NAB to acquire Citi’s Australian consumer banking business

Citi withdraws consumer franchises from 13 markets as it refocusses its effort on institutional clients and the wealth business. NAB acquires the bank's Australian division and 800 staff members.

Ella Arwyn Jones

August 10, 2021

Citi announced in a release yesterday (09 August), that it has entered an agreement with National Australia Bank Limited (NAB) for the sale of its Australia-based consumer banking business.

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