Citibank Korea will hand out 73.2 billion won ($56.3 million) in dividends to its shareholders this year, according to the company and the Korea Federation of Banks, Friday. The amount will mark the highest in the past three years, including 2019 and 2020 when the dividend payouts amounted to 65.2 billion won and 46.5 billion, respectively.
Five major Korean banks have offered a voluntary retirement program to their 2,400 employees this year despite record profits amid higher interest rates, industry sources said Sunday.
Citibank Korea signed a syndicated loan agreement with Volta Energy Solution Canada (VES Canada), a local subsidiary of Solus Advanced Materials on Nov. 25, to support the company s copper foil business in North America.
Suhyup Bank s first female CEO, Kang Shin-sook, took office as the new leader of the fisheries cooperative s banking arm, Friday. She presented five core management goals after being inaugurated to the position. They include stable revenue generation, preemptive risk management, agile digital transformation, future-oriented organizational reform and enhanced support of fishermen.