Citigroup’s EU unit in Dublin, the largest bank in the State, booked a net loan impairment charge of $124 million (€108 million) last year due to reflect “heightened global risk and prevailing economic uncertainty”. Ireland has been home to Citigroup’s EU banking headquarters since early 2016, before the Brexit referendum. The total cost to the bank for the site and construction is estimated at about €300 million. Geopolitical risk, including the Russia-Ukraine war and the Middle East conflict, continue to influence energy markets and supply-chain conditions,” it said. For the full year 2025, Citigroup as a whole reported a net profit of $14.3 billion on revenues of $85.2 billion, marking an increase from the $12.7 billion net income on $80.7 billion in revenue reported for 2024.

Source: The Irish Times April 04, 2026 13:02 UTC