Citi Announces Agreement to Sell Philippines Consumer Bank to UnionBank of the Philippines

Byemmamadison837 December 23, 2021

Post Views: 197 Citi today announced it has reached agreement with UnionBank of the Philippines (hereafter “UnionBank”) on the acquisition of Citi’s consumer banking franchise in the Philippines. The transaction covers Citi’s local credit card, unsecured lending, deposit and investment businesses, as well as Citicorp Financial Services and Insurance Brokerage Philippines Inc. (CFSI), which provides…

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