84%		5.8%


Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common stockholders' equity	$	175,896	$	179,962	$	182,269	$	184,164	$	182,880
Less:
Goodwill		21,624		22,162		21,905		22,060		21,573
Intangible assets (other than MSRs)		4,470		4,411		4,308		4,268		4,144
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS		-		-		-		-		257
Tangible common equity (TCE)	$	149,802	$	153,389	$	156,056	$	157,836	$	156,906
Common shares outstanding (CSO)		2,082.0		2,082.1		2,067.0		2,026.8		1,984.3
Book value per share (common equity/CSO)	$	84.48	$	86.43	$	88.18	$	90.86	$	92.16
Tangible book value per share (TCE/CSO)	$	71.95	$	73.67	$	75.50	$	77.87	$	79.07

(1)	See footnote 6 on page 1.

(2)	See footnote 1 on page 1.

(3)	Preliminary.

(4)	See footnote 4 on page 3.

(5)	Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(6)	See footnote 7 on page 1.

(7)	Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(8)	Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

(9)	Commencing with the second quarter of 2020 and continuing through the first quarter of 2021, Citigroup's TLE temporarily excluded U.S. Treasuries and deposits at Federal Reserve banks. For additional information, please refer to the "Capital Resources" section of Citigroup's 2020 Form 10-K.

Reclassified to conform to the current period's presentation.

Page 27