Citibank Korea wins Best Foreign Commercial Bank in Korea

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 fourth consecutive year Citibank has won this award.

“Citi is a substantial presence in Korea. It has a significant share of the domestic cash management and trade finance markets, as well as being a major player in foreign exchange and custody services,“ said FinanceAsia editors. ”Citi continues to expand its retail operation...Its Korean operations now generate more than 10% of its Asian revenues, and the bank still believes there is considerable room to grow."

“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

This is a news release distributed by Korea Newswire on behalf of this company.