For Immediate Release Citigroup Inc. (NYSE: C)
Citibank Receives “Outstanding” Rating on Community Reinvestment Act Exam
NEW YORK – Citi today announced that Citibank, N.A. has received an “Outstanding,” the highest possible rating, on its most recent Community Reinvestment Act (CRA) performance evaluation from the Office of the Comptroller of the Currency. This is the second consecutive exam period that the bank has received this rating and serves as an important recognition of its longstanding commitment to the communities it serves in the U.S.
"When Citi puts the scale of its resources and investment capabilities to work for our communities, it unlocks significant economic opportunity. We have a long track record of supporting local community development, expanding access to capital and working with community organizations. An Outstanding rating on the CRA exam clearly demonstrates that these efforts are having a positive impact on local communities."
The CRA, enacted in 1977, requires banks to help meet the credit needs of the local communities in which they are chartered, including low- and moderate-income (LMI) neighborhoods. For the evaluation period, Citibank allocated over $145.9 billion to retail and CRA activities. Of this amount, Citibank endeavored to meet the needs of its CRA assessment areas through:
- 97,000 mortgages and 455,000 small business loans totaling more than $82.9 billion in financing;
- $13.5 billion in community development lending to help LMI communities, including over $1.1 billion in Paycheck Protection Plan community development loans;
- $6.8 billion in community development investments and an additional $168.7 million in grants and donations; and
- Connecting more than 1,800 Citibank employees to nonprofit organizations that provide services for LMI individuals and communities, with a focus on financial education, technical assistance for small businesses and first-time homebuyer education.
Citi’s investment and support of local communities is core to its mission to enable growth and economic progress. In addition, the bank has been recognized as the largest affordable housing development lender in the U.S. for the last 14 consecutive years. In 2024, Citi financed over $7 billion in projects creating or preserving more than 34,000 affordable housing apartments. The Citi Foundation has been a leader in financial inclusion and community solutions for three decades. Between 2006 and 2024, there were over 1.2 million volunteer engagements toward local causes through Citi’s annual Global Community Day, which reaches its 20th year in June. Citi has also been recognized as a top community-minded company by Points of Light for 12 years.
For more information on Citi’s work to help expand economic opportunity in communities, visit citi.com/communities.