Citi completes consumer banking sales of India and Vietnam businesses

In 2022, UOB agreed to acquire Citi’s Vietnam business as part of a larger deal that also includes Malaysia, Thailand and Indonesia. Meanwhile, the bank’s India consumer business will transfer to domestic lender, Axis Bank.

On March 1, Citi announced the completion of two divestitures that mark the sixth and seventh as part of its strategy to exit of consumer banking in 14 markets.

¬ Haymarket Media Limited. All rights reserved.

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