Brief introduction of Citigroup central group

Citigroup is a financial services group with the largest assets, the largest profits, the highest global chain and the most comprehensive business types. 1998 was formed by the merger of Citigroup and Traveler Group, and was listed at the same time. After listing, Citigroup raised funds through issuing new shares for stock market acquisition or directional equity replacement, carried out large-scale equity operation and expansion, and carried out Citigroup-style strategic export and global business integration for the acquired enterprises, becoming the first financial group in the United States integrating commercial banks, investment banks, insurance, mutual funds and securities trading. The combined Citigroup has total assets of $700 billion, net income of $50 billion, 654.38 billion customers in 65.438+000 countries and 60 million credit card customers. Thus becoming one of the largest all-round financial groups in the world. In just five years, Citigroup's total assets increased by 765,438+0%, shareholders' equity increased by 92%, and its capital strength continued to improve. The total income increased by 72% and the profit increased by 2.6 times, showing extraordinary profitability; In the case of issuing 1 share (65438+ 0 for every 3 shares) and paying dividends for 22 times (3.82 USD per share), the net value per share doubled and the price doubled. Citigroup stock is a famous blue chip in the New York stock market, and it is also its commercial brand.

As the world's leading financial services company, Citigroup serves about 200 million customers in more than 0/00 countries around the world, including individuals, institutions, enterprises and government departments, providing a wide range of financial products and services, from consumer banking services and credit, corporate and investment banking services to brokerage, insurance and asset management, which is unmatched by any other financial institution. At present, Citigroup mainly owns Citibank, Traveler Life Insurance and Pension Insurance, Smith Barney, Citibank, Banamex and Primerica.

In the ranking of 65,438+0,000 banks in the world by British Banker magazine in 2002, Citigroup ranks first with tier-one capital of 59 billion, total assets of 65,438+009.7 billion and profit of 65.438+52.8 billion dollars, and its profit level accounts for 2.5% of the total profits of 665.438+0,000 banks. The latest annual report of Citigroup shows that in 2003, Citigroup's Tier 1 capital reached 66.9 billion, its total assets reached 654.38+026.4 billion, and its profit reached 654.38+07.85 billion US dollars, up by 6543.8+03.4%, 6543.8+05.2% and 6543.8+06.8% respectively over the previous year.

In the past 10 years, the compound annual growth of Citigroup's share price, profitability and income all reached double digits, and the profit growth was higher than the income growth. What surprised peers in particular was that in a series of major events such as 1998 Asian financial crisis, 200 1 Argentina financial crisis and the war on terrorism, the overall profitability of 1000 big banks decreased by 14.9% and 29.7% respectively, but Citigroup still achieved 3% and 29.7%.

Citigroup is recognized as one of the most successful financial services groups in the world at present, not only because it continues to occupy the leading position among the enterprises with the highest profit and growth rate in the global financial services industry, but also because it is the most global financial services chain company in the world. Citigroup serves more than 200 million customers in more than 65,438+000 countries. Every customer can get all-round financial services such as savings, credit, securities, insurance, trust, fund, financial consultation and asset management at any business outlet of Citigroup. The average number of products per customer ranks first among peers in the world, so Citigroup's customer relationship service network is a valuable resource for Citigroup. Sandy Weil once proudly said: "This network is our only real competitive advantage. No matter where you go in the world, you may find a Citibank institution to serve you. "