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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Bursa Malaysia ends in the red, key down 0.29%
Proton records 12,230 vehicle sales in September
Saudi Arabia, Russia to continue voluntary oil cuts
KIP REIT unitholders approve acquisition of KIPMall Kota Warisan
Softbank to grow global IoT business in Apac
Allianz Asia Pacific opens regional delivery centre in KL
Malaysia's refined fuel consumption growth set to slow down over next decade - BMI
Malakoff invests RM2.5bil to develop 500MW solar projects within five years
Chinese developer SCE Group seeks offshore debt restructuring after default
Asia stocks slump as bond selloff spooks markets

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read