Jul 09, 2014 09:58 Asia/Seoul Time Zone
Citibank Korea Awarded ‘Best Foreign Commercial Bank in Korea’ by FinanceAsia
SEOUL--(Korea Newswire) July 9, 2014 -- Citibank Korea (CEO Ha Yung-ku, www.citibank.co.kr) was named Best Foreign Commercial Bank in Korea in this year’s Country Awards of FinanceAsia, a prestigious financial magazine. Citibank Korea has won the award a total of six times between 2008 and this year.

On the nomination of Citibank Korea, FinanceAsia commented, “We nominated Citibank Korea as Best Foreign Commercial Bank in Korea since the bank has taken the lead in financing Korean companies with products like syndicated loans and floating rate notes based on Citi’s global network in over 100 countries around the world and the industry’s strongest level of soundness with a BIS capital ratio of 18.05% and a Tier-1 capital ratio of 15.47%. In addition, the bank posted excellent performance in areas such as foreign exchange, derivatives, and structured products under difficult circumstances in the Korean financial market.”

Ha Yung-ku, CEO of Citibank Korea, said, “We won the award thanks to our customers’ trust, more than anything else. I also would like to praise the passion and devotion of our employees who put forth outstanding efforts to achieve this outcome.”

Meanwhile, in the investment banking area, Citigroup Global Markets Korea Securities was awarded Best Foreign Investment Bank in Korea. On its nomination, FinanceAsia commented, “It is playing active roles as a leading comprehensive investment bank fully satisfying its domestic and overseas customers and recorded superior performance across all areas, including M&A as well as equity capital and debt capital markets.”
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