Citibank Korea's Q2 net gains 13.8 pct

SEOUL, Aug. 14 (Yonhap) -- Citibank Korea Inc., the local unit of Citibank Inc.,
said Friday its second-quarter net surged 13.8 percent from a year earlier,
driven by rising non-interest income.

Net income stood at 121.9 billion won (US$98.4 million) in the April-June period,
compared with 107.1 billion won for the same period last year, Citibank Korea
said in an e-mailed statement.
Total revenue was flat at 405.7 billion won for the three months, compared with
405.6 billion won last year.
In a separate statement, SC First Korea Bank said its second-quarter earnings
plunged 58.2 percent to 48 billion won from a year earlier.
Operating income stood at 54.8 billion won in the April-June period, compared
with 266.8 billion won three months earlier, according to the lender which is
controlled by U.K.-based Standard Chartered Bank.
pbr@yna.co.kr
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