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UOB to buy Citigroup's consumer business in 4 countries for about S$4.9 billion


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UOB to buy Citigroup's consumer business in 4 countries for about S$4.9 billion

 

Firdaus Hamzah

14 Jan 2022 11:07AM (Updated: 14 Jan 2022 05:41PM)

 

SINGAPORE: United Overseas Bank (UOB) said on Friday (Jan 14) that it has agreed to buy Citigroup’s consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam for about S$4.915 billion.

 

The proposed acquisition includes Citigroup's unsecured and secured lending portfolios, wealth management and retail deposit businesses in the four countries.

 

Read more: https://www.channelnewsasia.com/business/uob-buy-citigroup-consumer-businesses-4-countries-2434911

 

Edited by Puccini
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