Citi to sell consumer unit in Bahrain to Ahli United Bank

MANAMA: Citigroup Inc has agreed to sell its consumer-banking operations in Bahrain to Ahli United Bank (AUB) BSC as part of the lender’s continued push to simplify.

The transaction includes Citigroup’s retail-banking, credit-card and unsecured-lending businesses, and excludes the firm’s institutional businesses, according to a statement.

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