Strong support from its parent, Citibank N.A. Strong capitalization Adequate asset quality Relatively weak local market position Modest profitability Slow integration process with KorAm Bank The ratings on Citibank Korea Inc. (A/Stable/A-1) reflect expected support from its parent bank, Citibank N.A. New York, NY (Citibank N.A.; AA/Negative /A-1+), which owns 99.95% of the bank. The ratings also reflect Citibank Korea's strong capitalization and its adequate asset quality on a stand-alone basis. Offsetting factors include the bank's relatively weak market position, modest profitability, and its slow integration with KorAm bank. Citibank Korea is Korea's ninth-largest commercial bank in terms of assets. Citibank Overseas Investment Corporation and Citibank N.A. own 99.95% of Citibank Korea. Citibank Korea's loan portfolio breakdown as of March
