Korea Citibank Reports 187.8 Billion KRW Net Profit Last Year... Dividend Payout Ratio at 20%

[Asia Economy Reporter Kim Hyo-jin] Citibank Korea held its 38th regular general shareholders' meeting on the 30th at its headquarters located on Saemunan-ro, Seoul.

The total dividend was set at 46.5 billion KRW, with a dividend of 146 KRW per common share. The dividend payout ratio, which is the proportion of dividends to net income, was 19.9%. Citibank Korea's net income last year was 187.8 billion KRW, representing a 32.8% decrease compared to 279.4 billion KRW the previous year. Total revenue also decreased by 8.3% to 1.2771 trillion KRW from 1.3377 trillion KRW the previous year.

At the end of last year, the BIS capital adequacy ratio and common equity tier 1 capital ratio were recorded at 20.06% and 19.19%, respectively. These figures represent increases of 0.5 percentage points and 0.43 percentage points compared to the same period last year.

At the shareholders' meeting, Professor Lee Mi-hyun of Yonsei University and former BNK Financial Group Vice President Jung Min-ju, who were recommended as outside director and audit committee candidates by the executive nomination committee held on the 15th of last month, were reappointed as outside directors and audit committee members for a one-year term. Former Korea Credit Information Services President Min Sung-ki was newly appointed as an outside director and audit committee member for a two-year term.

This content was produced with the assistance of AI translation services.