Korea Citibank announced on the 15th that it recorded a net profit of 82.4 billion won in the first quarter of this year. This represents an increase of 12.4% compared to the first quarter of last year, which had a performance of 73.3 billion won.
Interest revenue in the first quarter reached 140.8 billion won, reflecting a decrease of 31.6% compared to the same period last year (2059%). This decline was influenced by a reduction in consumer finance institutional sector loan assets and a drop in net interest margin. Conversely, non-interest revenue increased from 92.8 billion won to 127.7 billion won, driven by a rise in revenue related to foreign exchange, derivative products, and securities.
As of the end of the first quarter, the BIS capital adequacy ratio stood at 34.74%, up by 2 percentage points compared to the same period last year. The common equity tier 1 capital ratio (CET1) recorded 33.71%, an increase of 2.04 percentage points from the previous year.