Yoom Young-soon to Lead Korea Citibank for 3 More Years... Selected as Next CEO Candidate

Sole Candidate for Next Bank President Selected Through Executive Nomination Committee
High Praise for Performance Improvement and ESG Management
First Female Bank President of a Domestic Private Bank

The 'Yoo Myeong-sun administration' at Citibank Korea will continue for another three years. On the 14th, Yoo Myeong-sun, President of Citibank Korea, was recommended as the sole candidate for the next president through the Citibank Korea Executive Candidate Recommendation Committee. The committee stated, "President Yoo actively restructured Citibank Korea's profit model by gradually phasing out the consumer finance business and focusing on corporate finance, thereby strengthening the bank's capabilities," and added, "His clear vision to elevate the bank as a core business within Citigroup during his renewed term suggests promising future performance."

Citibank Korea posted a net income of 177.7 billion KRW in the first half of this year, a 126% increase compared to 78.7 billion KRW in the same period last year. Non-interest income during the same period was 82.6 billion KRW, marking an 848.7% increase compared to one year ago. President Yoo has also received high praise for leading ESG (Environmental, Social, and Governance) management and preventing the financial accidents that have recently occurred one after another in the banking sector.

The next president will be elected through the shareholders' meeting and board of directors on the 27th of next month. President Yoo graduated from Ewha Womans University with a degree in English Education and joined Citibank Korea in 1987. She served as Head of the Multinational Corporate Finance Division, Vice President of the Corporate Finance Product Division, and Senior Vice President of the Corporate Finance Group. In August 2020, she was appointed Acting President and was officially appointed President in October of the same year. She was the first female president of a domestic private bank in Korea.

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