citibank uob - Transition to UOB Citibank NA Hanoi filmbokepindo Branch and Ho Chi Minh City Branch Citi Vietnam has transferred ownership of its consumer banking business to United Overseas Bank Vietnam Limited UOB Vietnam with effect from 01 March 2023 UOBs takeover of Citis consumer unit is its first big acquisition in 16 years While its two other Singaporebased rivals DBS Group Holdings Ltd and OverseaChinese Banking Corp grew their presence substantially via acquisitions in Greater China UOB has been focusing its footprint in Southeast Asia 2023 Bloomberg LP UOB Completes Migration Of Citi Accounts To Its Ecosystem RinggitPlus Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank UOB for about S5 billion 37 billion bringing the US bank closer to its goal of 80 Raffles Place UOB Plaza Singapore 048624 Tel 65 6533 9893 Fax 65 6532 6087 uobgroupcom News Release Co Reg No 193500026Z Singapore Australia Brunei Canada China France Hong Kong India Indonesia Japan Malaysia Myanmar Philippines South Korea Taiwan Thailand United Kingdom USA Vietnam UOB completes acquisition of Citigroups consumer SINGAPORE United Overseas Bank UOB will be acquiring the consumer business of Citibank in four countries for around S5 billion in a move that would propel its status to a leading retail UOBs scale in ASEAN grew further following its acquisition of Citibanks consumer businesses wealth management and retail deposits in Malaysia Thailand Vietnam and Indonesia over 2022 and 2023 UOB keeps most Citi staff after Southeast Asia retail buyout We Expect UOB to Reap the Benefits of the Citigroup Acquisition Citi Completes Sale of Malaysia and Thailand Consumer Banking to UOB Group Citi and UOB first gombalan tentang bola announced the transaction on 14 January 2022 as part of a broader sale agreement covering consumer banking across Malaysia Thailand Vietnam and Indonesia and excluding the banks institutional businesses As previously disclosed the sales of the Vietnam and Indonesia consumer businesses are expected to be completed in UOB to kill 4 birds with 1 stone by acquiring Citibanks TODAY The transaction is expected to result in a modest regulatory capital benefit to Citi Citi and UOB first announced the transaction in January 2022 as part of a broader sale agreement covering consumer banking across Malaysia Thailand Vietnam and Indonesia and excluding the banks institutional businesses Sales in Malaysia and Thailand were Transition to UOB Citibank Citi and UOB first announced the transaction in January 2022 as part of a broader sale agreement covering consumer banking across Malaysia Thailand Vietnam and Indonesia Sales in Malaysia and Thailand were completed on November 1 2022 and the sale in Vietnam was completed on March 1 2023 This transaction is expected to result in a modest PDF UOB completes acquisition of Citigroups consumer banking businesses in Citi to sell Southeast Asia retail business in 37 bln deal to UOB further shared that the new UOB cards will retain your existing Citi card number but your CVV and expiry date will be updated for security reasons Otherwise other details should remain the same including your cards credit limit the credit limit of your migrated UOB credit card will be exactly the same as your current Citi credit limit Citi Completes Sale of Indonesia Consumer Banking to UOB Citigroup Citi Completes Sale of Vietnam Consumer Banking benedetta Business to UOB Group
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