The banking group headâs comments were part of a prepared statement due to be given to a Congress panel responsible for reviewing the program of financial aid given to banks.
Citigroup, which is 27 per cent owned by the US government, received $45 billion from the government as part of the Troubled Asset Relief Program (TARP).
Up to $20 billion of the sum has been paid back by the organisation, $17 billion of which came from a common stock offering.
Mr Pandit was quoted by Bloomberg as saying: âThis investment built a bridge over the crisis to a sound footing on the other side, and it came from the American people. I want to thank our government.â
Figures from Citigroup showed that the company lost $1.6 billion during 2009, which was less than the $27.7 billion lost during the previous year.
Mr Pandit received an estimated $128,000 as a wage for the year after pledging to accept $1 as pay in February for the rest of 2009.
By Jim Ottewill