UPDATE 1-Citigroup exits Russia and sale expected to be neutral to capital

Citigroup Inc. -0.79%

Citigroup Inc.

C

130.66

-0.79%

Adds capital impact of sale

Feb 18 (Reuters) - Citigroup C.N announced on Wednesday the sale of its former Russian subsidiary to Renaissance Capital. The transaction, already approved by regulators, completes Citi’s full exit from the country.

The exit from Russia will be neutral to Citi's capital, the bank said.

In the first quarter of 2026, the bank's capital will rise by $4 billion as a result of the transfer of risk-weighted assets to the buyer and other factors. Considering a previously reported $1.6 billion currency loss related to Russia, the sale is capital neutral, the bank added in a statement.


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