Philippines’ oldest lender BPI shows interest in buying Citi’s local retail banking

MANILA, April 24 (Bloomberg): Bank of the Philippine Islands is interested in buying Citigroup Inc.’s retail business in the South-East Asian nation as the country’s oldest lender girds for lending pickup after the pandemic, President TG Limcaoco said.

"We have told them that as soon as there is any information, we will take a look at it and most likely, we will be interested,” he said at a briefing, referring to Citigroup’s retail banking business.