Finance
Citi May Record Devaluations on Ruble-Denominated Assets
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 23, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleCitigroup may record devaluation on ruble assets, with $2 billion in Russian exposures. The bank is winding down services in Russia.
(Reuters) -Citigroup said on Thursday it may record devaluation on its Russian ruble-denominated assets in earnings.
Citigroup, which had previously announced it was ending all institutional banking services in Russia, had Russia-related exposures of $2.0 billion and total clients' exposures of $9.0 billion as of the first quarter of 2025, according to the filing.
Its services are only those necessary to fulfill its remaining legal and regulatory obligations, as well as support its employees, the filing added.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru and Saeed Azhar in New York; Editing by Alan Barona)
The article discusses Citigroup's potential devaluation of ruble-denominated assets due to its exposure in Russia.
Citi is devaluing ruble assets due to its decision to end institutional banking services in Russia.
Citi has $2 billion in Russia-related exposures and $9 billion in total client exposures.
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