Korea's best international bank 2023: Citi
Asiamoney is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Korea's best international bank 2023: Citi


MS Yoo, Citibank Korea.jpg
MS Yoo, Citibank Korea

Citi is named best international bank in Korea after an improved year-on-year financial performance.

Overall, the bank saw a marked improvement in performance over 2022. Total revenue reached W968 billion ($736.8 million) and net income was W146 billion. The US firm is consistently ranked in the top five financial institutions lending in foreign currencies to domestic clients. Its corporate division saw revenue in Korea increase by 44% year on year to W565 billion in 2022 and net income grow by almost 80% to W237 billion.

Its capital ratio and common equity tier-1 capital ratio were 20.72% and 19.83% at the end of 2022, up by 3.8% and 3.69% respectively.

Gift this article