Citi loan-loss provisions build to $2.1bn

- By Alessandro Aimone
- @aimoneale
- 15 Jul 2019

Provisions for loan losses (PLLs) at Citi increased $145 million over the three months to end-June, largely fuelled by a ramp-up of reserves held to cover assets originated by the bank’s institutional clients group (ICG).

Total PLLs stood at $2.1 billion for Q2 2019, their highest level since Q4 2017. They are up 7% on Q1 and 16% on the year-ago quarter.

Net credit losses – amounts written-off

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net