Citi completes sale of Malaysia and Thailand consumer banking units to UOB

The bank forges ahead with its strategic divestiture from consumer banking in 14 markets.
Kuala Lumpur
Kuala Lumpur

Citi has announced the completion of its third and fourth divestitures, as part of 14 planned exits from its international consumer business. The bank first announced plans to exit 13 consumer markets across Asia and EMEA, while retaining four hubs (Singapore, Hong Kong, London and the UAE) in April 2021, before adding Mexico to its exit strategy in January 2022.

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