asean

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UOB Acquiring Citigroup’s Consumer Business in Indonesia, Malaysia, Thailand and Vietnam
acquisition

UOB Acquiring Citigroup’s Consumer Business in Indonesia, Malaysia, Thailand and Vietnam

Singapore, 14 January 2022 – United Overseas Bank Limited (UOB)’s subsidiaries have entered into agreements to acquire Citigroup’s consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses (the Consumer Business) in Indonesia, Malaysia, Thailand and Vietnam (the Proposed Acquisition). As part of
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