Citigroup Reports Full Year 2010 Net Income of $10.6 Billion

Citigroup Inc. today reported fourth quarter 2010 net income of $1.3 billion, or $0.04 per diluted share, compared to a net loss of $7.6 billion, or $0.33 per diluted share, in the fourth quarter 2009. Citigroup net income for full year 2010 was $10.6 billion, or $0.35 per diluted share, compared to a net loss of $1.6 billion, or $0.80 per share, in the full year 2009.

Citigroup revenues in the fourth quarter 2010 were $18.4 billion and included negative CVA of $1.1 billion. Excluding CVA, revenues of $19.5 billion were down 6% from the prior quarter, principally driven by lower Securities and Banking revenues and lower gains on sale of AFS securities in Corporate/Other.

Citigroup Reports Full Year 2010 Net Income of $10.6 Billion or $0.35 Per Share Compared to a Net Loss of $1.6 Billion or $0.80 Per Share in 2009

Fourth Quarter 2010 Net Income of $1.3 Billion or $0.04 Per Share Compared to a Net Loss of $7.6 Billion or $0.33 Per Share in The Fourth Quarter 2009

Fourth Quarter Included Negative CVA of $1.1 Billion Pre-Tax Due to Citi Spreads Tightening

Fourth Consecutive Profitable Quarter

Fourth Quarter 2010 Revenues of $18.4 Billion; $86.6 Billion for Full Year 2010

Tier 1 Common of $105 Billion, Tier 1 Common Ratio of 10.7%

Allowance for Loan Losses of $40.7 Billion

Citi Holdings Assets of $359 Billion, Down 26% from The Prior Year

Citicorp Full Year Revenues of $65.6 Billion, Net Income of $14.9 Billion