On the 28th, Korea Citibank announced that its net income last year amounted to 311.9 billion won. This figure represents a 12.4% increase compared to its 2023 performance of 277.6 billion won.
Last year, total revenue reached 1.1758 trillion won, an increase of 4.2% compared to the previous year. Among this, interest income last year was 75.6 billion won, which is a 12.2% decrease compared to the previous year. The net interest margin (NIM) improved from 2.64% in 2023 to 2.78% last year, but this was influenced by a decline in loan assets following the exit from the retail banking market. Last year, non-interest revenue recorded 41.98 billion won, a 56.5% increase from the previous year, driven by gains from foreign exchange, derivatives, and securities.
On the 28th, Korea Citibank appointed Kim Young-ki, former standing auditor of KB Kookmin Bank, as a new outside director at the regular shareholders' meeting. Ji Dong-hyun, Min Sung-ki, and Kim Min-hee were reappointed as outside directors.
Additionally, following a 400 billion won interim dividend last October, a dividend of 155.9 billion won was confirmed on this day. Due to the equity structure, all dividends from Korea Citibank are sent to the head office.