New York &ndash; Citi was recognized as the number one affordable housing lender in the United States for 2022 according to Affordable Housing Finance magazine's annual ranking, marking the 13th consecutive year that Citi has earned the distinction.
Citi Community Capital provided approximately $6 billion to finance multifamily affordable housing rental projects in 2022 throughout the U.S., and over $7.4 billion to finance multifamily affordable housing, education, and other community development projects in 2022.
"We are proud to once again be recognized as the leading affordable housing financier in the United States," said Jane Fraser, Chief Executive Officer, Citi. &ldquo;Too many Americans are currently struggling to access quality and affordable housing. We recognize this need and will continue to leverage our financial resources to support communities where Americans of all income levels can thrive.&rdquo;
&ldquo;In a year marked by extreme interest rate volatility and inflationary pressures, our seasoned team of bankers stayed the course and worked closely with our clients to deliver the financing they needed to help bring their projects to fruition,&rdquo; said Jeremy Johnson, Head of Citi Community Capital.
&ldquo;We would like to congratulate Citi Community Capital on leading our top 25 lender rankings once again for 2022. &nbsp;In 2022, Affordable Housing Finance&rsquo;s Top 25 affordable housing lenders provided more than $64.6 billion in construction and permanent loans to developments that serve households up to 80% of the area median income. Citi lent nearly $6 billion to affordable housing properties last year, up from $5.6 billion in 2021, making it the biggest affordable housing lender of 2022. We applaud all of the lenders in the survey who contributed to a year over year increase of $1.5 billion in debt financing despite extremely challenging market conditions which included higher interest rates and rising development costs,&rdquo; said Rob Britt, SVP Affordable Housing Finance/Zonda Media.
Reaching over 27,000 subscribers in print and online,&nbsp;Affordable Housing Finance&nbsp;is the only national publication serving owners, developers, managers and investors involved in the production and preservation of affordable housing. The full results of the survey can be found here: <a href="https://www.housingfinance.com/finance/borrowers-lenders-navigate-rising-interest-rates-costs_o" target="_blank" rel="noopener" data-link-source="tiny">Top 25 Lenders of 2022</a>
Citi Community Capital helps affordable housing developers acquire, construct, rehabilitate, and refinance multifamily affordable housing across the country. Read more about our commitment to the communities we serve here: <a href="https://www.citicommunitycapital.com/#_blank" target="_blank" rel="noopener" data-link-source="tiny">https://www.citicommunitycapital.com</a>
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<hr />
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.&nbsp;
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contact
Rekha Jogia-Soni: 212-816-3540, <a href="mailto:rekha.jogia-soni@citi.com" target="_blank" rel="noopener" data-link-source="tiny">rekha.jogia-soni@citi.com</a>

Citi recognized as the Top U.S. Affordable Housing Lender for 13th Straight Year 

Citi recognized as the Top U.S. Affordable Housing Lender for 13th straight year

Citi Ranked Number One U.S. Affordable Housing Lender for 2022

New York, NY <cite>&mdash; </cite>Citi has announced the launch of a new platform, CitiDirect&reg; Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients. This is part of Citi&rsquo;s significant strategic investment plan to meet the growing global needs of these clients by delivering a single-entry point digital platform. &nbsp;
CitiDirect&reg; Commercial Banking brings together Citi&rsquo;s global products and services into a single digital platform, providing clients with a 360&deg; consolidated view of their Citi banking relationship across Cash, Loans, Trade, FX, Servicing and Onboarding. &nbsp; The platform is currently live in the U.S., with over two thirds of our U.S. client base actively using the platform, and CCB plans to pilot it in the second half of 2023 across Hong Kong, India, Singapore, and the U.K.&nbsp;
The CitiDirect&reg; Commercial Banking platform has been created in close collaboration with CCB clients, and as a result offers an intuitive and seamless digital experience. Key features include access to data driven insights necessary to help inform decision making, efficient management of day-to-day banking interactions with Citi in one place. Clients can also digitally open accounts and request new products and services, extending our self-service features, which significantly enhances the experience for clients as they grow, and their needs evolve.
Tasnim Ghiawadwala, Global Head of CCB, commented: &ldquo;This is an important milestone in delivering on our commitments set out during Citi&rsquo;s 2022 Investor Day. At the time, we spoke about our intention to deliver on a differentiated client experience through a single digital platform, that will empower clients and save them time, while offering them complete visibility and control. We anticipate that CitiDirect&reg; Commercial Banking will continue to evolve to support our clients as they grow their businesses globally.&rdquo;
Mark Sugden, Head of CitiDirect Commercial Banking &amp; Digital Transformation, said: &ldquo;Our new banking platform has been designed and built with a client-centric focus. The outcome is an innovative platform that responds to our clients&rsquo; complex needs and their expectations of a simple and intuitive digital banking experience. We are delighted with the response from clients and continue to invest whilst targeting key market roll outs throughout 2023 and beyond.&rdquo;&nbsp;
Shahmir Khaliq, Global Head of Treasury and Trade Solutions, added: &ldquo;The launch of CitiDirect Commercial Banking demonstrates how our Institutional Clients Group ecosystem works together to deliver excellence for our clients. We are very pleased that our partnership with our colleagues in Commercial Banking has resulted in this new and differentiated service.&rdquo;
More information: <a href="https://icg.citi.com/icghome/what-we-think/commercial-bank/insights/citidirect-commercial-banking-delivering-the-power-of-citi-on-a-single-platform" target="_blank" rel="noopener" data-link-source="tiny">https://icg.citi.com/icghome/what-we-think/commercial-bank/insights/citidirect-commercial-banking-delivering-the-power-of-citi-on-a-single-platform</a>
<hr />
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contacts 
Sarah Mac Rory: <a href="mailto:sarah.macrory@citi.com" data-link-source="tiny">sarah.macrory@citi.com</a>, +44 207 508 3822

Citi Commercial Bank launches new digital client platform, CitiDirect® Commercial Banking

NEW YORK &ndash; Citi has launched its Trade and Working Capital eLoans solution for its U.S. CCB clients. The solution is designed to help clients meet their current and projected working capital needs through loan advances via Citi&rsquo;s easy to use and secure eLoans platform. The eLoans platform aims to support clients by: allowing qualified clients to access liquidity for running their commercial business, reducing manual touch points, while also allowing the client to manage outstanding loans via repayment features; enhancing self-service reporting via automated notifications among other features. 
Citi worked with a U.S. software company, a CCB client, as part of the expansion of Citi&rsquo;s eLoans footprint. Citi helped support this CCB Client&rsquo;s commercial banking needs by:
<ul>
<li>Providing an uncommitted, secured Post Shipment Electronic Trade Loan facility, with an accordion, that meets the client&rsquo;s current and projected working capital needs</li>
<li>Onboarding more than 800 counterparties, clients of the U.S. software company, at inception of the facility</li>
<li>Providing the ability to make cross border payments in 140+ currencies directly via CitiDirect</li>
</ul>
Access to Citi&rsquo;s digital platform for use of the eLoans offering is available at no additional cost, and could help our clients to achieve greater control and transparency for debt financing.
Christian MacDonald, Global Head of Trade and Working Capital Loans in Treasury and Trade Solutions, commented: &ldquo;The successful launch of Citi&rsquo;s eLoans for mid-sized corporates in the U.S. expands the client base that can benefit from Citi&rsquo;s comprehensive digital working capital solutions offering. Deeper penetration of our digital solutions across corporate market segments means we can support clients in reducing friction in transaction processing and significantly improve their banking experience.&rdquo; 
Raymond Gatcliffe, Head of North America Citi Commercial Bank, said: &ldquo;A significant focus for CCB globally, and in North America, is ensuring we deliver on our global network of banking products and services for our clients. We aim to address their funding and strategic needs through innovative solutions that tap into our ability to collaborate seamlessly within our Institutional Clients Group to provide mid-sized corporates with the support they need to grow. We are pleased to offer Citi&rsquo;s eLoans for the first time in the U.S. and hope to continue driving this product&rsquo;s penetration in the mid-sized corporates market segment.&rdquo;
<hr />
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at&nbsp;<a href="http://www.citigroup.com/" target="_blank" rel="noopener" data-link-source="tiny">www.citigroup.com</a>&nbsp;| Twitter:&nbsp;<a href="https://twitter.com/citi" target="_blank" rel="noopener" data-link-source="tiny">@Citi</a>&nbsp;| LinkedIn:&nbsp;<a href="http://www.linkedin.com/company/citi" target="_blank" rel="noopener" data-link-source="tiny">www.linkedin.com/company/citi</a>&nbsp;| YouTube:&nbsp;<a href="http://www.youtube.com/citi%7C" target="_blank" rel="noopener" data-link-source="tiny">www.youtube.com/citi</a>&nbsp;| Facebook:&nbsp;<a href="http://www.facebook.com/citi" target="_blank" rel="noopener" data-link-source="tiny">www.facebook.com/citi</a>&nbsp;
Media Contacts
Sarah Mac Rory: <a href="mailto:sarah.macrory@citi.com" data-link-source="tiny">sarah.macrory@citi.com</a>, +44 207 508 3822
Nina Das: <a href="mailto:nina.das@citi.com" data-link-source="tiny">nina.das@citi.com</a>, +1 212 816 9267

The new offering, for U.S. Citi Commercial Bank (CCB) clients, is provided by Treasury and Trade Solutions (TTS) through the CitiDirect® platform to support cross-border trade flows, bringing a scalable solution to CCB clients.

The new offering, for U.S. Citi Commercial Bank (CCB) clients, is provided by Treasury and Trade Solutions (TTS) through the CitiDirect&reg; platform to support cross-border trade flows, bringing a scalable solution to CCB clients

Citi launches electronic trade loan facilities for U.S. Citi Commercial Bank clients

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banking, Capital Markets & advisory

Citi launches electronic trade loan facilities for U.S. Citi Commercial Bank clients

Citi Commercial Bank launches new digital client platform, CitiDirect® Commercial Banking

Citi Ranked Number One U.S. Affordable Housing Lender for 2022

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