Citi board approves sale of remaining Russia business, expects ~$1.2B pre-tax loss in Q4 2025

CITIGROUP INC

Board approved sale of AO Citibank (Russia operations), to be reported as held-for-sale in Q4 2025.
Pre-tax loss on sale of ~$1.2B ($1.1B after-tax) recognized via a valuation allowance in Q4 2025.
Sale anticipated to sign and close in first half of 2026, subject to negotiations and regulatory approvals.
Loss includes $1.6B CTA charge, partially offset by ~$0.2B expected benefit and ~$0.2B expected proceeds.
Cumulative CTA impact capital neutral to Citi's Common Equity Tier 1 capital.

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