Citi Korea Inc [CKI] recently reported revenues of KRW 330.5 billion and net income of KRW 132.8 billion (approximately$89 million) for the first quarter 2026.

This marked the strongest start to a year for the bank’s Korea franchise since 2018.

Total revenues and net income increased by 23% and 61% respectively from the prior-year period, mainly driven by strong growth across core businesses.

The strong performance was driven by corporate client work, with non-interest income from foreign exchange, derivatives, and securities related revenues rising 77% from a year earlier.

Myung-Soon Yoo, CEO of CKI, said “Despite a challenging environment, CKI delivered its best quarterly performance since 2018. This is the result of significantly expanding non-interest revenue in our core business across Banking, Markets and Services,

which we are strategically focusing on and leveraging Citi's global network This performance is in line with Citi's global progress, which achieved its best results in a decade in the first quarter.”

Re-disseminated by The Asian Banker