Citi Korea posts strongest Q1 since 2018 as net income surges 61%

Total revenues and net income rose by 23% and 61%, respectively.

Citi Korea Inc. (CKI) has reported a net income of $88.11m (KRW132.8m) in the first quarter of 2026, and revenues of $219.26m (KRW330.5b).

This marks its strongest start to a year for the bank’s Korea franchise since 2018, Citi said in a statement. It attributes the performance to “strong growth across core businesses.”

“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,” said CKI CEO Myung-Soon Yoo.

Total revenues and net income increased by 23% and 61% respectively compared to Q1 2025.

Strong performance was also due to corporate client work, with non-interest income from foreign exchange, derivatives, and securities related revenues rising 77% from a year earlier.

“This performance is in line with Citi's global progress, which achieved its best results in a decade in the first quarter,” Yoo said.