Citi Unloads More, This Time Consumer Businesses in SE Asia
Posted on 01/14/2022
United Overseas Bank (UOB) inked a deal to buy Citigroup’s consumer businesses in Indonesia, Malaysia, Thailand, and Vietnam for about S$ 4.915 billion (US$ 3.65 billion). UOB plans to fund the deal by the bank’s excess capital. UOB competes against Singapore rivals Oversea-Chinese Banking Corporation, Limited (OCBC) and DBS Group in the region. UOB said […]
