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JAKARTA - Citi announced today it has successfully completed the sale and full 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 employees.
Singapore – Citi announced today it has completed the sale of Citi's Malaysia and Thailand retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB) subsidiaries, which includes the transfer of over 3,000 related staff.
UOB's scale in ASEAN grew further following its acquisition of Citibank's consumer businesses (wealth management and retail deposits) in Malaysia, Thailand, Vietnam, and Indonesia over 2022 and 2023.
Discover answers to your queries about the Citibank Thailand acquisition by UOB Thailand. Explore our FAQ page for clarity on account migration, service changes, and impacts. Learn more!
Citi said that it has successfully obtained a vesting order from the High Court to transfer its consumer banking assets and liabilities to UOB, with the transfer of ownership set to take effect from 1 November 2022.
Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced Friday. UOB, which has a prominent ...
Completion of the acquisition for Citigroup's consumer banking businesses in Indonesia and Vietnam is planned for 2023. The consumer businesses comprise Citigroup's unsecured and secured lending portfolios, wealth management and retail deposit businesses.
SINGAPORE - UOB has agreed to acquire Citigroup's consumer banking franchise in Indonesia, Malaysia, Thailand and Vietnam for about $4.915 billion.
14 July (8pm onwards) – 16 July. – Migration in progress to transfer Citi accounts to UOB. – Services may be interrupted, including your access to Citibank Online Banking, Citi Mobile App, and cash advance withdrawals. 17 July onwards. – Customers to download UOB TMRW app and register for UOB online banking.
KUALA LUMPUR: Citi has completed the sale of Citi’s Malaysia and Thailand retail banking and consumer credit card businesses to United Overseas Bank Ltd (UOB) subsidiaries, which includes the transfer of over 3,000 related staff.