UOB to acquire Citi consumer banking business in four ASEAN markets

UOB has agreed to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam.

Ella Arwyn Jones

January 18, 2022

United Overseas Bank (UOB) announced on Friday (January 14) that it has entered into an agreement with Citi to acquire the US bank’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam.

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#sale