UOB says the acquisition of Citigroup’s consumer banking business in Malaysia, Indonesia, Thailand and Vietnam is expected to be completed between mid-2022 and early 2024. – EPA pic, January 14, 2022.
UNITED Overseas Bank Ltd’s subsidiaries have signed agreements to acquire Citigroup’s consumer banking business, comprising its unsecured and secured lending portfolios, wealth management and retail deposit business, in Malaysia, Indonesia, Thailand and Vietnam. As part of the proposed acquisition, UOB intends to bring onboard the staff in the consumer business.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: