Other
Letters of Credit
Citigroup Letters of Credit increased by 12.0% to $2.80B in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $2.80B to $2.80B. Over 5 years (FY 2020 to FY 2025), Letters of Credit shows a downward trend with a -17.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 7, 2026
How to read this metric
An increase indicates higher demand for trade finance services, while a decrease may reflect reduced corporate trade activity or tighter risk appetite.
Detailed definition
Letters of credit are off-balance sheet financial instruments where the bank guarantees payment to a third party on beha...
Peer comparison
Standard metric for global banks providing corporate and trade finance services.
Metric ID:
letters_of_creditHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.50B | $3.90B | $4.10B | $3.80B | $4.20B | $3.60B | $3.70B | $3.20B | $3.00B | $3.40B | $3.10B | $3.00B | $3.00B | $3.20B | $3.10B | $2.80B | $3.10B | $3.00B | $2.50B | $2.80B |
| QoQ Change | — | -13.3% | +5.1% | -7.3% | +10.5% | -14.3% | +2.8% | -13.5% | -6.3% | +13.3% | -8.8% | -3.2% | +0.0% | +6.7% | -3.1% | -9.7% | +10.7% | -3.2% | -16.7% | +12.0% |
| YoY Change | — | — | — | — | -6.7% | -7.7% | -9.8% | -15.8% | -28.6% | -5.6% | -16.2% | -6.3% | +0.0% | -5.9% | +0.0% | -6.7% | +3.3% | -6.3% | -19.4% | +0.0% |
Range$2.50B – $4.50B
CAGR-9.5%
Avg YoY Growth-8.2%
Median YoY Growth-6.5%
Letters of Credit at Other Companies
Frequently Asked Questions
- What is Citigroup's letters of credit?
- Citigroup (C) reported letters of credit of $2.80B in Q1 2026.
- How has Citigroup's letters of credit changed year-over-year?
- Citigroup's letters of credit decreased by 0.0% year-over-year, from $2.80B to $2.80B.
- What is the long-term trend for Citigroup's letters of credit?
- Over 5 years (2020 to 2025), Citigroup's letters of credit has grown at a -17.6% compound annual growth rate (CAGR), from $6.60B to $2.50B.
- What does letters of credit mean?
- A bank-issued guarantee that ensures a client's payment to a third party will be made.