Finance

Citibank Korea Q3 net profit jumps 92 percent, driven by non-interest income

Citibank Korea reported a 92 percent rise in third-quarter net profit from a year earlier, helped by growth in non-interest income. Net profit came to 125.5 billion won, though it was 33 percent lower than the previous quarter’s record. Total revenue rose 34 percent, led by a 64 percent jump in non-interest income, while interest income fell 2 percent on a lower net interest margin.

Finance

Korean banks seen making limited profitability gains next year amid corporate loan competition, bad-loan risks

Korean banks are expected to post modest loan growth in 2027 led by large-company lending, but profitability gains are likely to be limited as net interest margins stagnate amid rising funding costs and tougher lending competition, an industry outlook seminar heard. The Korea Institute of Finance said credit risks could rise in vulnerable sectors as rates climb and growth diverges by industry, adding pressure on asset quality, capital management and provisioning, with regional banks facing additional strain.