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ReutersCitibank Citibank: Citigroup is taking a step that could make borrowing a little easier for millions of Americans. The financial giant announced that it will lower its base lending rate by 0.25 percentage points, from 7.25% to 7.00%, starting on Thursday, October 30, as per a report.Citigroup Lowers Base Lending Rate to 7.00% - Small Rate Cut That Could Mean Big Savings for BorrowersThe move is part of the bank’s effort to make loans more appealing during a challenging economic period, as per a Rollingout report. While a quarter-point drop might seem small, it could still make a difference for borrowers. Those taking out personal loans, business credit, or other products tied to Citi’s base rate could save hundreds of dollars a year in interest on larger balances, as per the Rollingout report. For example, a $100,000 loan would now cost less in yearly interest payments.ALSO READ: Don’t hang it up yet: 3 key reasons to delay your 2026 retirementWhy Citigroup Is Making This Move NowCitigroup’s timing appears aimed at strengthening its position in the lending market. As one of the nation’s biggest banks, its rate changes often influence broader lending trends and competitors’ decisions, as per the Rollingout report.Live EventsCitigroup operates in more than 100 countries and jurisdictions worldwide. Its business covers five main areas, services, markets, banking, US personal banking, and wealth management.With a market capitalization of $177.36 billion, the bank plays a major role in global finance, as per the Rollingout report. It serves multinational corporations, provides investment banking and trading services, and runs a large credit card operation in the United States.ALSO READ: The Fed just slashed rates — experts reveal the No.1 place to keep your money right nowCiti's Strong Revenue Growth Despite Economic HeadwindsRecent numbers show a mixed picture for Citigroup. Over the past three years, the bank’s revenue has grown by 6.7%, showing steady progress despite economic uncertainty. Its net margin stands at 17.3%, highlighting solid profitability, as per the Rollingout report.However, the bank’s debt-to-equity ratio of 1.74 points to relatively high leverage, which analysts say could pose risks if not closely managed, as per the Rollingout report.Citigroup Stock Price TargetCitigroup’s stock currently trades with a price-to-earnings ratio of 13.92 and a price-to-sales ratio of 2.23, both near historical highs. Analysts remain cautiously optimistic, setting a target price around $112.73, as per the Rollingout report.Institutional investors hold about 77.82% of the company’s shares, reflecting continued confidence in the bank’s long-term outlook, as per the Rollingout report. The bank’s beta of 1.44 suggests that its stock could experience more volatility than the overall market.FAQsWhen does Citigroup’s new lending rate take effect?The new rate of 7.00% takes effect on Thursday, October 30.How much did Citigroup lower its base rate by?Citigroup reduced its base lending rate by 0.25 percentage points, from 7.25% to 7.00%.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onCitibank lending ratesCitigroup rate reductionCitigroup base lending rateimpact of Citigroup's rate cutCitigroup personal loansCitibankciti bankCitigroup stock priceCitiCiti base lending rate 2025 (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onCitibank lending ratesCitigroup rate reductionCitigroup base lending rateimpact of Citigroup's rate cutCitigroup personal loansCitibankciti bankCitigroup stock priceCitiCiti base lending rate 2025(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless Explore More Stories123
