The press conference moderated by Faustin Kakina Kediazola, Deputy General Manager and Director of Operations of Citigroup Congo, was an opportunity to present the results of the Pillar III report of this financial institution. In accordance with the requirements of Instruction 55 of the Central Bank of Congo (BCC), this publication of quantitative and qualitative data is of crucial importance for transparency and good financial management.
At the heart of these revelations, Citigroup Congo’s balance sheet as of December 31, 2023 stood at CDF 810 billion, or USD 302 million, marking a slight decrease of 4% in constant USD compared to the previous year. This decrease is explained by the substantial payments made at the end of the year by the bank’s customers. Despite these fluctuations, the institution was able to post a positive net result of CDF 31 billion (USD 11 million), recording significant growth of 31% in constant USD compared to the previous year.
Citigroup Congo’s financial performance reflects rigorous risk management and controls, which made it possible to preserve the establishment’s revenues despite a complex global economic context marked by critical geopolitical events. Faustin Kakina Kediazola highlights in particular the positive impact of operations on the financial markets and currency exchanges in improving the results for the year 2023.
In terms of governance, Citigroup Congo’s bodies are structured around a solid structure comprising different committees dedicated to audit, risks, ethics and compliance, nomination and remuneration. This organization demonstrates the institution’s commitment to promoting effective and transparent governance.
In terms of risk management, Citigroup Congo has identified and classified several categories of risks, ranging from credit risk to reputation risk. Adopting international standards, the establishment has implemented a rigorous risk management framework based on a solid corporate culture, effective governance, proactive risk management and programs adapted to its activities.
Finally, Citigroup Congo’s development strategy and commercial policy are aligned with the orientations of its parent company, favoring a customer-centered approach and the constant search for excellence in financial services. The attention paid to improving the customer experience and meeting individual needs allows the establishment to position itself favorably on the Congolese financial market.
In conclusion, the announcement of the results of Citigroup Congo’s Pillar III report highlights the resilience and performance of the institution in a complex economic environment.. Through proactive risk management, transparent governance and a strategy oriented towards customer satisfaction, Citigroup Congo confirms its leading position in the Congolese financial market.