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BPI eyes acquiring Citi's Philippine retail business

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If a deal is reached, BPI would almost double its retail business, as Citi is among the leading credit card issuers.

Ayala-led Bank of the Philippine Islands is looking at acquiring Citi's retail business, as the foreign bank announced its exit from the Philippines.said they find Citi's portfolio and client base attractive.

"As soon as there is any information, we will take a look at it and most likely, we will be interested." Limcaoco said that once BPI sees Citi's plans, they may likely fund it internally, citing the bank's adequate capital ratios.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Singapore branches nalang yata ang i-kekeep ng Citibank.

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BPI 'interested' to bid for Citibank's Philippine consumer businessThe Bank of the Philippine Islands is 'interested' in bidding for the consumer and retail businesses of Citibank Philippines after the banking giant announced its exit from the country, BPI's new president and CEO TG Limcaoco said Thursday. Wow
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