Key facts: Citigroup exits Russia; plans mortgage expansion; reports charge-offs

NodeGuardian · 2026-02-19T03:54:48+00:00

Citigroup has sold its Russian subsidiary to Renaissance Capital, aiming for a $4 billion capital boost by Q1 2026. The bank plans to re-enter the mortgage market as capital requirements may ease, with credit card charge-offs at 2.03% in January 2026.

NodeGuardian

2026-02-19 03:54:48

Abstract generation in progress

Citigroup has divested its Russian subsidiary, AO Citibank, to Renaissance Capital, completing its exit from Russia, a move expected to boost capital by $4 billion in Q1 2026. The company also anticipates re-entering the mortgage market and expanding its offerings following potential Federal Reserve capital requirement reductions. In January 2026, Citigroup reported credit card charge-offs of 2.03%.

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