Citibank Korea wins Best Foreign Commercial Bank in Korea

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Aug. 31, 2012 10:01

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SEOUL--(Korea Newswire)--Citibank Korea (CEO Ha, Yung Ku, www.citibank.co.kr) was awarded Best Foreign Commercial Bank in the annual FinanceAsia Country Awards for Achievement for 2011, which were announced in July. This is the fifth consecutive year Citibank has won this award.

“As the dominant foreign bank in Korea, Citi Korea introduced an innovative service enhancing foreign exchange cash management capability to clears payment on the same day and the convenience of smart banking branches and its 11,000 ATMs,“ said FinanceAsia editors. ”And it has a strong capital base and plenty of liquidity; at the end of 2011, it had a capital adequacy ratio of 16.36%, with a Tier-1 ration of 13./39%, the highest among commercial banks."

“We are very proud to receive this prestigious accolade, which would not have been possible without the support and confidence of our clients. It is also welcome recognition for our employees, who continue to show passion, dedication and desire to innovate; attributes that also helped us win the award,” said Yung-Ku Ha, CEO of Citibank Korea.

FinanceAsia is one of the Asia’s leading monthly financial magazines.

Website: http://www.citibank.co.kr