Citibank Korea recognized as best international bank in Korea by Asiamoney

Citibank Korea headquarters in Seoul / Courtesy of Citibank Korea

Citibank Korea was named the 2023 Best International Bank in Korea by Asiamoney, the bank announced on Friday.

Asiamoney noted that Citibank Korea showed significant performance improvement across financial metrics, with tangible gains in total revenue and net income compared to 2022. It marked particularly strong growth in corporate banking, the magazine added.

Citibank Korea is continuing substantial growth across all fronts of its Institutional Clients Group, encompassing foreign exchange and capital markets, corporate client treasury management and securities services. The bank has been strategically focusing on these business sectors to reshape the revenue model, reinforcing its position as a beacon of financial strength.

“Thanks to all our employees, who are working together for the growth of clients and the bank, we were able to win this award during a time of change and challenge,” Citibank Korea CEO Yoo Myung-soon said.

“We will continue to provide high-quality financial services as a trusted financial partner for the sustainable growth of corporate clients that are expanding rapidly in the global market.”