Statistics. Louisville, KY 40233-5004 In 2020, in a first-of-its-kind partnership, Citibanamex teamed with PepsiCo Alimentos Mexico and Amigo PAQ to advance financial inclusion by enabling access to digital financial tools and lines of credit for shopkeepers to use the CoDi electronic payment platform, offered by Banco de Mxico, in the Transfer Citibanamex app. But I know there is always more to do. When completed, it will be the largest solar project in the eastern U.S., totaling 485 megawatts of power with alternating current of renewable power. Our Institutional Clients Group performed well, delivering 13% revenue growth, positive operating leverage and 22% operating margin growth for the year. This figure does not represent the actual number of beneficial owners of common stock because shares are frequently held in "street name" by securities dealers and others for the benefit of individual owners who may vote the shares. Citi was named Best Digital Bank in Asia (Euromoney), Best Digital Bank in Mexico (Global Finance) and Bank with the Most Desirable Mobile Banking Digital Money Management Features in the U.S. (Insider Intelligence). Citi was also named Largest Affordable Housing Lender in the country for the 11th year in a row in Affordable Housing Finance magazine's annual survey of affordable housing lenders. As we look forward, were struck by both the daunting nature of the challenge and the increasing prospects for progress. Financial economists study the valuation of these claims, the markets in which they are traded, and their use by individuals, corporations, and the society at large. Weve seen significant progress on net zero commitments, including by Starbucks, Maersk, Cemex, Unilever, Amazon, Apple, Google, and Stripe. Throughout the pandemic, Citi worked tirelessly to ensure that customers and small businesses felt confident that as an essential service, we were available to help them navigate this challenging time. Michael L. Corbat Based on the belief that client experience is the driver of sustainable differentiation, TTS has focused its efforts on transforming its business to deliver a seamless, end-toend client experience through digital capabilities, client advocacy, network management and service delivery across the entire organization. These forward-looking statements reflect CEMEX's current expectations and projections about future events based on CEMEX's knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX's current plans based on such facts and circumstances. In 2020, Citi led, as a bookrunning manager, over half of the record $1.7 trillion investment grade and $435 billion high-yield issuance volume. Highlander Solar is strategically located approximately 50 miles from northern Virginia's Data Center Alley in the Dulles Technology Corridor, home to the world's largest concentration of data centers. In addition, the expanded initiative includes a companywide commitment to provide 10,000 young adults with the opportunity to gain work experience at Citi and engage 10,000 Citi colleagues to volunteer their time and talent to serve as mentors, coaches and role models. An alphabetic list of terms and definitions specific to financial and industry topics. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. In Asia, investment revenues were the highest in a decade, with record net new money driven by steadfast client engagement, remote advisory services and accelerated client adoption of digital platforms throughout the pandemic. In addition to embedding this work across Citi, we're continuing to focus on industry collaboration to adopt new methodologies and analyze the climate risk associated with our client portfolio, such as the Paris Agreement Capital Transition Assessment and the Partnership for Carbon Accounting Financials. Following the market dislocation last spring, Citi was integral in reopening both the debt and equity markets, leading on several large transactions. As part of the program, participants' managers engage in group coaching to help them support their Black direct reports and better understand their experiences. "The Citi Plex Account is designed to give customers an always-on, friction-free, personalized experience at their fingertips.". In Asia, more than 60% of personal loans were made digitally through its Citi Quick Cash, Citi PayLite and Citi Flexibill solutions. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. Looking ahead, we've launched our next set of goals focused on greenhouse gas emissions, energy, water and waste reduction targets and sustainable building solutions. The initiative underscores our determination to mobilize the full power of our business activities to attack the barriers that keep racially diverse communities from building wealth. In September, our team led the initial public offering for the enterprise software company Snowflake, which returned 100% to investors while creating a new $65 billion market cap company. The Joint Bookrunners and Joint Lead Arrangers under the Term Loan are BBVA Mxico, S.A., Institucin de Banca Mltiple, Grupo Financiero BBVA Mxico ("BBVA"), BNP Paribas, Citigroup Global Markets Inc., and Mizuho Bank Ltd., New York Branch. The effort involved thousands of colleagues, from every area of the business, working around the clock to design, build, test, launch, scale and serve to help small businesses that were struggling to stay afloat. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. Prudent decisions we made in the wake of the last crisis have proved their full value in this one. As calls for racial justice intensified across the U.S., Citi launched Action for Racial Equity - a firm-wide commitment that includes more than $1 billion in strategic initiatives to help close the racial wealth gap and increase economic mobility. The Term Loan was issued under CEMEX's Sustainability-linked Financing Framework (the "Framework"), increasing the amount of debt that is linked to the company's Future in Action strategy and its ultimate vision of a carbon-neutral economy. Alfredo Garza / Fabin Orta Amid the pandemic, we launched our 2025 Sustainable Progress Strategy to accelerate our work in addressing the climate crisis, with the ambition to play a leading role in driving the transition to a low-carbon economy. de C.V. ("CEMEX") (NYSE: CX) announced today that it has successfully closed a new 500 million 3-year sustainability-linked term loan (the "Term Loan"), the proceeds of which will be used to repay other debt. CEMEX closes new 500 million unsecured sustainability-linked loan. For our globally minded clients who include multinational companies, emerging market leaders, governments, investors and ultra-high net worth households, we have been helping them contend with volatile markets, reconfigure supply chains, and access short- and long-term liquidity. Citi acted as sole global coordinator and bookrunner on UEP Penonom II's inaugural $262.7 million 144A/Reg S Green Notes offering in December, which refinanced initial construction financing for InterEnergy Group's 215-megawatt UEP Penonom II wind project and its 40-megawatt Tecnisol solar project in Panama. CEMEX has no obligation to update this press release. The partnership is poised to redefine the way in which collections The MarketWatch News Department was not involved in the creation of this content. Sessions this year covered vital topics that include sustainable investing, advances in family healthcare practices, future of energy and the building of resilient families. The field of finance covers the economics of claims on resources. In the U.S., our retail business benefited from exceptionally high mortgage refinancing as homeowners saw opportunities in this ultra-low-rate environment, and we experienced continued momentum in digital deposits. If we fall short, we will take decisive action and learn from our experience. The project is using modular construction, with units being built at Factory_OS in Vallejo, California, a new company in which Citi is an investor. Our unmatched global footprint and innovative product set allow us to deliver responsible, objective advice and provide stellar execution to lead transformation for our clients. Since the onset of COVID-19, we have been continually reminded of the inextricable links between our health, economic success and the environment. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Citi was an early leader, providing significant balance sheet support for clients and guiding issuers that raised record amounts of liquidity from fixed income investors at the peak of the pandemic. Our network-driven strategy allows us to service those clients who value our unmatched country presence and who require a financial services partner that can help them grow in any country where they do business. Through our participation in the Small Business Administration's Paycheck Protection Program, one of the largest federal lending programs in history, we are proud to have served so many of our small business customers where and when they needed it most. Supportive services for the residents include intensive case management with ongoing, consistent tenant engagement that includes individualized health and wellness plans, eviction prevention, crisis intervention and on-site mental health services. Moreover, through our flagship decarbonization program, Future in Action, we seek to lead the way in climate action for the building materials industry.. Web address: www.computershare.com/investor. In 2020, Citi Community Capital, the bank unit through which Citi works to finance all types of affordable housing and community development projects, reported more than $7 billion of lending to finance affordable rental housing projects. Since the onset of COVID-19, the percentage of Retail Bank accounts opened digitally has risen to nearly 60% globally as has the use of mobile check deposits in the U.S. 888 250 3985 Box 505004 Abayomi Ajayi, obstetrician and gynecologist: Access is still the greatest challenge to health care delivery in Africa. In October 2020, in support of U.S.- based suppliers affected by COVID-19, we worked with the U.S. EXIM Bank to create facilities, including the guarantee of a $500 million facility by EXIM that allows Citi to finance accounts receivable from The Boeing Company to its U.S.-based suppliers. The company is driving circular construction as a world leader in recycling to build more with less. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. With a high-quality, highly digitally engaged customer base and one of the most dynamic partner ecosystems in the industry, the franchise is well positioned for where the world is headed. Financial Inclusion and Access to Capital. Diverse slates have been a critical component of our work. In Asia, card spending was down, but we saw strong performance in wealth management, with investment revenues at their highest level in a decade. Our global volumes have seen a growth of more than 70% year-over-year and are rapidly approaching the million daily transaction mark. Citi's digital channels remain pivotal in helping clients with operational resiliency while continuing to operate in remote or continuity-of-business modes. We have defined a new set of ambitions with a 2030 vision that strengthens our commitment to building a better world and helping to alleviate some of the most significant challenges communities face today. Designed to enhance a visitor's connectivity to nature, the Citi Wealth Hub embodies biophilic design and is LEED certified. Markets and Securities Services relies on global breadth and product depth to provide an enhanced client experience. de C.V. Launches Startup Accelerator to Strengthen Its Open Innovation Approach. More than anything, 2020 demonstrated the value of our diversified and durable business model. Further, customers are able to be serviced by their chosen name when they call into customer service and also across online and mobile access points. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico.It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. For example, Citi disbursed a working capital facility to support Gradian Health Systems, a medical technology company that provides critical equipment to underserved hospitals and clinics across Africa. climate change. The Private Bank is dedicated to helping the world's wealthiest individuals, families and law firms protect and responsibly grow their wealth. To tell them, we created a video series with stories that span the country, found on the Citi Blog under "A Moving Year in Moving Pictures: A Small Business Video Series. Services enable all economic sectors - from healthcare to manufacturing to agriculture - to be more productive, reach more consumers, and, ultimately, contribute to a better livelihood for Americans through job creation, higher wages and greater opportunities. Our sales and trading, distribution and research capabilities span a broad range of asset classes, providing customized solutions that support the diverse investment and transaction strategies of investors. de C.V. and CEMEX Ventures, CEMEXs corporate venture capital and open innovation unit, announced the launch of CEMEX Ventures Leaplab, an intensive acceleration program for | November 1, 2022 Report. In addition, we joined with Mastercard and a nonprofit organization called Start Small Think Big to help small businesses. Working through our legacy assets, we optimized our capital base and reduced our net deferred tax assets by more than half, generating $7 billion of regulatory capital in the process. institutions in the country, with top brand recognition, leading market share and an extensive retail branch network complemented by rapid digital and mobile user growth. Treasury and Trade Solutions (TTS) provides integrated cash management, working capital and trade finance solutions to multinational corporations, financial institutions and public sector organizations around the globe. In the midst of the global pandemic, we launched our new 2025 Sustainable Progress Strategy to address another global crisis: climate change. Unfortunately, we do not support Internet Explorer 8. Today, Citi is the consumer credit card provider to half of the top 10 U.S. ecommerce companies. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. In October, Citi was proud to announce a new initiative offering transgender and non-binary people the ability to use their chosen name on eligible credit cards. CEMEXs CEO, Fernando A. Gonzlez, participated in a CEO roundtable hosted by UN Secretary-General Antnio Guterres at the UNs New York City headquarters on Monday, Sept. 19. Mller Mrsk, Enel and Natura &Co) pdf: English: 18 Sep 2020: Show More Formed in 1880 and based in Hammersmith, it initially operated largely as a road surfacing contractor.The business was acquired by Godfrey Mitchell in 1919, and he developed it into a construction and housebuilding firm. In just its first year, the Citi Impact Fund has invested in 11 companies, the majority of which are founded by women, minorities - and in some cases both - that have the potential to make our cities and communities more equitable and sustainable. These forward-looking statements reflect CEMEXs current expectations and projections about future events based on CEMEXs knowledge of present facts and circumstances and assumptions about future events, as well as CEMEXs current plans based on such facts and circumstances. Investing with Purpose is what we call our approach to sustainable and impactful investing. Additionally, BBVA acted as Sustainability Structuring Agent. Today, customers want an integrated experience where their relationship with money operates at the same speed as the rest of their life. And because we take seriously our responsibility to the communities we serve, we have supported front-line health workers and deployed other resources to those who desperately need help. Initiative on Business and Environmental Sustainability. Copyright 2011 Unipower Transmission Pvt Ltd. All Rights Reserved. Sincerely, Dear Shareholders:Never could I have imagined that my final year as CEO of Citi would be consumed by a once-in-a-century health crisis that would upend the global economy and the lives of everyone on our planet. In the U.S., Citibank, N.A. To support our $250 billion goal, we are financing activities in renewable energy, clean technology, water quality and conservation, sustainable transportation, green buildings and energy efficiency and have added circular economy and sustainable agriculture and land use as two additional areas under this goal. In the aftermath of the murder of George Floyd, we launched Action for Racial Equity, which encompasses $1 billion in strategic actions to help close the racial wealth gap and increase economic mobility in the U.S. Media Relations In addition to being the largest SPAC raised globally, the transaction garnered significant praise for the use of minority broker-dealers as co-leads on the deal. Citi continues to be a leader in project finance, financing a number of infrastructure and renewable energy transactions. Most notably among 2020 SPACs was the $4.0 billion blank check company sponsored by Pershing Square Capital Management whereby Citi served as left lead on the transaction. Our philosophy is that every member of Citi's team is responsible for this progress in making Citi an even more inclusive and equitable workplace. 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