Exhibit 99.1

CITIGROUP REPORTS FOURTH QUARTER 2014 EARNINGS PER SHARE OF $0.06

NET INCOME OF $350 MILLION

REVENUES OF $17.8 BILLION

LEGAL AND RELATED EXPENSES AND REPOSITIONING CHARGES TOTALED $3.5 BILLION

NET INTEREST MARGIN INCREASED TO 2.92%

NET CREDIT LOSSES OF $2.2 BILLION DECLINED 12% VERSUS PRIOR YEAR PERIOD

UTILIZED APPROXIMATELY $200 MILLION OF DEFERRED TAX ASSETS;
DTA UTILIZATION OF APPROXIMATELY $3.1 BILLION IN 2014

BASEL III COMMON EQUITY TIER 1 CAPITAL RATIO OF 10.5%(1)
ESTIMATED BASEL III SUPPLEMENTARY LEVERAGE RATIO OF 6.0%(2)

BOOK VALUE PER SHARE OF $66.16
TANGIBLE BOOK VALUE PER SHARE(3) OF $56.83

CITI HOLDINGS ASSETS OF $98 BILLION DECLINED 16% FROM PRIOR YEAR PERIOD
AND REPRESENTED 5% OF TOTAL CITIGROUP ASSETS AT QUARTER END

New York, January 15, 2015 — Citigroup Inc. today reported net income for the fourth quarter 2014 of $350 million, or $0.06 per diluted share, on revenues of $17.8 billion. This compared to net income of $2.5 billion, or $0.77 per diluted share, on revenues of $17.8 billion for the fourth quarter 2013. Legal and related expenses and repositioning charges totaled $3.5 billion in the current quarter, compared to $1.0 billion in the prior year period.

CVA/DVA(4) was $7 million ($4 million after-tax) in the fourth quarter 2014, compared to negative $164 million (negative $100 million after-tax) in the prior year period. Fourth quarter 2013 results also included a $189 million after-tax benefit related to the divestiture of Citi’s Credicard business in Brazil and a $235 million after-tax charge related to the net fraud loss in Mexico.(5) Excluding CVA/DVA and the items in the fourth quarter 2013, earnings were $0.06 per diluted share, compared to prior year earnings of $0.82 per diluted share.

Michael Corbat, Chief Executive Officer of Citigroup, said, “While the overall results for 2014 fell short of our expectations, we did make significant progress on our top priorities. During the year, we increased our market share among our target institutional clients, grew our core loan book, and improved both our net interest revenue and margin from 2013 levels.  For the first time since its establishment, Citi Holdings was profitable for the full year and we accelerated the utilization of our deferred tax assets. We strengthened our capital planning process and made Citi a safer and stronger institution, as evidenced by the increases to our capital, leverage and liquidity ratios. Although we made some difficult decisions over the course of the year, I believe they allowed us to put our franchise in a position to have a successful 2015.”

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Citigroup full year 2014 net income was $7.3 billion on revenues of $76.9 billion, compared to net income of $13.7 billion on revenues of $76.4 billion for the full year 2013. Full year 2014 results included CVA/DVA of negative $390 million (negative $240 million after-tax), compared to negative $342 million (negative $213 million after-tax) in the prior year period. Citigroup full year 2014 results also included a charge of $3.8 billion ($3.7 billion after-tax) to settle RMBS and CDO-related claims.(6) Full year 2013 results also included the benefit related to the impact of the Credicard divestiture and the net fraud loss. In addition, Citigroup recorded a tax charge of $210 million in the first quarter of 2014 related to corporate tax reforms enacted in two states, and a tax benefit of $176 million in the third quarter 2013 related to the resolution of certain tax audit items. Excluding CVA/DVA, Citigroup revenues were $77.3 billion in 2014, up 1% compared to the prior year. Excluding CVA/DVA as well as the impact of the mortgage settlement in 2014, Credicard divestiture and net fraud loss in 2013, and the tax items in both years,(7) net income was $11.5 billion in 2014, down 16% compared to 2013, as higher revenues and lower net credit losses were offset by higher operating expenses, a lower net loan loss reserve release and a higher effective tax rate.

Fourth Quarter and Full Year Financial Results

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes, as applicable, CVA / DVA in all periods, the impact of the mortgage settlement in 2Q’14, the net fraud loss in 4Q’13, the impact of the Credicard divestiture in 4Q’13 and the tax items in 1Q’14 and 3Q’13.  For additional information, please refer to Appendix B.

(b) Includes provision for unfunded lending commitments.

(c) For additional information, please refer to Appendix D and Footnote 1.

(d) For additional information, please refer to Footnote 2.

(e) For additional information, please refer to Appendix E and Footnote 3.

Citigroup

Citigroup revenues of $17.8 billion in the fourth quarter 2014 were unchanged from the prior year period. Excluding CVA/DVA, revenues of $17.8 billion decreased 1% from the prior year period, driven by a 1% decrease in Citicorp revenues, partially offset by a slight increase in Citi Holdings revenues.

Citigroup’s net income declined to $350 million in the fourth quarter 2014 from $2.5 billion in the prior year period. Excluding CVA/DVA in both periods and the impact of the Credicard divestiture and the net fraud loss in the prior year period, Citigroup net income was $346 million versus $2.6 billion in the prior year period, primarily driven by higher operating expenses and a higher effective tax rate.

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Citigroup’s operating expenses were $14.4 billion in the fourth quarter 2014, 21% higher than the $11.9 billion in the prior year period (excluding the impact of the net fraud loss), driven by higher legal and related expenses and repositioning costs, as well as increased regulatory and compliance costs and higher volume-related expenses, partially offset by continued efficiency savings and the impact of foreign exchange translation. Operating expenses in the fourth quarter 2014 included legal and related expenses of $2.9 billion, compared to $809 million in the prior year period, and $655 million of repositioning charges, compared to $234 million in the prior year period.

Citigroup’s cost of credit in the fourth quarter 2014 was $2.0 billion, a decrease of 3% from the prior year period, primarily reflecting a $299 million improvement in net credit losses, partially offset by a lower net release of loan loss reserves.

Citigroup’s effective tax rate was 72% in the current quarter, an increase from 32% in the prior year period (excluding CVA/DVA), driven by a significantly higher portion of non-tax-deductible legal and related expenses in the current quarter.

Citigroup’s allowance for loan losses was $16.0 billion at quarter end, or 2.50% of total loans, compared to $19.6 billion, or 2.97% of total loans, at the end of the prior year period. The $441 million net release of loan loss reserves in the current quarter compared to a $670 million release in the prior year period. Citigroup asset quality continued to improve as total non-accrual assets fell to $7.4 billion, a 22% reduction compared to the fourth quarter 2013. Corporate non-accrual loans declined 38% to $1.2 billion, while consumer non-accrual loans declined 17% to $5.9 billion.

Citigroup’s loans were $645 billion as of quarter end, down 3% from the prior year period. On a constant dollar basis,(8) Citigroup’s loans declined by 1%, as continued declines in Citi Holdings, driven primarily by reductions in the North America mortgage portfolio, offset 3% growth in Citicorp.

Citigroup’s deposits were $899 billion as of quarter end, down 7% from the prior year period. In constant dollars, Citigroup’s deposits were down 4%, primarily driven by the reclassification of $21 billion of deposits in Asia to other liabilities reflecting held-for-sale treatment as a result of Citigroup entering into an agreement to sell its retail banking business in Japan, as well as the continued reduction in Citi Holdings deposits.

Citigroup’s book value per share was $66.16 and its tangible book value per share was $56.83, each as of quarter end, representing 1% and 3% increases, respectively, versus the prior year period. At quarter end, Citigroup’s Basel III Common Equity Tier 1 Capital ratio was 10.5%, up from 10.1%(9) in the prior year period. Citigroup’s estimated Basel III Supplementary Leverage ratio for the fourth quarter 2014 was 6.0%, up from 5.4% in the prior year period.

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Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes, as applicable, CVA / DVA in all periods, the net fraud loss in 4Q’13, the impact of the Credicard divestiture in 4Q’13 and the tax items in 1Q’14 and 3Q’13.  For additional information, please refer to Appendix B.

(b) Includes provision for unfunded lending commitments.

Citicorp

Citicorp revenues of $16.5 billion in the fourth quarter 2014 were unchanged from the prior year period. CVA/DVA, reported within Institutional Clients Group (ICG), was $12 million in the fourth quarter 2014 ($7 million after-tax), compared to negative $165 million (negative $100 million after-tax) in the prior year period. Excluding CVA/DVA, revenues were down 1% from the fourth quarter 2013, as ICG and Global Consumer Banking (GCB) revenues were largely unchanged, and Corporate/Other revenues decreased. Corporate/Other revenues were negative $137 million, versus negative $41 million in the prior year period, primarily due to lower revenues from sales of available-for-sale securities as well as hedging activities.

Citicorp net income was $192 million, versus $2.9 billion in the prior year period. Excluding CVA/DVA and the impact of the Credicard divestiture and the net fraud loss in the prior year period, Citicorp’s net income was $185 million, versus $3.0 billion in the prior year period, primarily driven by higher operating expenses and a higher effective tax rate.

Citicorp operating expenses were $13.7 billion, a 31% increase from the prior year period (excluding the impact of the net fraud loss), primarily reflecting higher legal and related expenses (primarily recorded in Corporate/Other), higher repositioning charges, increased regulatory and compliance costs, as well as volume-related expenses, partially offset by ongoing efficiency savings and the impact of foreign exchange translation. Operating expenses in the fourth quarter 2014 included legal and related expenses of $2.8 billion, compared to $159 million in the prior year period, and $637 million of repositioning charges, compared to $204 million in the prior year period.

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Citicorp cost of credit of $1.7 billion in the fourth quarter 2014 declined 2% from the prior year period. A higher net loan loss reserve release and lower net credit losses in North America GCB were partially offset by higher net credit losses in ICG and international GCB. Citicorp’s consumer loans 90+ days delinquent decreased 10% from the prior year period to $2.7 billion, and the 90+ days delinquency ratio improved to 0.90% of loans.

Citicorp end of period loans were unchanged versus the prior year period at $572 billion, with 1% growth in corporate loans to $274 billion and a 2% decrease in consumer loans to $297 billion. On a constant dollar basis, Citicorp end of period loans grew 3% versus the prior year period, with 4% growth in corporate loans and 2% growth in consumer loans.

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Includes provision for unfunded lending commitments.

Global Consumer Banking

GCB revenues of $9.4 billion were unchanged from the prior year period, as growth in North America was offset by a decline in international revenues on a reported basis. On a constant dollar basis, revenues increased 3%, due to the growth in North America and 1% growth in international revenues.

GCB net income rose 8% versus the prior year period to $1.7 billion, reflecting a lower cost of credit. Operating expenses were unchanged at $5.3 billion, but increased 3% in constant dollars, mostly reflecting higher repositioning charges, partially offset by ongoing cost reduction initiatives.

North America GCB revenues rose 4% to $5.1 billion versus the prior year period, reflecting higher revenues in retail banking, partially offset by lower revenues in Citi retail services. Retail banking revenues rose 25% to $1.4 billion from the fourth quarter 2013, reflecting 10% growth in average loans and 1% growth in average deposits, as well as a gain of approximately $130 million related to the sale of certain on-balance sheet mortgage loans in the current quarter. Citi-branded cards revenues of $2.1 billion were unchanged versus the prior year period, as purchase sales grew 4% and an improvement in spreads mostly offset the impact of lower average loans. Citi retail services revenues decreased 3% to $1.6 billion, primarily reflecting higher contractual partner payments driven by higher yields and improved credit.

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North America GCB net income was $1.1 billion, up 33% versus the fourth quarter 2013, driven by the increase in revenues and reduced credit costs, partially offset by higher operating expenses. Operating expenses were up 1% versus the prior year period to $2.5 billion, as higher repositioning charges and increased marketing costs were partially offset by ongoing efficiency savings.

North America GCB credit quality continued to improve as net credit losses of $1.0 billion decreased 8% versus the prior year period. Net credit losses improved versus the prior year period in Citi-branded cards (down 13% to $514 million) and in Citi retail services (down 2% to $463 million). The reserve release in the fourth quarter 2014 was $244 million, $160 million higher than in the fourth quarter 2013, due to continued improvement in each of the cards portfolios. Delinquency rates improved from the prior year period in both Citi-branded cards and Citi retail services.

International GCB revenues decreased 5% versus the fourth quarter 2013 to $4.4 billion. In constant dollars, revenues increased 1% versus the fourth quarter 2013. Revenues in Latin America increased 1% to $2.3 billion, primarily driven by volume growth in Mexico. In Asia, revenues rose by 1% to $1.8 billion, primarily driven by volume growth, partially offset by spread compression and the impact of regulatory changes in certain markets. In EMEA, revenues declined 2% to $305 million as spread compression offset higher volumes.

International GCB net income decreased 23% from the prior year period to $527 million, and decreased 18% in constant dollars. On a constant dollar basis, the slightly higher revenues were offset by higher operating expenses. Operating expenses in the fourth quarter 2014 increased 5% in constant dollars (decreased 1% on a reported basis) as higher repositioning charges as well as the impact of business growth and higher non-income tax expenses were partially offset by ongoing efficiency savings. In constant dollars, credit costs increased 1% versus the prior year period, as reserve releases in Asia were offset by higher credit costs in Latin America and EMEA.

International GCB credit quality remained stable. Net credit losses rose 8% to $733 million, including a charge-off of approximately $70 million related to Citi’s homebuilder exposure in Mexico, which was offset by a related release of previously established loan loss reserves, and therefore neutral to the cost of credit in the current period. The international net credit loss rate was 2.09% of average loans in the fourth quarter 2014, compared to 1.93% in the prior year period. Excluding the charge-off associated with homebuilder exposure in Mexico, the international net credit loss rate would have improved to 1.88%.

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