SC, Citi urged to find new growth engines amid falling revenues Posted : 2021-04-05 09:01 Updated : 2021-04-05 11:07 From left are Standard Chartered Bank Korea CEO Park Jong-bok and Citibank Korea CEO Yoo Myung-soon. Yonhap By Lee Min-hyung Standard Chartered (SC) Bank Korea and Citibank Korea are urged to find a breakthrough in tackling their falling revenues. They are two major overseas lenders here hit hard by the pandemic shock last year. Both banks reported two-digit declines in net profit in 2020, compared to the year before. SC Bank Korea reported 257.1 billion won in 2020 net profit, down 18.2 percent year-on-year. Citibank Korea also chalked up 187.8 billion won in net profit, a drop of 32.8 percent during the same period.