Citi completes sale of Indonesia consumer business to UOB

The move is part of a deal for Citi to sell consumer banking businesses in Malaysia, Thailand, Vietnam and Indonesia to UOB as it retreats from 14 markets in the space. Meanwhile, a major reorganisation at the bank has begun, including Asia leadership changes.
November 20, 2023

Citi has completed the sale and migration of its Indonesia consumer businesses to UOB Indonesia (UOBI). The sale includes retail banking, credit card, and unsecured lending businesses, as well as the transfer of an unspecified number of employees. It doesn't include Citi's institutional business in the country. 

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