Korea's best international bank 2020: 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 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
AwardsBest Bank Awards

Korea's best international bank 2020: Citi


Yoo Myung-soon, Citibank Korea.jpg
Yoo Myung-soon, Citibank Korea

Citi’s strength in depth means it stands apart from its global peers in Korea. Because it has a large physical presence in the country, it was forced to act quickly in the early months of 2020 when Covid-19 struck and thousands of staff had to work from home.

The pandemic was not the only headache for the bank this year. With China and the US locked in a trade dispute, Citi has had to balance the competing needs of clients from both economies while dealing with enduring trade tensions between Korea and Japan. It is to the bank’s credit that it has kept the wheels of business and finance rolling, extending liquidity to foreign and local companies, as well as serving retail customers, in the toughest year in over a decade.

Revenue in the 12 months to the end of June 2020 was W1.29 trillion ($1.16